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Looking for a lender with 90%
Started this discussion. Last reply by WKL David Aug 28. 8 Replies 2 Likes
Hi all,I have a client that would like to purchase a property to flip in Texas. He has great credit and completed 3 flips since 2021. He can only put down 10% and as a broker I have no option for a…Continue
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Have a Rehab client looking for 90/100% loan for single family house near Indianapolis
I am looking for a source for 90% purchase funding with all renovations financed. The best I have through my own sources is 85%. Here are details:Home is off market. Client can purchase this house, currently vacant, for $395,000. In decent shape now but client would like to put on a new roof, add new laminate flooring throughout, paint interior and exterior, and upgrade front yard landscaping. Total cost to be approximately $48,000. ARV to be around $530,000. Client currently owns his own home…See More
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Thanks
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Residential Financing
This is a group for those seeking/providing information about residential financingSee More
"Thanks for your reply. I have been able to find 85% financing but he has turned that down. Borrower is holding out for 90%. Hoping someone on here has the right product for him."
"90% will be hard . May be able to do:
GROUND UP CONSTRUCTION PROPERTY TYPE: Ground Up Construction Residential (1-4 units) LOAN: $50,000 - $5,000,000 TERM LENGTH: 12 months, Up to 18 at Lender Discretion MAX LTC: Up to 75% of the lower of land…"
Looking for a lender with 90%
Hi all,I have a client that would like to purchase a property to flip in Texas. He has great credit and completed 3 flips since 2021. He can only put down 10% and as a broker I have no option for a 90% flip loan without at least 10 flips the last 3 years. Any lenders here have 90% funding for a buyer with 3 flips in 3 years? If you do please post it here. Maybe it will help others looking for this type of funding too. Property is in Galveston.Thanks,Tony at the loan centerSee More
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Have a Rehab client looking for 90/100% loan for single family house near Indianapolis
Posted on September 16, 2024 at 3:24pm 1 Comment 0 Likes
I am looking for a source for 90% purchase funding with all renovations financed. The best I have through my own sources is 85%. Here are details:
Home is off market. Client can purchase this house, currently vacant, for $395,000. In decent shape now but client would like to put on a new roof, add new laminate flooring throughout, paint interior and exterior, and upgrade front yard landscaping. Total cost to be approximately $48,000. ARV to be around $530,000.
Client currently…
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