Carlos Gomez's Comments

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At 11:19pm on January 21, 2021, Shana L Traver said…

Hey Carlos,

I am so sorry that I missed your message!! I originally had joined because I had learned that there is a lender here who's company frauded me and that was before I became a Private Money Lender myself. So, needless to say I wasn't checking for any messages. And, now I find that this space is good for me to be in...ironic

Anyway, the main company I broker for is Cogo Capital and their terms are

 Purchase Price 90%*
Rehab 100%*
Purchase Closing Costs 0%
*Total Not to Exceed L.T.V. 65%

Rehab 100%*
Closing Costs 0%
*Total Not to Exceed L.T.V. 65%
If cash out exceeds 10% of loan
amount, max LTV is 50%
Verification of 10% down at
acquisition required.

720+ 5+ 2% 12%
680-719 3-4 3% 13%
620-679 1-2 4% 14%
619 &Under 0 5% 15%

Buy Down of Points and Interest
Additional Cash to Close Points Points
5% -1% -1%
10% -2% -2%
15% -3% -3%

Although, with that said all I need to do is four more deals and I can get 100% across the board. No cash out of anyone's pocket if we partner the deals...I can't wait for that!!

shay@fundingunicorn.com

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