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Luis Montanez
  • Contractor
  • Marietta, GA
64
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174
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Will love to find financing on the following terms Does this exist or is it fantasy?

Luis Montanez
  • Contractor
  • Marietta, GA
Posted Feb 27 2015, 15:24

Hello Fellow investor,

I am brainstorming and have called all my local institutions, read all the junk provided by gurus, but other than private or hard money, could anyone please recommend or PM any big bank that lends under the following or similar terms?

*75% LTV (based on market value) Not LTC since I have not had the properties for more than 1 year. (one I have had for 11 mo the other only 4 mo)

*Estimated Market Value of both properties around $200k seeking $135K to $145k

*Both properties rented producing over $1.9k per month

*Seeking at a minimum, 25 year amortization with 10 year balloon payment.

*Properties held in an LLC and not reported on personal credit.

*both properties located in Georgia.

*I have 750+credit score and $100K+ regular salary

Thanks in advance for reading this post any any recommendations or suggestions

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