All Forum Posts by: Dan Gamache

Cash is king in these uncertain times. If you need to get cash out of your investment property contact me today. We are a nationwide lender and offer 30 year fixed and adjustable rate products. We are a cash-flow based lender so we do not require any income documents or job verification. We offer 80% LTV on Portfolio Loan (2 or more properties) or 75% on single property loan. I would not hesitate as rates are low and programs may be subject to change based on market conditions.

Nationwide Lender! Feel free to contact me with any Investment Property Financing needs. We have programs for Fix n Flip, Buy & Hold (30 year Fixed Rates!), as well as Multi Family (5-250 units). We also do New Construction, Bridge Loans, and Mixed-Use projects.

****We now have Brrrr Financing that will start as FixnFlip and then convert to 30 year Rental Loan****

@Daniel Nicol I’ll PM you tomorrow 

@Daniel Nicol What are you looking to accomplish, cash out? Biggest challenge I see is the property values, a lot of lenders wont touch the 40k. You may be able to to get a loan on the 65k. Also can be tough to get Heloc so you may need to go full refi. 

@Jason Johnson yes, origination fees are common in private lending. Amount varies on specifics of the deal/investor.

@Maurice E. Stokes Jr if someone's financial situation takes a turn for the worse, they will stop paying on their investment property first vs primary residence.

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]

@Lamar Allen if it is an investment property you should look into a fix n flip loan. Once repairs are complete, you can either sell or refinance into long term loan.

@Andrew Kahle 60K purchase price per house is lowest I know of.

@Daniel Hallman what is the purchase price & monthly rental income?