All Discussions Tagged 'deal' - Real Estate Finance2024-03-29T07:08:07Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=deal&feed=yes&xn_auth=noAsset-Based Investment Property Loans for Tough-To-Qualify Borrowerstag:realestatefinance.ning.com,2018-08-22:6517464:Topic:3283512018-08-22T22:41:00.723ZWill Jones IIIhttps://realestatefinance.ning.com/profile/Will
<p>If you’re a mortgage broker, some of your clients may have asked you about investment property loans. And while many experienced residential brokers shy away from investment property loans, they often miss out on an excellent business opportunity.</p>
<h4>Starting From What You Already Know</h4>
<p>Most mortgage brokers are familiar with home mortgage loans, including the necessary credit score requirements, debt-to-income (DTI) ratio calculations, mortgage insurance premiums, minimum…</p>
<p>If you’re a mortgage broker, some of your clients may have asked you about investment property loans. And while many experienced residential brokers shy away from investment property loans, they often miss out on an excellent business opportunity.</p>
<h4>Starting From What You Already Know</h4>
<p>Most mortgage brokers are familiar with home mortgage loans, including the necessary credit score requirements, debt-to-income (DTI) ratio calculations, mortgage insurance premiums, minimum downpayment, the income verification process and all of the documents required to qualify buyers for owner-occupied residential properties.</p>
<p>Government-Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac, which purchase and guarantee the home mortgages originated by lenders, establish the underwriting and documentation guidelines to reduce their risk. Most owner-occupied home loans fall under the underwriting guidelines used by the GSEs. When you concentrate on residential mortgage lending, the rigorous requirements of GSE loans become all too familiar so it can be challenging to explore other mortgage industry options.</p>
<h4>What Buildings Qualify for Investment Property Loans?</h4>
<p>Investment property loans include non-owner occupied residential 1-4 properties (single family residences, townhomes, and condominiums), multi-family (apartment) buildings, mixed-use buildings, and commercial properties used for “business” purposes. Stated simply, if a borrower purchases a property with the intention of earning a return on the investment, either through rent collected from tenants, the future resale of the property or to operate a business entity, it qualifies as an investment property.</p>
<h4>Who Provides Investment Property Loans?</h4>
<p>Most banks, wholesale, conduit, hard money and non-bank specialty finance lenders provide loans for investment and small balance commercial properties to some degree.</p>
<p>Many banks, wholesale and conduit lenders originate and sell their loans to GSEs. They typically offer the lowest rates but must follow the strict underwriting guidelines established by GSEs, most notably, detailed documentation of the borrower’s income and credit history. GSEs also limit their investment property loans to residential 1-4 and multi-family buildings.</p>
<p>Some banks use customer deposits to fund investment property loans. While they offer the lowest rates for investment properties and small balance commercial real estate, banks must limit lending for commercial properties to conform to the lending concentration limits imposed on banks by the Federal Reserve. Banks accomplish this through selective lending that limits their loans to existing customers with an excellent credit rating and deposits at the bank.</p>
<p>Hard money lenders acquire capital from private investors, often professionals like doctors and attorneys, to fund local investment properties and small balance commercial loans. These loans are typically short-term solutions that range from 6 to 18 months with high-interest rates and lower LTVs.</p>
<p>A non-bank portfolio lender, often referred to as a specialty finance company, retains, manages and services the loans it originates in a private mortgage portfolio. It acquires investment capital from private investors, which may include insurance companies, pension plans, and private money managers, by offering bonds which pay a risk-adjusted return from the interest and loan serving fees it collects. The rates charged by non-bank portfolio lenders typically fall between low rates charged by banks and the high rates charged for short-term loans from hard money lenders.</p>
<h4>The Disadvantaged Self-Employed Investor or Small Business Owner</h4>
<p>If your borrower is self-employed or owns a small business, they may find it difficult to qualify for a GSE-sponsored investment property loan.</p>
<p>For example, a small business may not have an established credit history, making them ineligible for a multi-family building loan from a GSE or bank. Likewise, self-employed real estate investors and small business owners often write off expenses associated with their investments and business operations to reduce their income and tax liability. Unfortunately, these practices, although legal, can also make your borrowers ineligible for investment property loans from GSEs or Banks.</p>
<p>So the simple solution to getting an investment property loan for tough-to-qualify investors is to use a portfolio lender that doesn’t sell their loans to a GSE or bank.</p>
<h4>The Advantages of a Non-Bank Portfolio Lender in Investment Property Loans</h4>
<p>Since direct portfolio lenders don’t sell their loans to a GSE, they are free to create their own underwriting rules, which often include an asset-based approach for investment property loans. As its name implies, asset-based loans place more importance on the value of the property and its revenue-generating potential than the borrower’s personal income. Because of this, borrowers often don’t need to provide documentation to verify their personal income.</p>
<h4>The Alternative to No Income Verification and Stated Income Loans</h4>
<p>Calling an asset-based loan a “no income” or “stated income” loan is often a misnomer. The underwriting for an asset-based loan does evaluate the income or revenue-generating potential of the property, so calling them a no income or stated income loan isn’t technically correct. Income from the property isn’t personal, but it is still income, and lenders typically verify it during the underwriting process.</p>
<h4>How to Use Asset-Based Loans from Non-Bank Lenders to Solve Business Challenges</h4>
<p>If you service self-employed real estate investors and small business owners who have difficulty verifying their personal income or don’t have an established credit history, using an asset-based lender is the best option for obtaining the financing your borrowers need to acquire an investment property.</p>
<p>The best way to deal with your tough-to-qualify investors is to offer an asset-based loan as a medium-term solution that allows them to acquire the property and take advantage of an excellent investment opportunity. You can then provide a plan to help your borrower establish a plan so they can qualify for a conventional loan after a few years. Doing so will earn you the reputation of a broker who knows how to solve business challenges through the creative use of asset-based lending programs.</p> Over One Million Dollars in Profit!!!!tag:realestatefinance.ning.com,2015-09-26:6517464:Topic:2453202015-09-26T22:47:58.621ZDaniella Goldsteinhttps://realestatefinance.ning.com/profile/DaniellaGoldstein418
<p><a href="http://realestatefinance.ning.com/forum/topics/property-in-phoenix-with-over-1m-in-equity-up-for-assignment-to-a?xg_source=activity">http://realestatefinance.ning.com/forum/topics/property-in-phoenix-with-over-1m-in-equity-up-for-assignment-to-a?xg_source=activity</a></p>
<p><a href="http://realestatefinance.ning.com/forum/topics/property-in-phoenix-with-over-1m-in-equity-up-for-assignment-to-a?xg_source=activity">http://realestatefinance.ning.com/forum/topics/property-in-phoenix-with-over-1m-in-equity-up-for-assignment-to-a?xg_source=activity</a></p> Looking for DIRECT lender that does "dirt" dealstag:realestatefinance.ning.com,2015-08-31:6517464:Topic:2433452015-08-31T19:29:49.013Zbill morgensteinhttps://realestatefinance.ning.com/profile/billmorgenstein
<p>We have good borrower who's land value in NY state is $3 million (140+ acres). Looking for $800,000 to finish subdivision, pay taxes and clean up current loan ($300K).</p>
<p></p>
<p>Only direct lender with no 'up front' fees, call Bill @ 800-753-7840</p>
<p>We have good borrower who's land value in NY state is $3 million (140+ acres). Looking for $800,000 to finish subdivision, pay taxes and clean up current loan ($300K).</p>
<p></p>
<p>Only direct lender with no 'up front' fees, call Bill @ 800-753-7840</p> Request founding for a flipping property project- solid investment -fast money back -ROI 10%tag:realestatefinance.ning.com,2014-06-08:6517464:Topic:1798812014-06-08T13:43:15.353ZDimitrios Dikoshttps://realestatefinance.ning.com/profile/DimitriosDikos
<p>Hello , </p>
<p>We have a deal ready and we seek capital to proceed. The amount is 180000 euro and ROI is 10 % for a six month period. We pay back 200000 in six months. The project is about buying low and selling high is a small period . The buyers have allready agreed. All we need is the financing of the deal.</p>
<p></p>
<p>There are six houses in a plot for sale. We buy them all together (low) and sell them individually making a profit. </p>
<p></p>
<p>The houses will be the security for…</p>
<p>Hello , </p>
<p>We have a deal ready and we seek capital to proceed. The amount is 180000 euro and ROI is 10 % for a six month period. We pay back 200000 in six months. The project is about buying low and selling high is a small period . The buyers have allready agreed. All we need is the financing of the deal.</p>
<p></p>
<p>There are six houses in a plot for sale. We buy them all together (low) and sell them individually making a profit. </p>
<p></p>
<p>The houses will be the security for the investor. There is no way to lose money.</p>
<p></p>
<p><a href="http://www.derxis.gr/estatesite6en/property_details.jsp?propertyId=1570775">http://www.derxis.gr/estatesite6en/property_details.jsp?propertyId=1570775</a> </p>
<p></p>
<p>For any more info </p>
<p></p>
<p>please contact us at derxis2012@gmail.com visit <a href="http://www.derxis.gr">www.derxis.gr</a> to find more about us.</p> What Kind Of Rehabber Are You? We Will Teach You The Art Of The Deal.tag:realestatefinance.ning.com,2014-01-22:6517464:Topic:1486582014-01-22T17:14:02.471ZHeidi Linderhttps://realestatefinance.ning.com/profile/HeidiLinder
<p><strong><span class="font-size-5" style="color: #800000;">Fund My Gap is Your Quick Easy Way to Funding Your Fix & Flip Deals...."We Are Your Skin in the Game" - We Can Show You How To Maximize "The Art Of The Deal" and Learn How To Use OPM "Other People's Money" to Get Your Deals Funded Fast.</span></strong></p>
<p><strong><span class="font-size-5" style="color: #800000;"><a href="http://www.fundmygap.com" target="_blank">Apply Here Today…</a></span></strong></p>
<p></p>
<p><strong><span style="color: #800000;" class="font-size-5">Fund My Gap is Your Quick Easy Way to Funding Your Fix & Flip Deals...."We Are Your Skin in the Game" - We Can Show You How To Maximize "The Art Of The Deal" and Learn How To Use OPM "Other People's Money" to Get Your Deals Funded Fast.</span></strong></p>
<p><strong><span style="color: #800000;" class="font-size-5"><a href="http://www.fundmygap.com" target="_blank">Apply Here Today</a></span></strong></p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/124795696?profile=original"><img width="750" class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/124795696?profile=RESIZE_1024x1024" width="750"/></a></p> GAP FUNDING FOR FIX & FLIPStag:realestatefinance.ning.com,2014-01-22:6517464:Topic:1489182014-01-22T14:45:59.974ZHeidi Linderhttps://realestatefinance.ning.com/profile/HeidiLinder
<p><a href="http://www.fundmygap.com" target="_blank">Get Funding Now</a></p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/124795693?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/124795693?profile=original" width="744"/></a></p>
<p><a href="http://www.fundmygap.com" target="_blank">Get Funding Now</a></p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/124795693?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/124795693?profile=original" width="744"/></a></p> Funding needed for HOT East Nashville Markettag:realestatefinance.ning.com,2013-10-23:6517464:Topic:1269652013-10-23T19:53:12.742ZTom Wiserhttps://realestatefinance.ning.com/profile/TomWiser
<p>I am a Realtor/Investor in Nashville. Currently have a deal for 155k worth 205k as is. I wish to purchase and put back on the market for what is worth with no rehab costs. I also come across much more lucrative deals.</p>
<p>Please contact me.</p>
<p>Tom Wiser, Realtor and Investor</p>
<p>615-828-4929</p>
<p><a href="mailto:tom.wiser@gmail.com">tom.wiser@gmail.com</a></p>
<p>I am a Realtor/Investor in Nashville. Currently have a deal for 155k worth 205k as is. I wish to purchase and put back on the market for what is worth with no rehab costs. I also come across much more lucrative deals.</p>
<p>Please contact me.</p>
<p>Tom Wiser, Realtor and Investor</p>
<p>615-828-4929</p>
<p><a href="mailto:tom.wiser@gmail.com">tom.wiser@gmail.com</a></p> Seeking Cash Buyer for Flag Hotel Deal!!!tag:realestatefinance.ning.com,2013-08-08:6517464:Topic:983232013-08-08T00:34:57.831ZLinda Kinghttps://realestatefinance.ning.com/profile/LindaKing
<p><span class="font-size-2"><strong>Hotel Investors dream deal:</strong></span></p>
<p>$9M Flag Hotel - <font size="2">Appraised Value of $24,000,000</font></p>
<p><font size="2">250 rooms, </font> <font size="2">Property is Cash flowing, </font> <font size="2">Hotel owner was unable to keep property and is currently averaging a 45% occupancy rate for a $2,8M net - With engaged owner or management company, hotel could see 100% occupancy very quickly!</font></p>
<p><font size="2">Area boost…</font></p>
<p><span class="font-size-2"><strong>Hotel Investors dream deal:</strong></span></p>
<p>$9M Flag Hotel - <font size="2">Appraised Value of $24,000,000</font></p>
<p><font size="2">250 rooms, </font> <font size="2">Property is Cash flowing, </font> <font size="2">Hotel owner was unable to keep property and is currently averaging a 45% occupancy rate for a $2,8M net - With engaged owner or management company, hotel could see 100% occupancy very quickly!</font></p>
<p><font size="2">Area boost downtown, golf, Air Force Base, University, medical centers and much more...</font></p>
<p><font size="2">$3.7M in improvements done in 2008 & 2010,</font> <font size="2">Pool and ammenities on property as well.</font></p>
<p><font size="2">Seeking direct Investor/Owner contact for now please - No Brokers or Agents - ONLY Direct Interests Please!</font></p>
<p>Email with you full contact information to <a href="mailto:linda.legacy.asset.solutions@gmail.com">linda.legacy.asset.solutions@gmail.com</a></p>
<p>Linda King - Legacy Asset Solutions</p> --14 Unit California Motel & Restaurant $50k OBO..Must Sell!!--tag:realestatefinance.ning.com,2013-07-04:6517464:Topic:842442013-07-04T01:34:10.735ZS Tuckerhttps://realestatefinance.ning.com/profile/STucker
<p><span>**Principals Only!**</span><br></br><br></br><span><<PLEASE READ FIRST>></span><br></br><br></br><span>This motel is currently operating and has potential for more income.</span><br></br><span>The rooms have been renovated in 2011.</span><br></br><span>The restaurant needs to be finished off and up to code. (No estimate for rehab)</span><br></br><span>There is no P&L sheet on this. (only have what the expenses are to keep running)</span><br></br><span>This is a As-Is sale</span><br></br><span>There is…</span></p>
<p><span>**Principals Only!**</span><br/><br/><span><<PLEASE READ FIRST>></span><br/><br/><span>This motel is currently operating and has potential for more income.</span><br/><span>The rooms have been renovated in 2011.</span><br/><span>The restaurant needs to be finished off and up to code. (No estimate for rehab)</span><br/><span>There is no P&L sheet on this. (only have what the expenses are to keep running)</span><br/><span>This is a As-Is sale</span><br/><span>There is management that takes cares & take payment of this is in place.</span><br/><span>Title & escrow is ready to go on this one.</span><br/><span>All buyers will be vetted, so please have LOI & POF in place.</span><br/><span>**No need to contact seller & buyer together because I"M THE SELLER....</span><br/><span>(314) 329-5616</span></p>
<p><a href="http://storage.ning.com/topology/rest/1.0/file/get/124762942?profile=original" target="_self"><img src="http://storage.ning.com/topology/rest/1.0/file/get/124762942?profile=original" width="328" class="align-right"/></a><a href="https://docs.google.com/presentation/d/1jIA8dV_Ki-I7SaDT0FydLIrwxC_F_uSl4LCLrxQgyMs/edit?goback=%2Egde_83060_member_252935525#slide=id.p" target="_blank">https://docs.google.com/presentation/d/1jIA8dV_Ki-I7SaDT0FydLIrwxC_F_uSl4LCLrxQgyMs/edit?goback=%2Egde_83060_member_252935525#slide=id.p</a></p> Request for Real Estete Loan of $18M for one year.tag:realestatefinance.ning.com,2013-04-29:6517464:Topic:693692013-04-29T03:33:48.586ZMatthew Segaalihttps://realestatefinance.ning.com/profile/MatthewSegaali
<p></p>
<div><font face="trebuchet ms, sans-serif" size="4">Allow me to introduce ourselves to you. My name is Matthew Segaali and I work for </font></div>
<div><font face="trebuchet ms, sans-serif" size="4">Ms Madona and Michael Inc. We are located on 47 Magnolia St. Malden Massachusetts 02148</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">We are Real Estate Investors and we have gone into contract with the buyers based in California USA and they are buying our three…</font></div>
<p></p>
<div><font face="trebuchet ms, sans-serif" size="4">Allow me to introduce ourselves to you. My name is Matthew Segaali and I work for </font></div>
<div><font face="trebuchet ms, sans-serif" size="4">Ms Madona and Michael Inc. We are located on 47 Magnolia St. Malden Massachusetts 02148</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">We are Real Estate Investors and we have gone into contract with the buyers based in California USA and they are buying our three executive single families each on 15,000 sq feet in Weston Massachusetts .Each house is sold at $6M and the three are $18M. They will pay for those houses in twelve months starting next month of May2013</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">They will not make the first payment when we have not executed the Letters of Credit in the amount of $18m. That one will act as the proof for them that their money will not be lost.We have the outstanding engineers and constructors in the country. </font></div>
<div><font face="trebuchet ms, sans-serif" size="4">Thus that is where we need to work with you ,have the LC for one year,they will not touch it or use. In case of any question,please e-mail me or call me on <a target="_blank">781-322-0141</a>.</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">We look forward to working with you.</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">Thanks</font></div>
<div><font face="trebuchet ms, sans-serif" size="4">Matthew Segaali</font></div>