All Forum Posts by: Doran Summers

his down payment may need to be 25% to 30% plus 6 months in reserves. What he could possibly do is negotiate with the seller on why he seeking to sell. If to downgrade then maybe a cashout refi may work depending on how much debt is on the property and terms.

1% fee of what? $500,000? Are there any other fees upfront? There are better sources in the industry that off no fees upfront and up to 90% ltv or 75% Arv. Rates between 7% to 10%.

For which state?

Most that offer line of credit for fix and flips don't ask for fees upfront unless for appraisals or application. Applications fees most likely should be no more than $500. What were they offering? Just curious.

Allende Hernandez I've worked with lenders who can do 8% so it's doable. Depending on loan amount and experience, credit score etc.

I may be able to help depending on a few factors. 1) how many flips have you done in the past 24 months? 2) what's your credit score? 3) what's the Arv?

Justin Young . It depends on the arv and typically you would have to hold it at least 90 days.

It's some questions that most hard money need to know. 1) what's your credit score 2) how much cash are you bringing in? 3) what's the purchase price, rehab budget, Arv? 4) what's your exit strategy?

Our residential and commercial program specializes in NIV mortgage loans.

Par rates start at 6.75 % on loan amounts up to 2 million on non-owner occupied 1-4 unit , 5+ units, retail, office, and mixed-use properties.

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1. No Income Stated or Verified
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15. 1st Time Homebuyer or Buyer that Rents Their Primary Available
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are you looking for private financing or conventional? @Jennifer Story