Need funding for a buy and hold rental property
I have a property I would like to purchase in Naples, Fl. Purchase price is just over $400,000. I will be putting down 20%. I want to find the lowest interest rate possible for long term financing, ideally 30 years but I would consider a 7 or 10 year ARM if the rate was lower.
I am an experienced investor and currently own several rentals. My credit scores are 728, 714, 688. Debt ratio is an issue since I own so many properties so I cannot use my own bank.
Who can offer me the lowest interest rate on this loan?
JC
Replies to This Discussion
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Permalink Reply by Chad Davis on
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Hey Jamie - We can assist with this. Feel free to contact me chad@pimlicogroup.com
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Permalink Reply by Nick Hubbard on
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Hey Jamie,
Reach out, I can get this done!
Long-Term Rental Loans
5/1 ARM (4.75%+) | 7/1 ARM (4.99%+) | 10/1 ARM (5.25%+)
- 30-year amortized loans with fixed initial interest-only payment period
- Reasonable underwriting on cash flow requirements
- Min. FICO: 600
- Up to 80% LTV (Purchase, Rate and Term Refinance, Cash-Out, Refinance)
- Stabilized rental properties (leased or soon-to-be leased)
- No DTI requirements for borrower
Nick Hubbard | Managing Partner
e: nick@nathancapgroup.com
o: 314-252-0299
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Permalink Reply by Stephen Mitchell on
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"Hi Jamie: I believe I can help you. My name is Stephen Mitchell and I am a commercial mortgage broker with great relationships with lenders for these type of deals. I have been doing this for 20 years. If you haven't secured financing, email me.
Amckapropertyinvestments@gmail.com
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Permalink Reply by Reginald Truss on
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Jamie, before I can tell you anything I need more info from you. Contact me loanfather336@gmail.com. Hope to hear from you, but I doubt it.
Reggie Truss
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Permalink Reply by Jamie Cafaro on
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Hi everyone. Thank you for your responses! I put this property under contract last Friday and ended up using financing from a lender in Florida. Rate is not great and I will be refinancing the property next year but I had to get under contract quick so I made a quick decision. I will probably post again when it is time to refinance this into a permanent long term loan.
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Permalink Reply by Andrews Bryan Lee on
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I am solely responsible for investment and loan funds through a diversified investment strategy, targeting positive capital returns through a global expansive portfolio, hence their interest in seeking possible collaboration with a capable private individual or firm globally.
Loan Arranger Limited intends to invest the sum of €1,000,000,000.00 (One Billion Euros) in areas of agriculture, mining, manufacturing, Aviation, construction, Real estates etc, as well as any business you consider viable with good return on Investment (ROI). We are ready to invest in project developments and business ventures that can generate at least 5% Annual Return on Investment (ROI) per annum.
We will be glad to partner with you in any viable project initiative within our scope of funding. If interested please write to me for possible business collaboration, you can send us an email on;
Kind regards,
John W. Muritu
Investment Fund Manager
Loan Arranger Limited
29 Cuthbert Road, Croydon Surrey
United Kingdom.
Phone: +44(745)127-2298
Fax (978) 806 2832
E-mail: loanarrangerltd@mail.com
support@loanarrangerltd.com
Website: https://www.loanarrangerltd.com
Incorporation Date: 26-Nov-1997
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Permalink Reply by WKL David on
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We HAVE hundreds of NON BANK lenders and finance groups resources BOTH USA , CANADA AND WORLDWIDE who can finance start-ups, acquisitions ( where the borrower has little cash to contribute) and debt restructuring for troubled companies in most countries, with or without hard assets.The money sources that we have are generally NON BANK lenders that provide financing to companies and individuals seeking commercial financing who cannot obtain adequate capital to grow or run their business.We will review and analyze the clients funding request and then seek to find an appropriate funding source from the hundreds we have to provide the requested funding.* An old joke goes; 'You can get as much money as you need from a bank as long as you can prove you don't need it'. Otherwise, you may need our help or services.*ON ANY FUNDING TRANSACTION TO START, WE SIMPLY NEED THE FOLLOWING QUESTIONS ANSWERED:1] THE CITY AND STATE ( OR COUNTRY) WHERE THE TRANSACTION IS LOCATED? ___________________________2] HOW MUCH CAPITAL IS BEING REQUESTED? _______________________________________3] WHAT ARE THE FUNDS NEEDED FOR:A] TO START A BUSINESS ? YES ______ NO ______B] ARE THE FUNDS NEEDED TO EXPAND, IMPROVE OR REFINANCE AN ALREADY OWNED OPERATING BUSINESS?YES ______ NO ______C] IF YES TO THE ABOVE QUESTION WHAT KIND OF BUSINESS? _____________________________________D] ARE THE FUNDS NEEDED TO BUY AN OPERATING BUSINESS? YES ______ NO ______E] IF AN ACQUISITION, WHAT SPECIFIC TYPE OF BUSINESS IS BEING ACQUIRED? _____________________________F] ARE THE FUNDS NEEDED TO BUILD A START-UP PROJECT OF SOME KIND ? YES ______ NO ______* Once answered we can then initially forward to you the correct funding application document /worksheet to be completed, which will allow us to provide the best financing terms *Wish All The Best And Stay Safe !!
Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bliley Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
Please NOTE: This message is privileged, confidential and is intended for information purposes only. The above and/or attached information is for private transactions that are available between the principal entities involved. This is not intended to be, and must not be construed to be in any form or manner as a solicitation of investment funds or a securities offering.
***CONFIDENTIALITY STATEMENT: This message together with any attachments contained in the email is confidential and may also be privileged. The information is intended only for the use of the individual or individuals, or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication and/or attachments is strictly prohibited. If you have received this email in error, please immediately notify us by forwarding the message to davidwklee@davidwkleeglobalfunding.com and deleting the original message. Thank you.***
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Permalink Reply by Debbie Mclnney on
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Do you want Fast and Easy Loans check www.globalfund-hk.com or email info@globalfund-hk.com
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We HAVE hundreds of NON BANK lenders and finance groups resources BOTH USA , CANADA AND WORLDWIDE who can finance start-ups, acquisitions ( where the borrower has little cash to contribute) and debt restructuring for troubled companies in most countries, with or without hard assets.The money sources that we have are generally NON BANK lenders that provide financing to companies and individuals seeking commercial financing who cannot obtain adequate capital to grow or run their business.We will review and analyze the clients funding request and then seek to find an appropriate funding source from the hundreds we have to provide the requested funding.* An old joke goes; 'You can get as much money as you need from a bank as long as you can prove you don't need it'. Otherwise, you may need our help or services.*ON ANY FUNDING TRANSACTION TO START, WE SIMPLY NEED THE FOLLOWING QUESTIONS ANSWERED:1] THE CITY AND STATE ( OR COUNTRY) WHERE THE TRANSACTION IS LOCATED? ___________________________2] HOW MUCH CAPITAL IS BEING REQUESTED? _______________________________________3] WHAT ARE THE FUNDS NEEDED FOR:A] TO START A BUSINESS ? YES ______ NO ______B] ARE THE FUNDS NEEDED TO EXPAND, IMPROVE OR REFINANCE AN ALREADY OWNED OPERATING BUSINESS?YES ______ NO ______C] IF YES TO THE ABOVE QUESTION WHAT KIND OF BUSINESS? _____________________________________D] ARE THE FUNDS NEEDED TO BUY AN OPERATING BUSINESS? YES ______ NO ______E] IF AN ACQUISITION, WHAT SPECIFIC TYPE OF BUSINESS IS BEING ACQUIRED? _____________________________F] ARE THE FUNDS NEEDED TO BUILD A START-UP PROJECT OF SOME KIND ? YES ______ NO ______* Once answered we can then initially forward to you the correct funding application document /worksheet to be completed, which will allow us to provide the best financing terms *Wish All The Best And Stay Safe !!
Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bliley Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
Please NOTE: This message is privileged, confidential and is intended for information purposes only. The above and/or attached information is for private transactions that are available between the principal entities involved. This is not intended to be, and must not be construed to be in any form or manner as a solicitation of investment funds or a securities offering.
***CONFIDENTIALITY STATEMENT: This message together with any attachments contained in the email is confidential and may also be privileged. The information is intended only for the use of the individual or individuals, or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication and/or attachments is strictly prohibited. If you have received this email in error, please immediately notify us by forwarding the message to davidwklee@davidwkleeglobalfunding.com and deleting the original message. Thank you.***
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INTRODUCTION* FEL - Our Funding Source In New York USA *Our funding source in New York USA can arrange alternative financing for non-bankable commercial transactions throughout the United States as well as internationally.Functioning as a national clearinghouse, our funding source in New York USA represents hundreds of NON BANK lenders and finance groups who can finance start-ups, acquisitions ( where the borrower has little cash to contribute) and debt restructuring for troubled companies in most countries, with or without hard assets.Our funding source in New York USA has NO upfront fees. They will review and analyze the clients funding request at their expense and then seek to find an appropriate funding source from the hundreds they represent to provide the requested funding. ONLY after this process and ONLY if they are able to find a funding source who will give them specific financing terms based on the representations made by the client about their particular deal, will they present a proposal to the client along with their broker fee agreement. At this point, the client can decide if they want to proceed with the specific terms and conditions offered by a specific funding source they are presenting to them and thus proceed to retain them to move forward. They ALWAYS will refund the retainer if they or the funding source are unable to honor the agreement.*The retainer fee is typically $2,500 to $3,500 and is REFUNDABLE if they fail to perform as agreed. On transactions over $25 million or certain type transactions using bond financing the retainer is generally $5,000.*The retainer is credited against the closing fee, which typically will be between 1 and 5 points. A small transaction of $100,000 would generally warrant a 5-point fee while a large transaction of $100,000,000 would typically call for a 1 point fee** BBB accredited business *A+Accredited Since: 2011Years in Business: 26*They are Accredited by the Better Business Bureau which, among other things, means that they have not had even ONE unresolved or unanswered complaint in all of their years in business having serviced thousands of clients*Types of Funding Provided* revolving credit lines* secured bridge financing* purchase order financing* acquisition financing* inventory loans* DIP and Exit financing* cash flow loans* real estate financing* loans against selected gemstones and artwork* loans against negotiable instruments including LC's, SBLC's, BG's and Bank Drafts* international real estate* conventional factoring and AR financing* asset based loans* letter of credit financing* funding for healthcare providers* equipment financing* real estate JV equity participation* 100% Financing for domestic and international construction loans of $1 Million +* mezzanine financing* SBA loans* 100% International Project Financing* Film Financing* Land Loans* small construction bridge loans* Micro Unsecured Business Loans as low as $5,000 up to $500,000 ( NOT a merchant cash advance )* Church Financing* Loans for cash flowing non bankable companies secured by patents or trademarks etc.Pricing* Prime rate to prime plus 2% on most debt financing transactions.* 1% per month and higher on discount factoring* 1% per month and higher on purchase order financing* 3% to 12% per annum on real estate transactionsTimeline to Closing* Bridge loans completed within one week to three weeks* Most other transactions 30 to 45 daysFunding Size$25,000 (USA) & $1,000,000 ( International ) and uptypical transactions range from $500,000 up to $500,000,000ON ANY FUNDING TRANSACTION TO START, WE SIMPLY NEED THE FOLLOWING QUESTIONS ANSWERED:1] THE CITY AND STATE ( OR COUNTRY) WHERE THE TRANSACTION IS LOCATED? ___________________________2] HOW MUCH CAPITAL IS BEING REQUESTED? _______________________________________3] WHAT ARE THE FUNDS NEEDED FOR:A] TO START A BUSINESS ? YES ______ NO ______B] ARE THE FUNDS NEEDED TO EXPAND, IMPROVE OR REFINANCE AN ALREADY OWNED OPERATING BUSINESS?YES ______ NO ______C] IF YES TO THE ABOVE QUESTION WHAT KIND OF BUSINESS? _____________________________________D] ARE THE FUNDS NEEDED TO BUY AN OPERATING BUSINESS? YES ______ NO ______E] IF AN ACQUISITION, WHAT SPECIFIC TYPE OF BUSINESS IS BEING ACQUIRED? _____________________________F] ARE THE FUNDS NEEDED TO BUILD A START-UP PROJECT OF SOME KIND ? YES ______ NO ______* Once answered we can then initially forward to you the correct funding application document /worksheet to be completed, which will allow us to provide the best financing terms *Wish All The Best And Stay Safe !!
Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bliley Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
Please NOTE: This message is privileged, confidential and is intended for information purposes only. The above and/or attached information is for private transactions that are available between the principal entities involved. This is not intended to be, and must not be construed to be in any form or manner as a solicitation of investment funds or a securities offering.
***CONFIDENTIALITY STATEMENT: This message together with any attachments contained in the email is confidential and may also be privileged. The information is intended only for the use of the individual or individuals, or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication and/or attachments is strictly prohibited. If you have received this email in error, please immediately notify us by forwarding the message to davidwklee@davidwkleeglobalfunding.com and deleting the original message. Thank you.***
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