All Forum Posts by: Brandon Croucier
Brandon Croucier has started 2 posts and replied 626 times.
Post: Seeking Short-Term Financing Options for Renovation Property
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Would need more details on the deal, but this is something people could help out on.
Post: Looking for commercial financing solution on an unique residential property
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Michinori Kaneko:
Quote from @Brandon Croucier:
I've got one I just closed like this, only 1 or 2 lenders in the space will do this kind of stuff.
who is your lender? can you please provide me info?
Post: Looking for commercial financing solution on an unique residential property
- Lender
- Nashville, TN
- Posts 687
- Votes 279
I've got one I just closed like this, only 1 or 2 lenders in the space will do this kind of stuff.
Post: How to get the most cash out of my property?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Nobody in their right mind is lending 90% on investment..
Sell the thing or bring in cash. 80% Max LTV.
Post: Looking to Connect with Private Real Estate Lenders – Any Recommendations?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Seems doable, depending on a few factors will determine what the right product is for you.
Post: Any experience with HMLs for the purchase only?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Most are going to want to lend on the rehab as it ensures the rehab to be completed,
There are numerous ways to pencil it out in your favor though.
It benefits to work with an experienced broker who can guide you through the process and put you into the best possible product and solution out there for you.
Post: Looking to Connect with Private Real Estate Lenders – Any Recommendations?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Taylor,
Are you looking to flip?
What is your goal here.
Post: refinancing a property from hard money lender
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Whats been the problem?
If you are in a hard money loan, many lenders should be able to help out.
Post: Looking for a lender
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Appraisals are non negotiable, what makes you refrain from an appraisal?
Post: Financing options for non-US citizens
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Zach Howard:
Quote from @Brandon Croucier:
Quote from @Zach Howard:
Quote from @Brandon Croucier:
Hi Zach,
There’s plenty of options to acquire realestate in the states.
Your income does not matter as much as your liquid capital for a down payment, for foreign investors we are looking at 30-35% down payment on DSCR loans.
Just curious - what sort of down payment do you usually require of US citizens?
20-25%
I guess you have your reasons for the down payment discrepancy between citizens and non-citizens, haha, but it doesn't sit too well with me. I'll still consider it when I have a deal for which I need financing, though. How about the interest rate - is there also a different rate for citizens and non-citizens?
Yes, Rates are higher..
Do you have US Credit?
It's a riskier loan given you do not carry a social security, no US credit & no experience.
Due to increased risk comes mitigation (Lower LTV & Higher Rates)