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All Forum Posts by: David N.

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

Post: Low Doc Rental Loans (Large Portfolios Welcome)

David N.Posted
  • Lender
  • Elmhurst, IL
  • Posts 100
  • Votes 24

Low Doc Rental Loan

  • Property Types: Residential 1-4 Unit
  • Term: 30 year Fixed or ARMs
  • Rates: As low as 6.49%
  • Purchase or Rate & Term Refi: Up to 85% LTV
  • Cash Out Refi: Up to 75% LTV
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 year (3%-2%-1%)
  • Seasoning Requirements: Call for details
  • DSCR Requirement: 1.0x
  • Appraisal Required: Yes
  • Loans Amount:Up to $1.5 Million
  • FICO Score: 620 min
  • Fix and Flip Credit Line

  • Property Types: Residential 1-4 Unit
  • Term: 9 month interest only
  • Rates: As low as 6.99%
  • Loan to Cost (as-is purchase): Up to 90%
  • Rehab Cost: Up to 100%
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 month
  • Seasoning Requirements: Call for details
  • Purchase or Refinance: Ok
  • Appraisal Required: Yes
  • Loans Amount:Up to $5 Million
  • FICO Score: 600 min
  • Post: Putting my Solo401k funds to work as a lender

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    Awesome success story! Great job Susan.

    Post: Low Doc Rental Loans (Large Portfolios Welcome)

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    If you want to acquire or refinance a large portfolio of 1-4 residential property. We'd love to hear from you!

    Best,

    Dave Nunez

    312-628-1162

    [email protected]

    Post: Large Portfolio Financing

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    If you have a large portfolio of 1-4 unit residential property you want to refinance into a long term financing with a simple low doc process. We have extensive experience financing large portfolios. We'd love to hear from you.

    Dave Nunez

    312-628-1162

    [email protected]

    Post: Fix and Flip & Low Doc Rental Loans

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    REHAB FIX & FLIP LOAN

  • Property Types: Residential 1-4 Units
  • Term: 9 Months
  • Rates: As low as 6.99%
  • Purchase Price (LTC): Up to 90%
  • Rehab Costs: Up to 100%
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 month’s interest
  • Purchase or Refinance: OK
  • Loans up to $5 Million
  • FICO Score: 600 minimum
  • LONG TERM RENTAL LOAN

  • Property Types: Residential 1-4 Units (4+ case by case)
  • Term: 30 year Fixed or ARMs
  • Rates: As low as 6.49%
  • Purchase or R&T Refi: 85% LTV
  • Cash Out Refi: 75% LTV
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 year (3%-2%-1%)
  • Seasoning Requirements: Call for details
  • DSCR Requirements: 1.0x
  • Loans up to $1.5 Million
  • FICO Score: 620 minimum
  • David Nunez

    312-628-1162

    [email protected]

    Post: Still looking for a portfolio lender for Indianapolis area

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    I still have 85% LTV on a rate, and term and 75% LTV on cash out with low doc loan.

    Post: Low Doc Rental Loans (Large Portfolios Welcome)

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    LOW DOC RENTAL LOAN

  • Property Type: Residential 1-4 Units 
  • Term: 30 year Fixed or Fully Amortizing ARMs
  • Rates: As low as 6.49%
  • Purchase or R&T Refinance: 85% LTV
  • Cash Out Refinance: 75% LTV
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 year (3%-2%-1%)
  • Seasoning Requirements: Call for details
  • DSCR Requirements: 1.0x
  • Loans up to $1.5 Million
  • FICO Score: 620 minimum
  • If you own or want to acquire a large portfolio of 1-4 unit residential property. We have extensive experience financing large portfolios. We'd love to hear from you!

    Dave Nunez

    312-628-1162

    [email protected]

    www.constructiveloans.com

    Hi Al,

    I suggest asking the broker for an explanation.  

    Good luck,

    Dave   

    Post: I have a deal. Now how do I get funding.

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    Most lenders want to know your assets, investor experience, credit scores, and about the property itself to determine how much to lend you. It's okay if you're a new investor, but you're going to need decent credit scores, and decent cash reserves to start.

    As a newbie most lenders will lend on 80% of the purchase, and 85% of the rehab. Initially you'll need to have your fair share of skin in the game since you don't have a track record, but as you gain experience lenders will finance bigger portions of the deal.

    Best,

    Dave 

    Post: Fix and Flip Financing

    David N.Posted
    • Lender
    • Elmhurst, IL
    • Posts 100
    • Votes 24

    REHAB FIX & FLIP LOAN

  • Property Type: 1-4 Residential
  • Term: 9 Month
  • Purchase Price (LTC): up to 90%
  • Rehab Costs: up to 100%
  • Max ARV: up to 70%
  • FICO Score: 620 minimum
  • Occupancy: Non-Owner Occupied
  • Prepayment: 3 month
  • Rate: as low as 6.99%
  • Points: 2%
  • Processing: $995
  • Doc Prep: $200
  • Appraisal: $450+ depending on market
  • Dave Nunez

    312-628-1162

    [email protected]

    www.constructiveloans.com