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Private Lending & Conventional Mortgage Advice

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Judson Osbon
  • Real Estate Agent
  • Winter Garden, FL
27
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56
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Alternatives to B2R Finance?

Judson Osbon
  • Real Estate Agent
  • Winter Garden, FL
Posted Nov 17 2017, 13:19

Hello,  I know B2R has sponsored the podcast before but it appears they have been bought out by another company.  When I go to the website I get Finance of America - Commercial.  It looks like to do lending for rentals and I have placed a call to them and am awaiting a call back.  In the meantime, I wanted to see if anyone else can recommend other companies to look at.  I am looking for a loan that is based on the cashflow of the asset with the asset as collateral instead of based on my own income.  Credit is good, will be 800+ once the credit cards I recently paid off show up.  The house i'm currently looking at I will be getting for about 75% of what it should appraise for so I'm hoping to find a lender who will lend on the appraised value, not the purchase price so I can bring less to the table.  Thanks for your recommendations! 

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