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User Stats

3
Posts
2
Votes
Victoria Phifer
Pro Member
2
Votes |
3
Posts

Investing Lender for 1st time investors

Victoria Phifer
Pro Member
Posted

Hi friends,

I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?

  • Victoria Phifer
  • User Stats

    175
    Posts
    44
    Votes
    Anderson S.
    Lender
    • Lender
    • Brooklyn, NY
    44
    Votes |
    175
    Posts
    Anderson S.
    Lender
    • Lender
    • Brooklyn, NY
    Replied

    Hi Victoria, we'd love to be a part of your journey as a new investor. Feel free to contact us for lending opportunities.

    User Stats

    3
    Posts
    2
    Votes
    Victoria Phifer
    Pro Member
    2
    Votes |
    3
    Posts
    Victoria Phifer
    Pro Member
    Replied

    Thanks Anderson

  • Victoria Phifer
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    User Stats

    3,539
    Posts
    1,092
    Votes
    Erik Estrada
    Lender
    #2 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    1,092
    Votes |
    3,539
    Posts
    Erik Estrada
    Lender
    #2 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    Replied
    Quote from @Victoria Phifer:

    Hi friends,

    I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?


     Hey Victoria, 

    We offer loans to first time investors. A GC will be required if there is any rehab taking place. 

    User Stats

    120
    Posts
    13
    Votes
    David Pearl
    Lender
    • Lender
    13
    Votes |
    120
    Posts
    David Pearl
    Lender
    • Lender
    Replied
    Quote from @Victoria Phifer:

    Hi friends,

    I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?

     @Victoria Phifer - Hi Victoria. We offer Fix & Flip loans that can cover up to 90% of the purchase price and up to 100% of the rehab. We also work with first time investors. Happy to discuss. I will send you a private message now. 

    User Stats

    19
    Posts
    3
    Votes
    James Sims
    Lender
    • 91730
    3
    Votes |
    19
    Posts
    James Sims
    Lender
    • 91730
    Replied

    Hi Victoria, feel free to reach out and let's talk about your deal.