Tom Harrier's Blog – September 2014 Archive (2)

Bank Financing for Multi-family, very aggressive lender, great rates!

Overview:  Borrowers will find a wide array of financing options for Multi-family.  We deliver flexible financing programs in multifamily markets throughout the United States with at least 5 units.

  • Loan amounts from $250,000 - $10,000,000
  • Adjustable 3,5,7 and 10 year hybrid loan
  • Maximum LTV 75% depending on the quality and program
  • Minimum 680 credit score
  • Minimum 1.25 DCR to $1 debt
  • Territory Nationwide…
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Added by Tom Harrier on September 18, 2014 at 1:04pm — No Comments

HARD MONEY LOANS, BAD Credit is NEVER an issue, because we don't check it! Loans from $20,000 - $200,000 FAST CLOSINGS

The program highlights are:

  • Investors only
  • No credit, income or asset verifications
  • Purchase and refinance loan amounts from $20,000 to $200,000
  • 35% down payment on purchase price; 50% loan to value on refinance loans
  • Properties must be single family residences (1-4 units); no manufactured homes, condos, log homes, vacant land or commercial properties
  • Appraisal costs are the ONLY upfront fees and these costs will vary by state and…
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Added by Tom Harrier on September 18, 2014 at 12:48pm — 1 Comment

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