All Discussions Tagged 'financing' - Real Estate Finance2024-03-28T18:13:17Zhttps://realestatefinance.ning.com/forum/topic/listForTag?groupUrl=finance-business-investing&tag=financing&feed=yes&xn_auth=noTRUE 100% CLTV lending for real estate investors.tag:realestatefinance.ning.com,2019-03-18:6517464:Topic:3385952019-03-18T23:20:26.666ZEddie Starrhttps://realestatefinance.ning.com/profile/EddieStarr
<p>This is TRUE 100% CLTV for the purchase of residential and commercial real estate. Some may do a 50 (lender) / 30 (seller) / 20 (borrower), or require a minimum of 10% down (on $100,000, that is $10,000 you need down). If we offer you 50%, the seller carries 50%. If we offer 60%, the seller holds 40%. With our hard money/bridges, you don't need to put anything down!</p>
<p>We need you to provide:</p>
<p>- Clean title. Either you go through a title company, or the seller/rep provides you with…</p>
<p>This is TRUE 100% CLTV for the purchase of residential and commercial real estate. Some may do a 50 (lender) / 30 (seller) / 20 (borrower), or require a minimum of 10% down (on $100,000, that is $10,000 you need down). If we offer you 50%, the seller carries 50%. If we offer 60%, the seller holds 40%. With our hard money/bridges, you don't need to put anything down!</p>
<p>We need you to provide:</p>
<p>- Clean title. Either you go through a title company, or the seller/rep provides you with it.</p>
<p>- A recent appraisal; case by case max is 9 months.</p>
<p>- Closing costs. Remember, when you negotiate, you can ask for the seller to pay closing costs, aka, a seller credit.</p>
<p>- Doc Fee. This is our law firm's fee to put the papework together.</p>
<p>If you have a clean title, recent appraisal, and negotiate a seller credit, you only have a Doc Fee!</p>
<p>Lending criteria:</p>
<p>- We can lend from $100K - $3M; over 3M is case by case.</p>
<p>- Residentail and commercial real estate; if O/O, it must be for business only.</p>
<p>- Land must either be cash-flowing (ie, commercial parking lot), or there must be some type of real estate on it, up to 5A; no raw land/ground up construction.</p>
<p>- Your credit is only to set the interest rate. We've helped people with a FICO under 400, and with over 200 inquires.</p>
<p>- All 50 States, only.</p>
<p>Please call: 209-691-5393</p>
<p>9-5 PST</p>