All Forum Posts by: Tarik Turner

75% LTV on a mixed use property actually seems more accurate

depending on the credit score it is possible to get up-to 80% ltv on a refi 

Is the property a primary or an investment property? 

If it is an investment property what is the current value? 

Best Rates and terms trump local office any day

It all depends on what is the most important to you. 

The rate looks pretty good but if you are looking for a 30 year loan you can probably get something in the low 7's as long as the credit score and DSCR is up to par

What is the purchase price and ARV of the deal?

 Yeah the down side is that they do ask for the due diligence fee with only preliminary information required for submission.  It's a simple form and a few Docs that they require  prior to the fee request and Paying the fee obviously doesn't guarantee that they will approve the deal. 

I would suggest to speak with a broker or someone familiar with the process and have them review a full package and try to look for any possible red flags in advance. 

Also again if this is a simple bridge loan there are so many companies that do not require the due diligence fee. My recommendation of this company would really depend on the loan scenario. 

I've worked with them on multiple occasions they are legit  however not sure why you would be doing a refi through Kennedy..  Not really their strong point. Even if it is a short term loan  

Depends on the credit score, unit count LTV needed and DSCR but you would probably be looking at the mid 6% to mid 8% as a basic guideline