All Forum Posts by: Antonio Gonzales

If your numbers are accurate, we may be interested. Feel free to give me a call to discuss.

Antonio

FIX-N-FLIP OR REHAB LOANS

• Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65% ARV
• 2.0 – 3.5 points on most 6-12 month loans
• 9.9-12% interest depending on LTV
• Rehab portion of loan held in Fund Control and released on draws (same day release)
• Interest is paid only on drawn amount of loan
• No prepayment penalty, extensions available

CONSTRUCTION LOANS

• Up to 100% Construction Loan amounts
• Loan amount not to exceed 65% of finished value of property
• 3-4 points on most 12 month loans
• 9.9-12% interest depending on LTV
• Loan is held in Fund Control and released on Draws
• Interest is paid only on drawn amount of loan
• No prepayment penalty, extensions available

REFINANCE LOANS

• Up to 65% of current fair market value
• Interest rate and points depend on term and LTV
• Cash Out Refi Loan will require a Use of Funds letter
• Cash Out needs to be used towards business purposes

COMMERCIAL LOANS

• Up to 65% of current fair market value
• Interest rate and points depend on term and LTV
• Cash Out Refi Loan will require a Use of Funds letter
• Cash Out needs to be used towards business purposes

Contact Antonio Gonzales for a quote within 24 hours!

P: (619) 889-8579 E: [email protected]

Copyright © [2015] Lantzman Lending

11696 Sorrento Valley Rd., Ste #201,

San Diego, CA 92121

CalBRE #01522724 / NMLS #296471

Welcome to BP. There are some great resources available within this community. I am a local San Diegan as well, so I would be happy to be resource for you as well. Cheers!

FIX-N-FLIP OR REHAB LOANS

• Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65% ARV
• 2.0 – 3.5 points on most 6-12 month loans
• 9.9-12% interest depending on LTV
• Rehab portion of loan held in Fund Control and released on draws (same day release)
• Interest is paid only on drawn amount of loan
• No prepayment penalty, extensions available

CONSTRUCTION LOANS

• Up to 100% Construction Loan amounts
• Loan amount not to exceed 65% of finished value of property
• 3-4 points on most 12 month loans
• 9.9-12% interest depending on LTV
• Loan is held in Fund Control and released on Draws
• Interest is paid only on drawn amount of loan
• No prepayment penalty, extensions available

REFINANCE LOANS

• Up to 65% of current fair market value
• Interest rate and points depend on term and LTV
• Cash Out Refi Loan will require a Use of Funds letter
• Cash Out needs to be used towards business purposes

COMMERCIAL LOANS

• Up to 65% of current fair market value
• Interest rate and points depend on term and LTV
• Cash Out Refi Loan will require a Use of Funds letter
• Cash Out needs to be used towards business purposes

Allow Lantzman Lending to Help Finance Your Success!

Contact Antonio Gonzales for a quote within 24 hours!

P: (619) 889-8579 E: [email protected]

Copyright © [2015] Lantzman Lending

11696 Sorrento Valley Rd., Ste #201,

San Diego, CA 92121

CalBRE #01522724 / NMLS #296471

@David Oldenburg

Would love to be a resource for you. We lend in CA, AZ, NV, TX. For direct, private, hard money loans, these are our most popular programs:

• Fix/Flip Loan: Between 70-85% Acquisition Loan + 100% Rehab as long as total loan is less than 65% of ARV.
• Construction: Up to 50% Land Loan + 100% Construction as long as total loan is less than 60% of ARV/Completed Value.

The terms range depending on the project:

• Rates: 9.99-12% (Interest Only Option)
• Points: 2-4
• Doc/Admin Fee: $600
• Term: 6-36 months
• No Prepayment Penalty

The value-add benefit on our construction loans lies in our ability to have the borrower only pay interest on funds utilized, which can amount to substantial savings on the construction budget portion of the project.

Check out some recent ground-up construction scenarios on my Published posts on my LI page:

Antonio Gonzales

Private/Hard Money Lender

Phone: (619) 889-8579

Email: [email protected]

11696 Sorrento Valley Rd #201

San Diego, CA 92121

www.lantzmanlending.com

CalBRE #01522724 NMLS #296471

Five Days to fund a hard money loan is pretty fast considering the steps involved and coordination among several parties including escrow, title, borrower, lender, notary, etc.

However, considering our borrower was in a different country and we needed him to sign with an apostille notary and overnight docs across the world; we were excited to meet his request of needing funds fast for this Las Vegas, Nevada, investment property!

The loan funded in 5 days from receiving complete package!

Loan Terms:

Loan Amount (LTV 50%): $300,000

Term: 12 Months

Lien Position: 1st Position

Loan Type: Non-Owner Occupant Cashout Refinance

Send us your scenario and experience the results you deserve from an asset-based lender you can trust with over 50 years of experience.

Allow Lantzman Lending to Help Finance Your Success!

Contact Antonio Gonzales for a quote within 24 hours!

P: (619) 889-8579 E: [email protected]

Copyright © [2015] Lantzman Lending, 11696 Sorrento Valley Rd., Ste #201,

San Diego, CA 92121

CalBRE #01522724 / NMLS #296471

Thanks for the mention @Karen Margrave. Daniel, I would be happy to explore the different options that may be available for your situation. As long as sellers are open to creativity and there are sources of leverage, a mutually beneficial solution can usually be accomplished.

@Rami W., the good thing is you have some options and leverage. You should reach out to @Karen Margrave. She is a developer based in Orange County area and very active on BP. She would be a great resource to explore your options and get some insight into the development process. I know a few developers in San Diego County that I could put you in touch with as well. Best, Antonio

@Nick Brubaker, you are welcome.

@Casey Murray, it is interesting since the survey respondents feel most optimistic toward the residential real estate sector, with single-family & multifamily as the leading sectors for the market. It can be challenging to cashflow multi-family, but there are some great niches that take advantage of the opportunity. For example, you see a lot of older homes or units near the beach creating higher-better use with maximizing unit count, subdividing lots, or assembling lots for larger developments. This is common in Ocean Beach, Mission Beach, Pacific Beach, Cardiff, Solana Beach, etc. These have great opportunities as flip properties or buy and hold with vacation rentals that can bring in some serious cash during summer. 

Being an 18-hour city, we also see high desirability for young professionals and other city dwellers that love to be able to walk to restaurants and entertainment. This is evident with the mid-rises and high-rises being built downtown, East Village, Little Italy, Mission Hills & Bankers Hill areas. There are like 5-7 projects within a few blocks of Balboa Park that are all catering to mid-rise living with high walking scores. Many of these will include mixed-use with commercial on the main level. 

You have similar new and redevelopments in and around Hillcrest, North Park, South Park & Golden Hill. Much of this can be attributed to limited land availability and needed to go vertical to cater to lack of housing inventory. With increased prices, and consumers that aren't in a position to buy, they have the opportunity to live in these popular areas and also willing to pay the increased rent that comes along with it.