Your advice on a lending company with great terms.

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Your advice on a lending company with great terms.

Joel Barjon
Member since 2020 · 28 posts · 26 votes

Hi everyone,

Do you know of a lender with good rate and terms. I am purchasing a couple duplexes, and I am looking for long term financing along with a competitive rate. Do you, guys, know of a company that I can work with?

Thanks,

Joel Barjon

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y

U wont have any problem you will probably get 5 to 10 replys from the brokerage community that are members of BP and on the lenders lists.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    2y

    U wont have any problem you will probably get 5 to 10 replys from the brokerage community that are members of BP and on the lenders lists.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Brandon Croucier
    Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    2y

    Theres plenty of good lenders around here who will try and earn your business.

    What are the purchase prices of the duplex's?

    0Reply
  • Jonah Tijerina
    Lender · Houston, TX · Member since 2024 · 3 posts · 1 vote
    2y

    Happy Friday!

    I'd suggest having conversations with a few different, reputable, recommended, lenders to see which has the product and programs that best fit your needs and investment goals.

    0Reply
  • Jesse Holsapple
    Lender · Fountain, CO · Member since 2022 · 124 posts · 32 votes
    2y

    We're commercial mortgage brokers, we have access to competitive rates. Always happy to price these out. Feel free to get in touch to discuss details.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Joel Barjon:

    Hi everyone,

    Do you know of a lender with good rate and terms. I am purchasing a couple duplexes, and I am looking for long term financing along with a competitive rate. Do you, guys, know of a company that I can work with?

    Thanks,

    Joel Barjon


     There are many lenders/brokers but not many GOOD ones lol. Instead I will give you some tips before you get burned in the end: 

    1. Don't just look at the terms. Look at who the terms are coming from. 

    2. Look for the lender's reviews, closings, licensing, etc... 

    3. Be realistic with what to expect. (I mean this comes with experience, but if you know if high 5 to 6% is the going rate on a primary residence loan, don't expect any lower on a non-owner occupied loan) 

    4. Be very thorough with how you present your scenario. Just about any LO will throw out a nice term sheet to get you in the door. Few can close on their promise. Don't hold back on any valuable information, as you will risk losing your EMD or getting a sour taste in the end.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 680 posts · 230 votes
    2y

    Hey Joel!  Depends on the situation and everything (and I might be biased), feel free to reach out though if we might be able to help!

    [email protected]734-645-7722
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    0Reply
  • Joel Barjon
    OP
    Member since 2020 · 28 posts · 26 votes
    2y

    151,000 dollars

    0Reply
  • Andrew Zamboroski
    Lender · Member since 2021 · 498 posts · 131 votes
    2y
    Quote from @Joel Barjon:

    Hi everyone,

    Do you know of a lender with good rate and terms. I am purchasing a couple duplexes, and I am looking for long term financing along with a competitive rate. Do you, guys, know of a company that I can work with?

    Thanks,

    Joel Barjon

    As many have said, many of us would be happy to review your scenario for pricing. Congrats on your portfolio expansion!
    0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    2y

    @Joel Barjon

    1. go to a few local meetups

    2. find out who local investors are using

    3. call those lenders

    0Reply
  • Justin Roland
    Lender · Charlotte, NC · Member since 2018 · 25 posts · 22 votes
    2y

    Hey Joel,

    I’m a mortgage broker in Charlotte with very competitive rates and a wide array of loan options to choose from. If you want to have a chat about your personal scenario feel free to reach out

    1Reply
  • Nick BelskyBusiness Member
    Lender · Orlando, FL · Member since 2021 · 1k+ posts · 704 votes
    2y

    @Joel Barjon

    Would love to connect.  I am a broker and have access to several lenders who compete for the best pricing, but the scenario is what determines this... 

    Been closing on 30yr Fixed, fully Amortized cash out refinances under 7% at par with 1 year prepayment penalties for nearly 2 months now.  Treasury has moved up some so we were pricing 75LTV cash outs at just over 7% as of last week.  No lender points and only about $1600 in UW fees.  Reasonable credit, good cash flow, and 6 months reserves can get you pretty solid pricing on purchases as well.  I've had a few 5yr PPP deals get down into the low 6's as well.

    Cheers!

    [email protected]
    Belsky Mortgage, LLC522 Reviews
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    0Reply
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