Anyone worked with TMD Capital out of Mass

Private Lending & Conventional Mortgage Advice
6yFollow

Anyone worked with TMD Capital out of Mass

Manny Del Val
Investor · Satellite Beach, FL · Member since 2019 · 58 posts · 36 votes

Hello I received an email about TMD Capital and their loan programs. The program seems good for fix and flips 90% Purchase 100% Rehab at 8.75% Rate. They also have 30 year Fixed Rentals at 75% LTV 5.99% Interest Rate.

I wanted to know if anyone has used them in the past and what is your experience. 

Thank You

2Reply
58 views

Most Popular Reply

Brian AguirrePro Member
Investor · Atlanta GA Charlotte NC Tampa Fl · Member since 2017 · 4 posts · 2 votes
5y

I Personally work with TMD they are the real deal

2Reply
See this reply in the discussion

7 Replies

Jump to latestLatest
  • George DespotopoulosBusiness Member
    Lender · New York, NY · Member since 2016 · 936 posts · 287 votes
    6y

    Hey @Manny Del Val - no experience with them, so just my thoughts, it seems that those terms are a marketing tactic more than anything.  90%  & 100% on fix and flip is rather rate to say the least right now...even 85% and 100% is pretty tough to get. 

    If they are lending at those leverage ratios, I could see 85-90% / 100% being available only to repeat borrowers and very experienced flippers (10+ deals in the last 3 years) that also have a 680+ FICO and strong liquid reserves (20% of the deal). Outside of that, I don't expect many to qualify for anything but 75% - 80%. 

    As far as 30 yr fixed at 75% and 5.99% -- 75% on purchase or rate/term refinances is do-able at the moment but I would expect rates to be more so in 6.5% - 7.875% range for that product.

    MoFin Lending4.9152 Reviews
    WebsiteView Page
    1Reply
  • Kristin Moore
    Real Estate Agent · Boston, MA · Member since 2016 · 25 posts · 9 votes
    5y

    Hey @Manny Del Val I just saw an advertisement of their's and was thinking of giving them a call. Did you end up speaking with them or using them?

    1Reply
  • Brian AguirrePro Member
    Investor · Atlanta GA Charlotte NC Tampa Fl · Member since 2017 · 4 posts · 2 votes
    5y

    I Personally work with TMD they are the real deal

    2Reply
  • Matthew CrivelliBusiness Member
    Lender · MA · Member since 2021 · 1k+ posts · 1k+ votes
    5y

    @Manny Del Val

    We are legitimate! To qualify for the 90% 100% with a rate below 9% you need to have 680 credit and 3 prior titles acquired in the last 2 years. Let me know if we can help you fund something!

    [email protected]413-348-8346
    Freedom Capital Funding, LLC523 Reviews
    WebsiteView Page
    1Reply
  • Alex HillerPro Member
    New to Real Estate · Springfield, MA · Member since 2020 · 8 posts · 8 votes
    5y

    Know these guys personally, solid group of guys. Definitely recommend using them.

    1Reply
  • Cristian Vargas
    Member since 2018 · 6 posts · 1 vote
    3y

    Hey guys I'm about to use TMD capital and wanted to know if anyone has used them and their experience with them. Thank you. 

    1Reply
  • Hannah Joy
    Rental Property Investor · Eureka CA · Member since 2020 · 91 posts · 27 votes
    3y
    Quote from @Cristian Vargas:

    Hey guys I'm about to use TMD capital and wanted to know if anyone has used them and their experience with them. Thank you. 

     @Cristian Vargas How did it go with TMD?

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free