Purchase and Rent and Hold

[Kay Vang-Thao]

I have a client that is a newbie and is buying her first investment property.  She is self-employed.  Looking for a Direct Lender that will do this type of loan in Minnesota.

She can do 20% to 30% down payment and should have 6 months reserve.  Starting off with a single family property. 

She is looking for a 30 yrs amortization and at least 2 yr to 3 yrs loan.  Prefer 30 years if possible. 

Credit is 720+.

[Jerry Starr]

well, why is she looking for 2-3 yrs ? is this a flip or buy and hold ?

pm me the details, if it makes sense ill do this deal.

[Mckenley Washington]

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www.mobilebusinessloan.com

[Kay Vang-Thao]

This is a buy and hold.  She is looking to start investing in real estate.  The property will be ready to rent.  No fixing.

[Reginald Truss]

Maybe I can help you with this, but I need info on the client.  You may have this loan already, but if not I hope to hear from you.

Reggie Truss

Visio Financial Services

[John Ness]

I have several direct lenders who would do this loan, please call me at 410-493-6272 or check my website at www.johnness.com 

[Helen Erickson]

I offer wide range of financial services to interested customer seeking loan to finance their expenses. My service is due at a very low & minimum rate of 5% to suit your needs. If you need a quick loan get back to me ASAP.

[Chris Tanael]

 

Hello,

My name is Christopher Tanael, 

   I work with Fund Loans a unique Jumbo lender in Encinitas, CA. We offer true "Make Sense" underwriting by taking into account our clients full financial picture. With this understanding we are able to offer tailored mortgage solutions that greatly increase the buying power and overall strength of the Self-Employed borrower. We offer this product on a limited basis, and depending on location as well as experience. We believe this product will be a great fit for your team to close Jumbo loans others cannot.

 Here are some highlights below:

• 60% DTI Owner Occ / NO DTI on Investment Prop.

• Investment/Primary properties to 75% LTV

• Foreign National to 70% LTV

• Qualify with Interest Only on Non Prime up to 75%LTV

• 5/1ARM, 7/1 ARM, 10/1 ARM, INTEREST ONLY

• Cross Collateralization- Asset Depletion -NO PREPAY

• LOW FICO SCORES ARE - OK -  

• Credit events accepted (FC,SS,BK)

• ALL RATES -- 5.49% - 7.99% I/O

• ALL Products - 30yr. Amortizing  5/1, 7/1, 10/1 ARMS

   NICHE'S

• BANK STATEMENTS- LLC. Corp. BUSINESS or PERSONAL

• $500,000 MIN to $10,000,000 MAX

• LOW FICO'S on JUMBO/SUPER JUMBO LOANS

• NO LIMIT ON CASH-OUT amount

• NO SEASONING on the right deals

• NO SEASONING on CREDIT EVENTS, BK, FC & Short Sale

• Less than 2 years SELF EMPLOYED & NEW SELF EMPLOYED

• In House/Manual UW for ALL Loans

• Residential Loans Only, SFR, condos, 1-4 units-

• Products: 70% - 75% LTV -up to -10 Million-

• 5.49% to 7.49% -  5 year Interest Only Loans

• No Pre Payment Penalties

TOP REASONS & YOUR ADVANTAGE

• Timing (Fast Closing)

• Human "Make Sense" underwriting 

• High DTI (I've done deals at 140 DTI, with traditional calculations*)

• Lend to a corporation

• Hard Money type lending guidelines with Alt A rates. 

• Interest Only option available

  MISSION

• Serve a misunderstood Jumbo & Super Jumbo market

• Fund "Make Sense" loans when Traditional channels will not.

• Understand & Listen to our clients story with an unbiased Human Approach.

• MAKE EXCEPTIONS based on COMPENSATING FACTORS

• < AND ACTUALLY FUND DEALS BECAUSE THEY MAKE SENSE> 

 

C H R I S T O P H E R   T A N A E L

Wholesale Account Executive

NMLS: # 1416783    [e-mail]

Office: 760.994.4014  FUNDLoans.com

[Jonthan Casillas]

[George Mallory]

Hello, we fund in all 50 states, up to 100% of the investment property purchase on a 70% ARV at a rate of 9%, funded in 10 days and you can refinance with us at a rate of 4% for 10 years to 15 years fixed or ARM, loan size $50,000 to $5M, no advance fees. Please contact me: George Mallory, underwriter, [phone], email: [e-mail] website: https://www.stanfordestatecapital.com/

 

Closed Loans that was 100% finance

 

Manhattan, New York, NY $4,500,000 hard money to perm loan use for construction of 12 condominium units

Manhattan, New York, NY $4,000,000 hard money for construction of 20,000 square feet mixed used building

Queens, New York $1,512,000 for construction of a five-unit condominium

Morristown, NJ $118,000 purchase and $20,000 rehab of a two-family short sale investment, 100% for the purchase, 70% ARV, refinance into a rental property at a 4% rate, current value $393,000.

Chicago, Northside Lake Front, IL $3,500,000 loan to acquire a 180-unit apartments 4 stores mixed used building

Chicago, Southside, IL $105,000 hard money to perm purchase and rehab of a 6-unit multifamily property, ARV $308,000

Macon, GA $249,000 for a real estate wholesaler to purchase and rehab two-story single family into a rental

Denver, CO $154,000 REO purchase for a two-family property

Reno, NV $304,000 purchase and rehab of a four-family rental