First Time BRRR Loans

[Adama Bah]

Hi all,

I'm having hard time getting loan for BRRR since this is my first time undertaking this kind of project.
The deal is right in great location and local to my other property. 
I am interested in 90% purchase and 100% rehab cost. 
Please share any lender that can help with this situation.  
Thanks a lot. 

[Joshua Christensen]

Quote from @Adama Bah:

Hi all,

I'm having hard time getting loan for BRRR since this is my first time undertaking this kind of project.
The deal is right in great location and local to my other property. 
I am interested in 90% purchase and 100% rehab cost. 
Please share any lender that can help with this situation.  
Thanks a lot. 

Hey Adam, the purchase rehabs I've seen are 80-85% LTV & 90-100% rehab money. Banks are taking it on the chin right now and lending is tighter than it was 2 years ago, so you may need to bring in a partner for the difference on your first few to get some experience and fill the gap.

Find a partner with experience and you may get better terms.

Try Ryan Prisco - 626-818-1919 - He is a broker with access to several different companies that do these types of loans.  He's licensed in 16 states I believe.