Who has funding for multifamily properties?

[Amy Thornton]

This post is here for the many inquiries we get seeking multifamily funding. For those lenders and brokers on this website with funding for apartments, please respond and let me and everyone else here know what you have to offer!

Leaving LTV, credit score, and downpayment requirements would be great.

Thanks!

[Alfred Palafox]

Hi Amy, I hope you found what you found the lender you needed. I also have a program: (1) Rate 3.375% fixed   (2) Term 30/7  (3) 1.5 points max (4) LTV 75% (5) Fico 640 Multifamily and Commercial Loans.

New Program:  Subprime is back...  (1) 75% LTV  (2) Rate 7.5% fixed  (3) Term 30/7 converts to a positive ARM (4) Fico 550 BK, Foreclosure, Short sale, OK in the last 6 months (5) No Reserves OK..   80% LTV coming soon...

Let me know if I can help.. [e-mail]  or call me  626-201-0125

[S D Beck]

Hi Amy,

Please email me the details of your project/projects ([e-mail]).  I am sure that I am able to assist you with your funding request....  We bring funding to the table very quickly!!!  I look forward to working with you.

I have direct contact with over 400 lenders. Gas Stations and C-Stores, Commercial, Bridge Loans, Single Family, Multi-Family, Flippers, Hotels, etc....  We have funding for every need!!!

Thank you,

Sherry

[Jon Gregory]

How are you? We have financed several multifamily properties this year. We can do 70% to 75% LTV depending on the market and loan size. You are looking at spreads of 220 to 280 over swap  depending on the market the asset is located in. Debt yield of 9 to 10. If you give me more information of what you guys are looking for I can get back to you with more information. 

Jon Gregory

[e-mail]

[Monique Rene Coates]

Hi Amy,

I have several good sources of funding for your project,

some with LTV up to 100%. Look forward to your contact.

Thank you,

Monique Rene'  ([e-mail])

[Stephanie Adkins]

Hi Amy. Marcus & Millichap Capital Corporation has many sources agency and non-agency.

Please call Stephanie Adkins, Associate Director, in Houston at 713-292-7192 for information.

[Ray Antonelli]

Hi Amy

Just great credit

Stated Income

No seasoning

100% LTVs

Call for any other details

216 337 7520

True Alternative Financing

Unsecured Business Lines of Credit

100% Startup Financing

 

Unsecured business lines of credit for any reason.
The credit requirements are stringent.  However if a client or a guarantor on behalf of the client meets the requirements, initial financing would be in place

within 2 weeks of application. 
The funds can be used anywhere for anything. However, the client must be USA based.
There are no up front fees.

If you go to the web site below to get a  snapshot of your credit and scores

Then download and send the reports to me for analysis.

http://www.creditchecktotal.com/

This site offers a 1 dollar trial for 9 days. It’s the least expensive option to get all 3 scores with reports. We use Credit Check Total because it is run by Experian which is one of the 3 big credit reporting agencies. Just download the reports and scores in PDF format or email me the username and password you set up so I can access the site to confirm the details.

 

Another important detail:  Because the client is pulling his or her own credit it’s treated as a “soft” pull. If I as a mortgage professional pull credit it’s a hard pull, lowers the score a little and puts an “inquiry” in the report. Too many inquiries is a bad thing on any credit report.

Once this is accomplished we help the client fill out a questionnaire that is the basis of the applications that are sent to the various lenders for approval. 

Our program usually starts at 50K. If the credit is really good 100K in the first round is possible.  If the total desired amount is 200K for example, we simply “rinse and repeat” until the total is reached.

I was a client and opened multiple lines of credit before I started helping clients qualify for this program so I know first hand that this method of financing is very real. Feel free to call or email for any additional help or info.

Call Today

Ray Antonelli; Credit Expert;  [e-mail]

Celebrating 16 years of loan origination**** Connect on Linkedin

216 337 7520 Cell ** 440 461 6760 Office ** 877 870 4720 Fax

[Marie]

I do.

[Michael Boggiano]

Amy,

There has been a tremendous response from brokers and lenders to this post. What is the process to be refer one of the leads that you receive seeking multifamily financing?

 

[Michael Golomb]

Michael,

Hope all is well. i am a broker with Eastern Union Funding. We are currently number one in the country on a transaction basis averaging over 300MM a month in closings as well as 300MM in new business. I would love to be able to get on a call with you and see if we can fit your needs.

Thank you,

Michael Golomb

C-917-568-1667

E- [e-mail]

[Auriel Streit]

Hello, 

We are a direct private bridge lending company.  Our preferred property type to lend against is multifamily.  I am very interested in learning more about your business and exploring ways we can work together.  Do you have some time for a call in the next few days?  I can be reached at either 818-787-6940 or [e-mail].  Also, please visit our website for more information: http://www.streitlending.com/

 In the meantime, here is a brief summary of our lending parameters: 

Financing Types:  First and Second Trust Deeds. 

Loan Types:  Acquisitions, Refinances, Rehabs, Bank Turn-Downs, Discounted Note Payoffs, REO Purchases, Bankruptcy Exits, Ground-Up Construction (CA only) and more.

​Location:  Major Metro Areas in California, the Western, Midwestern & Southern United States. 

Property Type:  Residential and commercial properties.

Loan Amounts:  $300,000 - $5,000,000.

Loan to Value:  Generally up to 60%. Higher selectively.

Interest Rates:  Starting at 8%.

​Term:  1-2 years.

Please let me know about a time to speak and if you have any questions for us.  I look forward to hearing from us soon.

Regards,

Auriel Streit

[Ben Asser]

Asset based lending is the new way to get funding for real estate investments; flips, rehabs, multifamily, and commercial!

If you are looking for funding for investment properties, I work with Private Money Exchange, who gives loans to investors based on the criteria of the property. There’s no credit check, the loan is based on income, ability to pay and the value of the property. You can use this for the whole purchase or use it to finance a down payment for a conventional loan.

65% LTV, 6 months-2 years

Here is the link to my page: http://www.privatemoneyexchange.com/Bjacks/

Feel free to contact me at [e-mail] for more information.

If there’s a contract on a property you may be able to get funding in 3-5 days.

[Frank Jahoda]

Do yu really want us to put up 35% of the purchase of an undervalued property???  If we had the cash,  we wouldn't need you/