All Forum Posts by: Dan Gamache

@David Lee Hall, III @Jacob D Cockerell In Private Lending space the lowest property value for a single property loan (1-4 unit) I know of is $75K value/$50k minimum loan amount. In a portfolio (2+ properties) value can be 60K. National Private Lenders will offer 30 year products, fixed or adjustable.

Did you know Lima One Capital offers some of the best Ground-up Construction Financing available? We now offer 90%LTV on ground-up construction up to $2.5 million (over 2.5 mill requires higher downpayment). If you already own the land we can count that towards your downpayment. Contact me today to see how I can help you build your new construction project & real estate portfolio at (617) 680-1635 or [email protected]

@Richie Pace can you clarify, you say purchase price is $600k & ARV of $735k, have you already purchased the property? If not, does it need rehab? Anyway, you can go to 75%LTV at 90 days with possibility thru underwriting exception to go to 80. At 6 months of ownership you can go to 80LTV with 700+ credit score. This is thru private lending and will require ownership in LLC.

@Dave Godfrey Does the property need rehab? Are you planning on flipping or holding?

@Matthew Terry It is actually two different loan programs. Fix n Flip loan during rehab, pricing is based on experience (# of deals in last 36 months), the Rental loan (30 year) pricing is based on whether you go fixed or adjustable, LTV, and credit score. Contact me directly with scenarios for pricing....thank you.

@Patrick Torres    NO, it is certainly not. seems like a scam to me.

Very excited to announce a brand new Fix2Rent lending option for Brrrr investors. Loan will start out as a Fix n Flip loan and will convert to a long term 30 year program once the rehab is complete and property is rental ready. This program allows for cash-out at time of conversion based on ARV which eliminates all the seasoning issues investors have been running into. Please contact me at (617) 680-1635 or [email protected] to discuss further details.

Lima One Capital has had BIG pricing reductions on our Multi Family loan programs. We lend on apartments and Multi (5+ units) either in need of value add or stabilized. If banks won't lend on distressed property or you need a quick closing, call me at (617) 680-1635. Here are some highlights, and check out the recently funded deal below:

*loan amounts $250K-$10 mill *80% Loan to Cost (purchase + rehab budget) *Closing costs can be rolled into loan *we underwrite to future value *no prepayment or exit fees *recourse and non-recourse offered *average closing 3-4 weeks. [email protected]

@Victor Sarkisyan I can offer long term (30 year) financing with a minimum property value of $75k. We require 20% downpayment and minimum loan amount of $50k. Properties must be rental ready and not in need of rehab. If property needs rehab we can start with Fix n Flip loan (minimum loan amount of $25k) and then refinance into rental loan once rehab is complete.

Must close in LLC.

@Aamir Shah Good afternoon. I can offer 30 year fixed or adjustable rate mortgages on portfolio loans (1-4 unit properties) up to 80% LTV.