Rental Property Investor · Orlando, FL · Member since 2014 · 25 posts · 2 votes
I need financing for an 11-unit multifamily in Florida. The sales price is $480,000. I'm looking for no doc / low doc financing for 10-30 years. I'm an experienced investor with multiple rental properties.
Hey Rick, I have a couple of programs that I think might work out for you. Give us a look at www.CableCo.capital and let's get in touch.
1) Commercial Acquisition / Refinance Loans from $250K - $2MM Up to 80% LTV5/1 or 7/1 ARM / 20, 25, 30 yr Amortization Requirements: 90 Days Rent Stabilized to 75% Occupancy Ability to substantiate rents received for 90 days
FICO 680+: Rates from 6-8%, FICO 600-679: 9%+ (Loan Amount capping at $1MM) DSCR: 1.2 or greater 2-week accelerated closing program, or in 30 days.
Lender · Thornton, PA · Member since 2014 · 106 posts · 56 votes
7y
Hi Rick,
We offer many programs that fit your requirements. As each borrower and each property are unique, we work with you to deliver the best finance product to ensure your profitability for the long term. With access to over 100 different lenders (we can always catch one on their good day, LOL) and over 10,000 loan products, I am sure we can help.