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Private Lending & Conventional Mortgage Advice

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6
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2
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Austin Scott
  • Lender
  • Northern California
2
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6
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Arizona 1-4 unit resi investor property permanent financing

Austin Scott
  • Lender
  • Northern California
Posted Jul 27 2022, 16:44

Title says it all. We are considering a few new projects and are looking to compare our options for take out financing. Prefer a 5 or 7 ARM. LTV 65-75%

Not my typical product type for this market and just looking to compare options. I am speaking with some of the "Network" options as well. Hoping to find someone local that will give us a better deal

If you have anyone you can recommend please do

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39
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18
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Mike Singer
  • Lender
  • Dana Point, CA
18
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39
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Mike Singer
  • Lender
  • Dana Point, CA
Replied Jul 27 2022, 16:53

DM sent. I'd love to connect with you on this. 

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22
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21
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Madeline Malinovsky
  • Lender
  • TX CA AZ MA
21
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22
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Madeline Malinovsky
  • Lender
  • TX CA AZ MA
Replied Jul 27 2022, 17:15

DM sent as well. We'd love to help out!

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User Stats

6
Posts
2
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Austin Scott
  • Lender
  • Northern California
2
Votes |
6
Posts
Austin Scott
  • Lender
  • Northern California
Replied Jul 27 2022, 17:39

Thank you both!

@Madeline Malinovsky & @Mike Singer

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3,205
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Robin Simon#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
3,205
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3,220
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Robin Simon#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied Jul 27 2022, 19:14

Would love to potentially help as well. Are you looking to BRRRR (rehab and refinance into the perm)?

User Stats

6
Posts
2
Votes
Austin Scott
  • Lender
  • Northern California
2
Votes |
6
Posts
Austin Scott
  • Lender
  • Northern California
Replied Jul 27 2022, 22:47

Thanks Robin! Look forward to speaking with you

Shout out to the community here. Got a ton of great feed back within just a few hours

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521
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280
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Grant Schroeder
Pro Member
  • Lender
  • OR ID AZ CA WA CO NV TN
280
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521
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Grant Schroeder
Pro Member
  • Lender
  • OR ID AZ CA WA CO NV TN
Replied Aug 3 2022, 06:29

@Austin Scott

Academy Mortgage can go 10% down and no MI on 1-4 unit investment properties since we portfolio the loan on our own books. It would be a 30 year fixed not an ARM But rates are mid 5s right now and you could potentially take down more properties in AZ with less out of pocket.

  • Lender Nevada (#1914590), Colorado (#1914590), Washington (#1914590), Tennessee (#1914590), Arizona (#AZ LO-1022753), Arizona (#1914590), Oregon (#1914590), Idaho (#1914590), and California (#1914590)

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147
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57
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Allie Pfannenstiel
  • Real Estate Agent
  • Scottsdale, AZ
57
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147
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Allie Pfannenstiel
  • Real Estate Agent
  • Scottsdale, AZ
Replied Sep 3 2022, 06:57

I used First Bank to buy my 5 plex this year.