Looking for Great Lenders in West Virginia

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  • Bobby FeinmanBusiness Member
    Lender · VA Beach, VA · Member since 2019 · 948 posts · 93 votes
    3y

    @Hunter Ferrari

    What types of loans are you looking for and in what areas of WV ?

    [email protected]757-222-5937
    0Reply
  • Hunter FerrariPro Member
    OP
    Real Estate Agent · Charleston, WV · Member since 2020 · 18 posts · 8 votes
    3y
    Quote from @Bobby Feinman:

    @Hunter Ferrari

    What types of loans are you looking for and in what areas of WV ?


     Buying multifamily investment properties. Looking for something with a lower down payment, preferably 20-30 year term, and a fixed rate. The bank I am working with currently has been offering 15%, 20 year, arms that change every 5 years. I will primarily be investing in the Charleston and Huntington areas. 

    [email protected]304-541-2113
    0Reply
  • Bobby FeinmanBusiness Member
    Lender · VA Beach, VA · Member since 2019 · 948 posts · 93 votes
    3y

    how many units? purchase price range? will rehab be needed? if so, average rehab budget?

    [email protected]757-222-5937
    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Hunter Ferrari:
    Quote from @Bobby Feinman:

    @Hunter Ferrari

    What types of loans are you looking for and in what areas of WV ?


     Buying multifamily investment properties. Looking for something with a lower down payment, preferably 20-30 year term, and a fixed rate. The bank I am working with currently has been offering 15%, 20 year, arms that change every 5 years. I will primarily be investing in the Charleston and Huntington areas. 


    Some DSCR lenders can offer pretty nice terms up to 8/10 units, rates may be a bit higher but will come with fixed 30-year terms, including options to do IO for the first 10 years. Probably an easier qualification on the DSCR side as well as no tax returns/income verification/DTI vs. what a lot of banks may require

    [email protected]
    Harpoon Capital515 Reviews
    WebsiteView Page
    0Reply
  • Hunter FerrariPro Member
    OP
    Real Estate Agent · Charleston, WV · Member since 2020 · 18 posts · 8 votes
    3y
    Quote from @Bobby Feinman:

    how many units? purchase price range? will rehab be needed? if so, average rehab budget?


    This property has two, 3 bed/2 bath apartments and then two commercial spaces that are rented by long term tenants. Price is $445,000 and will not need any rehab.

    [email protected]304-541-2113
    0Reply
  • Hunter FerrariPro Member
    OP
    Real Estate Agent · Charleston, WV · Member since 2020 · 18 posts · 8 votes
    3y
    Quote from @Robin Simon:
    Quote from @Hunter Ferrari:
    Quote from @Bobby Feinman:

    @Hunter Ferrari

    What types of loans are you looking for and in what areas of WV ?


     Buying multifamily investment properties. Looking for something with a lower down payment, preferably 20-30 year term, and a fixed rate. The bank I am working with currently has been offering 15%, 20 year, arms that change every 5 years. I will primarily be investing in the Charleston and Huntington areas. 


    Some DSCR lenders can offer pretty nice terms up to 8/10 units, rates may be a bit higher but will come with fixed 30-year terms, including options to do IO for the first 10 years. Probably an easier qualification on the DSCR side as well as no tax returns/income verification/DTI vs. what a lot of banks may require

    Does Easy Street offer DSCR?

    [email protected]304-541-2113
    0Reply
  • Bobby FeinmanBusiness Member
    Lender · VA Beach, VA · Member since 2019 · 948 posts · 93 votes
    3y
    Quote from @Hunter Ferrari:
    Quote from @Bobby Feinman:

    how many units? purchase price range? will rehab be needed? if so, average rehab budget?


    This property has two, 3 bed/2 bath apartments and then two commercial spaces that are rented by long term tenants. Price is $445,000 and will not need any rehab.


     I can help you with a longer term of 30 years. Don't think I can help with a lower down payment. In fact, I think it will be more than that. Email me the specifics of the deal please and let me take a look at it.

    [email protected]757-222-5937
    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Hunter Ferrari:
    Quote from @Robin Simon:
    Quote from @Hunter Ferrari:
    Quote from @Bobby Feinman:

    @Hunter Ferrari

    What types of loans are you looking for and in what areas of WV ?


     Buying multifamily investment properties. Looking for something with a lower down payment, preferably 20-30 year term, and a fixed rate. The bank I am working with currently has been offering 15%, 20 year, arms that change every 5 years. I will primarily be investing in the Charleston and Huntington areas. 


    Some DSCR lenders can offer pretty nice terms up to 8/10 units, rates may be a bit higher but will come with fixed 30-year terms, including options to do IO for the first 10 years. Probably an easier qualification on the DSCR side as well as no tax returns/income verification/DTI vs. what a lot of banks may require

    Does Easy Street offer DSCR?


     Yes

    [email protected]
    Harpoon Capital515 Reviews
    WebsiteView Page
    0Reply
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