With Accelerent, you can leave your equity untapped, but still leverage the value of your property by accelerating your rent, not taking on another loan.
Accelrent is not a loan, so there’s no impact on your credit to use Accelrent. Instead, it’s an acceleration of rent payments your property management company is going to collect anyway, so you have cash on hand now.
Property investors know that scraping together capital for the next purchase, renovations or repairs takes time. Accelrent gives you access to your rent now, so you can manage and grow your portfolio on your schedule – not the bank’s.
Please reach us at resources@accelrent.com if you cannot find an answer to your question.
Unlike a loan that requires regular payments, Accelrent is paid back when your property manager collects rent. If you have a vacancy or late payments from the tenant, it’s ok – your property manager will find a new tenant and then payments to Accelrent will start up again, and of course - your overall cost won’t change.
Because Accelrent only collects through property managers, we’d have to loop them in to make this transaction work. It won’t cost them anything, and we make the process easy.
We think Accelrent is a better way to unlock that value. First off, the overall cost of Accelrent could be lower than the cost of borrowing equity, especially if there’s a vacancy. Second, Accelrent is fast. Approvals and funding happens in as little as 2 days, not after several weeks like with loans. Finally, Accelrent lets you preserve your equity that you’ve worked hard to build up.
Accelrent is from a team with over twenty years of experience in specialty finance. Our coverage of capital markets gives us the ability to provide millions of dollars in funding each month, and our expertise allows us to operate the Accelrent program effectively – ensuring all parties get maximum value.
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