Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
Are you tired of dealing with the banks and their rigorous underwriting guidelines? We are able to offer a partial documentation underwriting approach with non-recourse and no PG's required. At the same time you will still get the benefits of banking rates and in most cases we can offer rates lower than the banks can. Our sweet spot starts at $750K and up from there and we can do all of the following property types:
-Multi Family -Mixed-Use -Student Housing -Assisted Living -Mobile Home Parks -Hotel -Office -Warehouse -Retail -NNN
We also offer a referral program as well for anyone who knows an affiliate that may be seeking funding. Message me or email me if you are interested.
@Account Closed We can lend nationwide. In regards to the assisted living facility we would definitely be interested in that project. I will keep an eye out for your email and let you know what we can do there.
Are you tired of dealing with the banks and their rigorous underwriting guidelines? We are able to offer a partial documentation underwriting approach with non-recourse and no PG's required. At the same time you will still get the benefits of banking rates and in most cases we can offer rates lower than the banks can. Our sweet spot starts at $750K and up from there and we can do all of the following property types:
-Multi Family -Mixed-Use -Student Housing -Assisted Living -Mobile Home Parks -Hotel -Office -Warehouse -Retail -NNN
We also offer a referral program as well for anyone who knows an affiliate that may be seeking funding. Message me or email me if you are interested.
@Seth C. Thanks for reaching out regarding my post. We typically start at $750K on this program and $500K on portfolio loans. The biggest weight on a multi family is the DSCR as this is the biggest factor when evaluating a deal. We do all of our loans as non-recourse and no PG's with partial doc underwriting standards. Having said that the property holds the majority of the weight when it comes to the underwriting, of which the DSCR is the best evaluating factor when underwriting a project. Everything else from there we can typically work around. Obviously the other factor is the liquidity of the buyer as with a purchase we can go up to 80-85% LTV of the purchase price so we need to see some liquid funds from the borrower on a purchase. Whether that is from another investor or from the borrower directly it doesn't matter either way, as long as we can see some type of contribution outside of a full seller carry second. In regards to client references there are a handful of individuals I am working with currently on BP and I will tag them below:
@Seth C. No problem. Let me know if anything else comes up in terms of questions or you have any projects you want to run by me to see what you would be looking at in terms of financing.
Are you tired of dealing with the banks and their rigorous
underwriting guidelines? We are able to offer a partial documentation
underwriting approach with non-recourse and no PG's required. At the
same time you will still get the benefits of banking rates and in most
cases we can offer rates lower than the banks can. Our sweet spot starts
at $750K and up from there and we can do all of the following property
types:
-Multi Family -Mixed-Use -Student Housing -Assisted Living -Mobile Home Parks -Hotel -Office -Warehouse -Retail -NNN
We
also offer a referral program as well for anyone who knows an affiliate
that may be seeking funding. Message me or email me if you are
interested.
@Nazz Wang Thank your for reaching out to me regarding my post. We can offer 5, 7, 10, 12, 15, 30, and 35 year fixed options with a term of either 20, 30, or 35 years. Typically all of our loans are amortized over 30 or 35 years. Please let me know if you have any other questions.