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We have many different lenders that offer financing for new investors, seasoned investors and everybody in between. New Investors tend to have higher rates until experience is gathered, unless they are partnered with more experienced investors
Yes. We have institutional lenders, and local private lenders depending on the deal, your best option may vary case by case
Conventional financing (banks) require certain levels of income, DTI, and employment to qualify. The private lending sector (non-qm), relies simply on the Asset being used in the deal, the borrowers credit score and the cash flow of the property. Private lending is often utilized by self-employed and seasoned investors to scale an investment business or portfolio.
Some lower rate lenders may offer 20-25 year terms, others offer 30-year terms for purchase and Refi
No. Because of this, investors are able to grow their portfolios quicker and not have any set backs regarding credit or mortgage DTI issues.
No.
Some lenders do not have a seasoning period. Typically the seasoning period is 3 months, but we can start the process at 2 months. 2023 has been converting to longer seasoning periods with 6 months starting to show up with some lenders
620-640
$50k for single assets and $40k per door for commercial properties.
75-80% for cash-out refinance
80% for purchase
Yes.
Yes.
Yes.
Add a Minimum value of $50k per property with a minimum of 2 properties bundled together in the deal. n answer to this item.
Typically 3-4 weeks.
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