All Forum Posts by: Alex Bekeza

I'm a loan officer based out of Sherman Oaks, CA where we originate loans nationwide.  We offer great financing terms for investors looking to maximize leverage and cash flow on their properties.  

-30 year terms, fully amortized

-Purchase, Rate/Term Refis, and Cash Out Refis

-Interest between the low 7% to low 9% range (depending on credit/property type)

-Rates fixed for either the first 3 or the first 8 years

-70-75% LTV (depending on experience/property type)

-Loan Amounts between $75k and $5 Million

-Flexible Underwriting

-foreign nationals ok 

-NO TAX RETURNS OR BORROWER DTI REQUIREMENTS

Give me a call at 818.606.8823 or shoot me an email to [email protected] and I'd be happy to analyze a situation for you.

All the best,

Alex Bekeza

www.landbrothersre.com 

@Jason Hodges 

Before spending a dollar I would take the appraisals you already have and basically perform your own new version using the same exact deductions the appraiser used.  If you can convincingly use the same approach he did to come up with the values that you need then go ahead and pull the trigger on the appraisal.  

We offer great long term financing for commercial investors on multifamily, mixed use, commercial, retail, office, industrial etc.

-30 year terms, fully amortized

-Rates in between conventional and hard money

-70% LTV (75% LTV if multifamily or mixed use)

-No Tax Returns, No Borrower DTI Requirements!

-Great for self employed investors

Give me a call at 818 606 8823

We are based in Sherman Oaks, California but lend nationwide.

Feel free to also reach out via email at [email protected]

@Sean Faxon is probably not still under contract 3 years later LOL

But HEY, was it a success?!

50% LTV is out there for foreigners but one thing you should consider in your situation is finding a seller who will be motivated to carry back a loan in 2nd position. The lender will always require to be in first position but will often allow the borrower to supplement their down payment with seller financing. However, the CLTV or combined LTV of the two loans to purchase will normally not be allowed to exceed their typical LTV limits such as 75%-80%.

@Jeffrey Yang I also live in Camarillo!  I'm going to PM you some financing terms for Multifamily Properties in Houston for you to keep in mind during your search and @Jeff Greenberg I can't make the next two Thousand Oaks meetings. (Why does every REI group love Thursdays lol?) But I've been meaning to come down to Mimi's and definitely will try to a few times this summer. Hope to meet you both over there soon.

I know Myrtle Beach might be a little far from Columbia but @Pete Schmidt has some impressive work and is an investor himself.  Any thoughts or advice Pete?

@Nathan Ku  Which class c/d neighborhoods specifically?  That would help people with direct knowledge in those towns to give advice.

Typically these neighborhoods are going to present more challenges with tenants and vacancy of course but it all depends on the market forces and economic direction of that area.  Today's class d could be tomorrows class b or a.  

I always like reading posts from @John Hickey on this topic.  He has a lot of experience in managing rentals in tough areas, he's made it his specialty.  I would read through some of his contributions.   

@Ellie Perlman Thanks for sharing this.