All Forum Posts by: David N.

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David N. has started 38 posts and replied 89 times.

Foreign National Rental Loans

Property Types: Residential 1-30 Units

Term: Fixed or ARMs

Rates: As low as 6.375%

Purchase or R&T Refinance: 65% LTV

Cash Out Refinance: Up to 60% LTV

Occupancy: Non-Owner Occupied

Foreign Nationals must bank with a U.S. banking institution

Foreign Nationals must have a valid U.S. Visa (if not subject to Visa waiver program)

Foreign Nationals must have a valid passport from country of origin (Canada)

Foreign Nationals must have 12 months PITI(A) in reserve for outstanding mortgage debt

Prepayment: 3 year

Seasoning Requirements: Call for details

Debt Service Coverage Ratio: 1x

Appraisal Required: Yes

Max Loan Amount: $1.5M

Min Loan Amount: $60K

0 Votes

Hi Malkum,

I want to thank you and your brother for your service. I wish you success in all your endeavors. Congrats on your first project!

Dave

0 Votes

Foreign National Rental Loans

Property Types: Residential 1-30 Units

Term: Fixed or ARMs

Rates: As low as 6.375%

Purchase or R&T Refinance: 65% LTV

Cash Out Refinance: Up to 60% LTV

Occupancy: Non-Owner Occupied

Foreign Nationals must bank with a U.S. banking institution

Foreign Nationals must have a valid U.S. Visa (if not subject to Visa waiver program)

Foreign Nationals must have a valid passport from country of origin

Foreign Nationals must have 12 months PITI(A) in reserve for outstanding mortgage debt

Prepayment: 3 year

Seasoning Requirements: Call for details

Debt Service Coverage Ratio: 1x

Appraisal Required: Yes

Max Loan Amount: $1.5M

Min Loan Amount: $60K

Min Credit Score: 620

0 Votes

Hi Alex,

Welcome to Bigger Pockets. PM me your email address so I can send you information.

Best,

Dave

0 Votes

Fix and Flip Credit Line

Property Types: Residential 1-30 Units

Term: 9 month interest only

Rates: As low as 6.99%

Max As-is Purchase Price (LTC): 90%

Max Renovation Cost: 100%

Max After Repair Value (ARV): 70%

Occupancy: Non-Owner Occupied

Prepayment: 3 month

Seasoning Requirements: Call for details

Purchase or Refinance: Ok

Appraisal Required: Yes

Max Loan Amount: $5M

Min Loan Amount: $50K

Min Credit Score: 600

Fees and Required Inspections

Lender Points: 2%

Underwriting: $995

Doc Prep: $200

Appraisal: $450 or Market

Title: You are responsible to find your title company

Survey: Purchase transactions require a survey unless the title company waives requirement

Construction Inspections: $495 initial inspection collected at closing - $145 subsequent inspections

0 Votes

Low Doc Rental Loan

Property Types: Residential 1-30 Unit

Term: Fixed or ARMs

Rates: As low as 6.49%

Purchase or R&T Refinance: Up to 85% LTV

Cash Out Refinance: Up to 75% LTV

Occupancy: Non-Owner Occupied

Prepayment: 3 year

Seasoning Requirements: Call for details

Debt Service Coverage Ratio: 1x

Appraisal Required: Yes

Max Loan Amount: $1.5M

Min Loan Amount: $60K

Min Credit Score: 620

0 Votes

Great deal! I wish you much continued success.

1 Vote

If any of your buyers need financing. I'm at your service.

0 Votes

Let me know if anyone interested needs financing. I'm at your service.

0 Votes

Low Doc Long Term Rental Loans

• Property Types: Residential 1-30

• Term: 30 year Fixed or ARMs

• Rates: As low as 6.49%

• Purchase or Rate & Term Refi: 85% LTV

• Cash Out Refi: 75% LTV

• Occupancy: Tenant-Occupied Only

• Prepayment: 3 year

• Seasoning Requirements: Call for details

• Debt Service Coverage Ratio: 1x

• Max Loan Amount: $1.5M

• Min Loan Amount: $60K

• Min Credit Score: 620

0 Votes

All Forum Posts by: David N.

David N. has started 38 posts and replied 89 times.

Post: Foreign National Rental Loans

Foreign National Rental Loans

Post: A month out of the militrary, first fix and flip under contract

Post: Foreign National Rental Loans

Foreign National Rental Loans

Post: Want to enter into fix and flip.

Post: Fix and Flip Financing

Fix and Flip Credit Line

Post: Low Doc Rental Loans

Low Doc Rental Loan

Post: 75 unit reposition in Birmingham

Post: 24 Unit Property in Tampa

Post: Multifamily Package in Birmingham AL

Post: Large Portfolio Financing

Low Doc Long Term Rental Loans