Looking for a lender with 90%

[The Loan Center]

Hi all,

I have a client that would like to purchase a property to flip in Texas. He has great credit and completed 3 flips since 2021. He can only put down 10% and as a broker I have no option for a 90% flip loan without at least 10 flips the last 3 years. Any lenders here have 90% funding for a buyer with 3 flips in 3 years? If you do please post it here. Maybe it will help others looking for this type of funding too. Property is in Galveston.

Thanks,

Tony at the loan center

[jim flynn]

90% will be hard .  May be able to do:

GROUND UP CONSTRUCTION PROPERTY TYPE: Ground Up Construction Residential (1-4 units) LOAN: $50,000 - $5,000,000 TERM LENGTH: 12 months, Up to 18 at Lender Discretion MAX LTC: Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing MAX LOAN TO COST (TOTAL): 80% MAX LOAN TO ARV: 70% RECOURSE: Full Recourse Only

 

MULTIFAMILY BRIDGE PROPERTY TYPE: Small Balance Multifamily Residential (5+ units) LOAN: $500,000 - $5,000,000 TYPES: Interest Only | Fixed/ Adjustable Rate Mortgage options TERM LENGTH: Up to 24 months + Two 6-month extensions MIN GUARANTOR FICO: Mid-Score of 680 MAX LTC: Purchase Loans: 75% of Purchase/As-is Value + 100% of Rehab Costs Refinance Loans: 65% of As-is Value + 100% of Rehab Costs Cash out Refinance Loans: Subject to LTV guidelines based on mid FICO score MAX LOAN TO STABILIZED VALUE: Purchase/Rate-Term Refinance: 70% Cash out Refinance: 65% RECOURSE: Loans ≤ $2MM: Full Recourse Loans > $2MM: Full Recourse or Limited Recourse with bad-boy carveouts Completion Guaranty/Reserve Replenishment Guaranty when applicable

 

RENTAL PORTFOLIO PROPERTY TYPE: Single Family/2-4 Unit/ Townhomes/PUD/ Warrantable Condos 5-8 Unit Properties allowed up to 15% of loan amount LOAN: $150,000 - $50,000,000 TYPES: 30-yr Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) TERM LENGTH: 5, 10 & 30 Years

[The Loan Center]

Thanks for your reply. I have been able to find 85% financing but he has turned that down. Borrower is holding out for 90%. Hoping someone on here has the right product for him.

[Monty Yeager]

Hi Loan Center.

I own this website and I am right there with you. I can only do 90% LTV Rehab for an Investor with 8 or more flips/rental properties over the last 3 years. I was able to complete a Rehab loan last month in 16 days so if he decides to put 15% down I am happy to help and can close fast. There are thousands of lenders and mortgage brokers on this site so if the right person sees your post you may get lucky. My number is 208-794-7430 if I may ever be of service. Best of luck to you!

Monty

[WKL David]

Hi there :

Visit our US official company website below and apply online directly for your related funding request:

https://davidallencapital.com/?refcode=102714544

David Lee

https://davidallencapital.com/?refcode=102714544

https://davidwkleeglobalfunding.com

[WKL David]

USA DAC David Allen Capital Inc. Fund Your Growth Ideas
Fast Funding Solutions, Designed To Help Your Business Grow!
Funds for Businesses of All Sizes! Funding from $500 to $2 Million!

Funds for Businesses of All Sizes! Funding from $500 to $2 Million!