All Forum Posts by: Brandon Croucier

Most likely trying to make more $$ off you or did not lock the rate.

Hey Raj,

Theres a few ways to get around these requirements, just need to be in contact with the right people.

There’s different ways to structure the prepay.

5 year option (5,4,3,2,1) (5% fixed) (6 mo interest)

3 year option (3,2,1) (5,4,3) (5% fixed) (6 mo interest)

1 year option (1%) (5%) (6 mo interest)

These are the ones I work with.

No.

DSCR loans are investment property loans.

No ifs, ands, or buts about it.

If you would do a 30 year term, a DSCR loan is going to be the best product for you,

DSCR loans are 100% based off the properties income, instead of your income. So your DTI does not matter.

The rates are similar to conventional, sometimes a bit better, sometimes a bit worse than conventional investment products depending on a few factors.

These loans can vest in an LLC and do not report on your credit report.

This is the product for you.

The beginning.

The blend of RE and crypto in lending is going to to be a major disrupter, eventually smart contracts are going to replace the need for escrow and transactions will move much quicker.

The Supply/Demand model of bitcoin does allow it to be an asset used to mitigate risk from a lenders perspective (via diversification).

I think institutional money will take many years to adopt this, but private money firms who adopt this are going to be setting themselves up for success.

Regarding the previous thread, I am personally not a fan of Milo as they require you to put both 100% of bitcoin balance AND the property you are buying as collateral.

You are better off just using a flash loan from AAVE for 25-30% of you BTC value, and using a Non QM loan to qualify.

Yes, you will pay more interest but you'll also reduce the amount of risk tremendously, worth the trade off.

I'd be looking to get into a DSCR loan.

These loans are qualified by the properties income rather than your income, can close in an LLC, and also do not report on your credit report!

Hard Money or DSCR is the way you want to go.

Shouldn't be an issue where you are as long as your intention is for investment purposes and have the capital to put down.

It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.

For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollars

These are very non traditional loans and no two will ever be the same.

Private investors/lenders do them if theres enough equity.