Updated over 5 years ago on . Most recent reply
Nate MarshallPoster
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Update on COGO, Lima One and Visio
Nate MarshallPoster#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Real Estate Consultant
- Evergreen, CO
I have been in contact with all 3 of these lenders. They are all liquid, have capital and are lending. Lending One has cut back a bit but will be back in the game by midsummer as far as MF and rental programs.
Most Popular Reply
@Charles East Because for whatever reason (being self employed, 1099 income won't qualify, having a high DTI ratio, being over the limit for number of properties owned, etc) the person doesn't qualify for conventional lending.
That is where non-conventional lending comes into the picture.