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
Tags:
90% will be hard . May be able to do:
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.
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
Hi there :
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David Lee
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Hi Tony,
New Silver can assist , please send me an email on callan@newsilver.com or visit our website www.newsilver.com
Happy to assist if and when possible
Thanks
Callan
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