Blanket loan needed for 20 single family homes all rented out - Real Estate Finance2024-03-29T05:47:27Zhttps://realestatefinance.ning.com/forum/topics/blanket-loan-needed-for-20-single-family-homes-all-rented-out?commentId=6517464%3AComment%3A193714&feed=yes&xn_auth=noYes we do look at your credit…tag:realestatefinance.ning.com,2014-11-29:6517464:Comment:2073842014-11-29T19:55:38.814ZFlerida Santanahttps://realestatefinance.ning.com/profile/FleridaSantana
<p>Yes we do look at your credit but the collateral, especially if income producing is the key to the deal. Give me a call at: 518 728 9659.</p>
<p>Yes we do look at your credit but the collateral, especially if income producing is the key to the deal. Give me a call at: 518 728 9659.</p> send me an email with detail…tag:realestatefinance.ning.com,2014-11-29:6517464:Comment:2076072014-11-29T01:19:14.609ZAlain Bwabreyhttps://realestatefinance.ning.com/profile/AlainBwabrey
<p>send me an email with detail at bwabrey@gmail.com</p>
<p>send me an email with detail at bwabrey@gmail.com</p> Greetings Art,
We offer renta…tag:realestatefinance.ning.com,2014-11-23:6517464:Comment:2066702014-11-23T17:01:54.697ZBob Greenhttps://realestatefinance.ning.com/profile/BobGreen
<div>Greetings Art,</div>
<div>We offer rental property financing for residential investment properties nationwide - No tax return required or personal debt to income counted against you. Bank rates/terms.</div>
<div>We make “asset-based” loans, which means we evaluate the cash flow of your rental property rather than your personal debt to income ratio.</div>
<div>Our typical client owns 5 or more units, and has been turned down by the bank due to insufficient income shown on their tax returns.…</div>
<div>Greetings Art,</div>
<div>We offer rental property financing for residential investment properties nationwide - No tax return required or personal debt to income counted against you. Bank rates/terms.</div>
<div>We make “asset-based” loans, which means we evaluate the cash flow of your rental property rather than your personal debt to income ratio.</div>
<div>Our typical client owns 5 or more units, and has been turned down by the bank due to insufficient income shown on their tax returns. We make it simple to qualify and use a common sense approach to approving your loan. Personal debts do not count against you.</div>
<div>Currently we have a 5 unit minimum - $500,000 loan minimum, or single unit property minimum of $75,000</div>
<div><b><u>The main difference's between us and a traditional bank.</u></b></div>
<div>1. We offer 10 year fixed rate/ 30 year amortizations. In general, banks only lend up to 5yr/20 amortizations</div>
<div>2. We offer non-recourse loans - Banks only recourse</div>
<div>3. We do not require tax returns and do not look at your personal debts. We only care about the cash flow of the property - With banking, there is something called global debt service ratio that can kill a deal very quickly because personal debts are counted against you.</div>
<div>4. We allow 90 day value seasoning from the day you close. This will allow you to cash out based on fair market value with out waiting 12 months, therefore leveraging the equity to buy more property sooner than later - Most banks will not allow you to leverage the equity until property is owned for 12 months</div>
<div>5. We do not care how many properties you own, we can finance as many as you would us like to.</div>
<div>6. Minimum FICO 660 - Most banks 700 and higher</div>
<div>7. Cash out for anything - Most banks want to know where the cash is going to be spent</div>
<div>8. Minimum Debt Service ratio 1.2% NO Global Debt Service Ratio. We only look at the asset- Traditional banking count personal debts against you</div>
<div>bob@realestatelender.info</div>
<div><a href="http://www.realestatelender.info" target="_blank">www.realestatelender.info</a></div>
<div>815.603.0720</div> We have hard money and blanke…tag:realestatefinance.ning.com,2014-09-01:6517464:Comment:1965312014-09-01T18:22:12.933ZMichael Austinhttps://realestatefinance.ning.com/profile/MichaelAustin
<p>We have <b>hard money</b> and <b>blanket loans</b> (cross collateralized commercial loans) available nationwide for experienced investors like yourself.</p>
<p>The <b>hard money</b> for fix and flips is at standard hard money rates but they have a very quick closing process for experienced investors.</p>
<p>The <b>blanket loans</b> have the following rate and terms:</p>
<ul>
<li>Average rate 6.5%</li>
<li>2 points origination</li>
<li>normally close in 45 days</li>
<li>5 and 10 year fixed…</li>
</ul>
<p>We have <b>hard money</b> and <b>blanket loans</b> (cross collateralized commercial loans) available nationwide for experienced investors like yourself.</p>
<p>The <b>hard money</b> for fix and flips is at standard hard money rates but they have a very quick closing process for experienced investors.</p>
<p>The <b>blanket loans</b> have the following rate and terms:</p>
<ul>
<li>Average rate 6.5%</li>
<li>2 points origination</li>
<li>normally close in 45 days</li>
<li>5 and 10 year fixed rate</li>
<li>Up to 30 year amortizations</li>
<li>Up to 75% Loan To Value</li>
<li>Up to a 1.20x Debt Service Coverage Ratio (DSCR)</li>
<li>Recourse and Nonrecourse</li>
<li>Minimum 5 properties</li>
<li>Minimum loan amount $500k</li>
<li>Consolidate all rental units in one loan: SFR, 2-4 family units, condos, townhomes, multifamily and mixed Use Commercial Properties</li>
</ul>
<p> </p>
<p>Please let me know if I can be of assistance.</p>
<p> </p>
<p>Sincerely,</p>
<p>Mike Austin</p>
<p> </p>
<p>Rock Castle Funding</p>
<p>mike@rockcastlegroup.com</p>
<p>office 336-306-5944</p>
<p>mobile 336-813-3457</p>
<p><a href="http://www.rockcastlegroup.com" target="_blank">www.rockcastlegroup.com</a></p> Hi Art Jackson,
Contact The F…tag:realestatefinance.ning.com,2014-08-26:6517464:Comment:1955592014-08-26T23:55:36.531ZMarvin Baptistehttps://realestatefinance.ning.com/profile/MarvinBaptiste
<p>Hi Art Jackson,</p>
<p>Contact The Financial Mall, LLC, regarding your need, <a href="mailto:info@thefinancialmall.biz">info@thefinancialmall.biz</a>.</p>
<p>Hi Art Jackson,</p>
<p>Contact The Financial Mall, LLC, regarding your need, <a href="mailto:info@thefinancialmall.biz">info@thefinancialmall.biz</a>.</p> Art I work with several lende…tag:realestatefinance.ning.com,2014-08-26:6517464:Comment:1955472014-08-26T23:01:01.217ZMike Haineshttps://realestatefinance.ning.com/profile/MikeHaines
<p>Art I work with several lenders that provide blanket loans. I would like to learn more about your project to see if their is a suitable fit. Please email me details at mike@visionglobalcapital.com.</p>
<p>Thank You,</p>
<p>Michael Haines</p>
<p></p>
<p></p>
<p>Art I work with several lenders that provide blanket loans. I would like to learn more about your project to see if their is a suitable fit. Please email me details at mike@visionglobalcapital.com.</p>
<p>Thank You,</p>
<p>Michael Haines</p>
<p></p>
<p></p> ok i will. Thankstag:realestatefinance.ning.com,2014-08-14:6517464:Comment:1935232014-08-14T18:03:51.225ZArt Jacksonhttps://realestatefinance.ning.com/profile/ArtJackson
<p>ok i will. Thanks</p>
<p>ok i will. Thanks</p> check your emailtag:realestatefinance.ning.com,2014-08-14:6517464:Comment:1936122014-08-14T18:00:20.197ZMckenley Washingtonhttps://realestatefinance.ning.com/profile/MckenleyWashington
<p>check your email</p>
<p>check your email</p> Mckenley, My name is Art Jac…tag:realestatefinance.ning.com,2014-08-14:6517464:Comment:1937142014-08-14T17:49:13.140ZArt Jacksonhttps://realestatefinance.ning.com/profile/ArtJackson
<p>Mckenley, My name is Art Jackson and my phone number is 814-475-2660. My email address is <a href="mailto:gennevapropertiesllc@gmail.com">gennevapropertiesllc@gmail.com</a>. Please send me an application. Does your company have a website i can visit? I look forward to hearing back from you. </p>
<p>Mckenley, My name is Art Jackson and my phone number is 814-475-2660. My email address is <a href="mailto:gennevapropertiesllc@gmail.com">gennevapropertiesllc@gmail.com</a>. Please send me an application. Does your company have a website i can visit? I look forward to hearing back from you. </p> Our data-base contains the le…tag:realestatefinance.ning.com,2014-08-14:6517464:Comment:1935142014-08-14T17:45:06.460ZMckenley Washingtonhttps://realestatefinance.ning.com/profile/MckenleyWashington
<div>Our data-base contains the lending requirements of more than 4,000 lenders carefully selected based on reputation, and their willingness to offer preferred pricing.</div>
<div>This includes banks, private lenders, venture capitalists and specialty lenders</div>
<div><div>•Up to five lenders that have “pre-approved” the loan are connected to you. Lenders generally contact clients within 24 to 48 hours for follow-up questions.</div>
<div>PERFECT FOR:</div>
<div> </div>
<div><div>Start…</div>
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<div>Our data-base contains the lending requirements of more than 4,000 lenders carefully selected based on reputation, and their willingness to offer preferred pricing.</div>
<div>This includes banks, private lenders, venture capitalists and specialty lenders</div>
<div><div>•Up to five lenders that have “pre-approved” the loan are connected to you. Lenders generally contact clients within 24 to 48 hours for follow-up questions.</div>
<div>PERFECT FOR:</div>
<div> </div>
<div><div>Start Ups</div>
<div>Working Capital</div>
<div>Installment Loans</div>
<div>Leasing</div>
<div>Factoring</div>
<div>Purchase Order</div>
<div>Real Estate</div>
<div>Private Capital</div>
<div> </div>
<div><div>•You pay NO UPFRONT FESS for our services. Lenders pay us upon closing</div>
<div>•Real-time data is available online.</div>
<div>•Negotiate for best terms/pricing</div>
<div>•More than 20 different types of loans available</div>
<div>•Depending on type & size of loan, funding generally takes three days to six weeks.</div>
<div>SEND ME YOUR NAME ,BEST CONTACT NUMBER AND EMAIL ADDRESS AND I WILL SEND YOU AN APPLICATION TO GET STARTED!</div>
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