Flatiron realty capital

Flatiron realty capital

Rental Property Investor · Orchard Park NY · Member since 2018 · 17 posts · 3 votes

Has anyone used the direct money lender FlatIron Realty Capital out of NY before? If so what are the pro’s and con’s in dealing with them? Thanks

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  • Rental Property Investor · Vancouver, WA · Member since 2014 · 68 posts · 37 votes
    5y

    @Scott Rauch my guy is in conversation with them. No deals yet. Do you have updates?

  • Rental Property Investor · Orchard Park NY · Member since 2018 · 17 posts · 3 votes
    5y

    @Sandra Regnell No we didn't end up using them. You can only borrow if you have an llc. I don't have an llc just have great liability coverage on my properties. Costs of doing the loan seemed high with the added points along with the interest rate. Instead I opened a HELOC from my personal property that gives me access to cash. Good luck and let me know how it works out for you.

  • Investor · Houston, TX · Member since 2018 · 16 posts · 4 votes
    5y

    @Sandra Regnell how’d the process go for you? We’re looking at using them & would be curious about your experience. Thanks!

  • Member since 2020 · 3 posts · 2 votes
    4y

    anyone have any input? Going through underwriting with them now on a 30 year fixed on a commercial multi-fam property. Interest rate seems good not sure how hard they'll be with points

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