Looking for mortgage consultants to help me choose better

Member since 2020 · 33 posts · 10 votes

Hi, I have multiple projects in progress, like syndication and a fund alike. The fund is focused on buying single families, and the syndicate setup is for multifamilies. In talking with lenders and brokers, I am getting all sorts of wide ranges of terms and was wondering if there are any mortgage consultants on BP I can talk with.

Any recommendations?

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Chris SeveneyBusiness Member

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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes

@Victor Lee

@Upen Patel is someone who has been around for a long time and can advise as well as tell you what products they have

7e investments53 Reviews

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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
4y
@Victor Lee
@Upen Patel is someone who has been around for a long time and can advise as well as tell you what products they have
7e investments53 Reviews
Website View Page
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Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
4y
Quote from @Victor Lee:

Hi, I have multiple projects in progress, like syndication and a fund alike. The fund is focused on buying single families, and the syndicate setup is for multifamilies. In talking with lenders and brokers, I am getting all sorts of wide ranges of terms and was wondering if there are any mortgage consultants on BP I can talk with.
Any recommendations?

Happy to connect.
[email protected]818-269-7983
LuxePrivate Investments LLC 572 Reviews
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Caroline Gerardo
Lender · Washington DC · Member since 2015 · 2k+ posts · 2k+ votes
4y
Quote from @Victor Lee:

Hi, I have multiple projects in progress, like syndication and a fund alike. The fund is focused on buying single families, and the syndicate setup is for multifamilies. In talking with lenders and brokers, I am getting all sorts of wide ranges of terms and was wondering if there are any mortgage consultants on BP I can talk with.
Any recommendations?
You cannot get conventional loans with a fund or syndication structure. Multi family wants a live person who owns predominant shares of the LLC and everyone needs identification, tax ID numbers in US and pays state or local taxes. Loans are recourse. With single family you cannot hide the ownership with a loan, if you get a loan ID is required and anyone can subpoena the lender or title company.
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