All Forum Posts by: Copelon Kirklin

@James Wise

Income-producing properties such as apartment complexes, multi-family units, mixed-use, student housing, mobile home parks. Other income-producing properties will be considered on a case-by-case basis

- Up to 75% LTV

- Nationwide platform

- 5, 7, and 10 year fixed terms

- Loan amounts from $300,000 - $10MM

-Rates in 4% - 6.5% range

I have a great commercial loan product for your prospective buyers, @James Wise.

Conventional bank rates while focusing on the cash flow of the property and not credit score. Would be a great offer in conjunction with the listing.

Property Information

• Six (6) Month Rental Agreement!! 
• Six (6) Month Maintenance Agreement!! 
• First Year of Property Management Free!! 

Rent: $1,185.00 

Monthly Property Tax: $87.84 

Monthly Insurance: $65.42 

Monthly Net: $1,031.74 

Cap Rate: 20% 

Net Annual Income: $12,380.88

Property Information

KEY FEATURES: 2 bedrooms | 1 full bath | 758 sq. ft. Single family cash cow located right down the street from the University of Toledo. 

• Six (6) Month Rental Agreement!! 
• Six (6) Month Maintenance Agreement!! 
• First Year of Property Management Free!! 

Rent: $750.00 

Monthly Property Tax: $85.00 

Monthly Insurance: $27.33 

Monthly Net: $637.67 Cap Rate: 20% 

Net Annual Income: $7,652.04

Address 1006 Broer Ave.

Toledo, OH 43607

Type Single Family Home

Bedrooms 2

Bathrooms 1.00

Sq. Ft. 758

Don't go hard money until you check with me first. May be able to lend when other banks won't. Income-producing properties such as multi-family units, mixed-use, student housing, mobile home parks, etc. 

Also, if you have a hard money loan on these property types, this is a great product to refi into.

Feel free to contact me by any means below.

@Michael Modesto

Would you be interested in a 3-Unit in Toledo, OH? I can send over the details if so.

@James De Silva

Gotcha. Now I see where the difficulty lies. The current value of the property would make for a low loan amount. It's hard to get loans from banks for these low amounts. At that point, the low interest rates are gone. Your next option would be private money, which as you already know, is more expensive.

 Are you looking to purchase these? And have they been cash flowing previously or is this the strategy once they're purchased?

However, I can arrange a private money loan for this and you can refi out into the loan product in question.

@James De Silva

I have a couple questions...

• What type of property is it?
• What's the value? 
• Is it being leased at the moment?
• What's the current rate and balance on the loan?