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Forums » Commercial Real Estate Investing Forum » Financing Non-owner reidential 1-4 unit

Financing Non-owner reidential 1-4 unit Subscribe to Financing Non-owner reidential 1-4 unit

6 posts by 4 users

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Rob Beeman


Forum_avatar_avatar-gstone

Icon_minipost Nov 19 '09, 09:47 PM

Who does NON-HARD MONEY financing for non-owner 1-4 unit residential properties TITLED IN AN LLC either purchase or refi with a 660+ score? With and without rehab financing.

Edited: 06/26/2010 at 10:35AM


Mark Yuschak

Rehabber · Grand Blanc, Michigan


Forum_avatar_avatar-blackhawk99
Pro Basic

Icon_minipost Nov 19 '09, 10:46 PM

Finding a loan which meets all those requirements could be tough if you're only looking in conventional places (big banks).

I would shop your local market, namely credit unions.

Edited: 06/26/2010 at 10:35AM


Uwe S.

Real Estate Investor · Chemnitz, Saxonia


Forum_avatar_avatar-alag

Icon_minipost Nov 20 '09, 01:54 AM

Rob,

Where??

-Uwe

Edited: 06/26/2010 at 10:35AM


Steve Babiak

Real Estate Investor · Audubon, Pennsylvania


Forum_avatar_avatar-stevebabiak

Icon_minipost Nov 20 '09, 02:32 AM

Did anybody find it a bit odd that the OP has "Hard Money Mortgages" in his signature?

Edited: 06/26/2010 at 10:35AM


Uwe S.

Real Estate Investor · Chemnitz, Saxonia


Forum_avatar_avatar-alag

Icon_minipost Nov 20 '09, 03:24 AM

He seek Non-Hard Money ^^, just longer duration.

-Uwe

Edited: 06/26/2010 at 10:36AM


Rob Beeman


Forum_avatar_avatar-gstone

Icon_minipost Nov 27 '09, 08:40 AM

Uwe - to answer your question of where:
I have real estate investor contacts that purchase/refi NOO 1-4 units titled in LLC's in PA, NJ, CA, MS.

Some use hard money to purchase/rehab and then need an outlet to refi for lowering holding costs.

Others don't want to use hard money and seek a source for purchase/rehab (non-hard money)

Edited: 06/26/2010 at 10:39AM


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