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All Forum Posts by: Dominic Pizzi

Dominic Pizzi has started 44 posts and replied 207 times.

Post: DSCR Floor Rates at 6.50%, No appraisal Fix and Flip Loans

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Our newest floor rates are at 6.50% for our DSCR loans, we can get there on both purchases and refinances (80% Max LTV Purchase, 75% LTV Max Refinance LTV)

We now also do a No Appraisal Fix and Flip Loan! $75,000 min unit price (75K SFR, $150K duplex, etc, up to 4 units). Up to 90% LTC funding and between 85-100% rehab financing. Rates dependent on previous borrower experiences with Fix and Flips/Holds over the last 36 months.

Please don't hesitate to reach out with any questions you might have!

[email protected]

908-910-6955

Post: DSCR/Fix and Flip Loan Programs

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

If you are looking to get into the real estate investment space, and you have a prospective deal, send it over to me and lets see what we can make happen!

DSCR Loans:

80% LTV Max on Purchase

80% LTV Max on Rate & Term Refi

80% Max on Cash Out Refinance (specific parameters need to be met)

Fix and Flip Loans:

Up to 90% LTC, 100% rehab financing based on FICO score and previous projects completed. 

Message me if you have a deal you are looking to get accomplished!

Post: BrrrrLoans now doing 80% LTV Cashout Refinances!

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Something you should definitely be looking out for:

700 FICO score

1.15 DSCR

Lease has been in place for at least 6 months

Need some information? Shoot me a message

Post: Looking to build a team in Cleveland OH area

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Hey Jakub, we close deals in Cleveland all of the time. Minimum loan amount on these is 55K for us. Shoot me a message and lets set some time up to chat. 

Post: Private Money Lender / Gap Funding

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Marcus, send me a message. Would love to see how I can help out here. 

Post: How Are ADU's Appraised

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Hey Golan, 

Appraisers will include the ADU in their value aspect of the property, but more often than not, the Fair Market Rent that is to be seen on the property will only come from the main structure.

This also may depend on the appraiser or AMC you choose to use.

Post: Looking for lenders for multifamily investments

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Kain,

We work in GA quite often. Send me a message, would love to chat about what you have in mind!

Post: DSCR Lender Suggestions

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

Hi Parthenia!

I would be happy to help here if you have not found anyone that can work on this for you yet. Please send me a message so we can set up some time to chat!

Hey Carlos, 

One of my good friends, works for State Farm, their premiums have been fairly competitive. Shoot me a message and I can get you his contact information

Post: Cash Out Refinance @ 80% LTV!

Dominic PizziPosted
  • Lender
  • Freehold, NJ
  • Posts 235
  • Votes 85

You don't want to miss this one!

Cash Out Refinance at 80% LTV!

Rare across the industry, but BrrrrLoans can do it!

Requirements:

700+ FICO

1.15+ DSCR

Lease Agreement Needs to be at least 6 months seasoned (example, Lease Agreement start date of 03/01/2023)

Reach out with any questions or if this seems of interest to you!