All Forum Posts by: Debbie Fales

With your considerable experience and, I'm assuming, strong credit score, you would be well-positioned to receive high leverage and low rates from most private lenders. You have a strong hand when it comes to negotiating financing. 

Have you considered dropping by one of your local REIA meetings to see what lenders your peers are using? It's always nice to get a personal referral.

Congrats! It sounds like you're well on your way to creating generational wealth. We are a direct private lender headquartered here in Maryland but lending up and down the East Coast and out to the Midwest. Keep us in mind if you're looking to leverage your success. 

In areas with exceedingly tight housing inventory and high prices, sometimes new construction is the only way in. We lend up to 85% of the build costs but, generally, require that our borrowers have some experience with ground-up construction. 

Thoughtful analysis, @Alan Asriants. It's hard to make the numbers work on a DSCR loan these days although we do have clients who do it - especially in the multi-family space. We are also seeing lots of folks pivot to new construction where there can be a lot more upside.

Best of luck to you!

Depending on the as-is value of the property, we may be able to help. Where is the property located? Feel free to DM me for a quote.

All the best,

Debbie

Have you considered a fix and rent approach? You could rehab a distressed property using a fix-and-flip loan and then refinance the loan into a long-term DSCR once the repairs are finished. That way you could unlock the equity quickly and deploy it on your next project. Rinse and repeat.

Good luck on your journey! 

As lenders, we are biased toward leverage for many of the reasons already mentioned. Although a cash offer may help you win the property or gain concessions in the short-term, there are long-term benefits to using debt. 

Amplified Returns: Rental income and potential appreciation are magnified because they work on the entire property value, not just your down payment. It revs up your investment engine!

​Build a Portfolio Powerhouse: Leverage lets you acquire multiple properties, accelerating your path to generational wealth.

Tax Advantages: Mortgage interest and depreciation can be tax-deductible, further sweetening the deal.

Best of luck to you! 

Are you looking for your next real estate investment project?

Take a look at 118 Linden Avenue, located in the historic Park View neighborhood in Portsmouth, Virginia. Originally developed in the late 19th century, Park View offers a blend of old-world charm and modern convenience. This single-family home is a commuter's dream, situated near Interstate 264 and the Naval Medical Center.

This fixer-upper has considerable unlocked potential with nearly 1500 square feet of living space and sits on a level, grassy lot. It is ripe for rehab. Put in some sweat equity and turn this 3 BR 2.5 BA property into a welcoming nest.

118 Linden Avenue is listed at $214.5K and is priced to sell. Choose your own exit strategy! Fix it up and flip it–pocketing the profits. Or, fix it up and rent it out–creating a long-term passive income stream.

Whatever you choose, NavCap can help finance the deal. We can fund up to 75% LTV through our fix and flip loan product. If you choose to rent the property ultimately, we can easily refinance your short-term loan into a long-term DSCR.

Click the link below for more details:

See The Listing

How Can We Help You?

If you’re in search of your next reno project, check out our entire list of available properties on our website. Or, if you want to discuss financing, give us a call at 888.444.3160 or email us at [email protected].

We are a direct private lender based in Maryland but lending nationwide. We offer a competitive fix and flip product with LTV to 75%. I'd be happy to get you a free, no-obligation quote for your Montgomery Co project. DM me for details.

Best of luck!

Are you a mortgage broker with real estate investor clients? 

Please join us this Thursday as we discuss the most recent updates to our popular DSCR Loan program. We recently reduced our rates and fees (to include no-point loans), making us more competitive than most other lenders in the marketplace.

Our Zero Point DSCR loan product has generated considerable demand for new and refinanced rental loans. On this call, we'll walk through the guidelines to help you market it to your investor clients. See the current terms below:

> Purchase, Rate Refinance, Cash-Out Refinance

> Rates From High-6s

> Loans From $100K to $3.5M

> Residential Single (1-4 Units) And Multi-Family (5-8 Units)

> 30-year, 20-year, and 15-year Fixed OR 5, 7, and 10-year ARM

> Credit 640+

Have questions ahead of the call? Reach out to [email protected] or 443.228.8182.