All Forum Posts by: Eric Johnson

credit unions for the small stuff

why do you need to do that? Plenty of money out there..

+1 here

Please please please update your mobile app. The UI/UX needs significant improvement. A good mobile version of this site would be killer.

Are you looking for a finance contact? 

What type of deals are you looking to do? 

It entirely depends on context. From this post, not much of a conclusion can be derived to answer that question. Too many possibilities. 

Yes, its called a blanket loan, but that's a commercial product. If you want to take advantage of the low rates, you do know its based on personal qualifying income? 

CMBS, and asset based options are still in the high 4s/mid5s for pricing.

Well. Your only viable option is FHA 203k money. 3.50% down is about the lowest you'd be able to go & you can live in the property (they want you to at least for 1 yr).

Go get preapproved with a lender who specializes in 203k deals.

Seth, if you're looking to do fix and flips & need efficient access to capital, those deals are bread & butter for me. Happy to help you out with your scenario. We are no junk fees. Just deal structures that work.

Bobby, 

Alex had a good reply. Just know what you're being offered. You want to know your rate, leverage, closing costs, & prepayment penalty.

We screen based off of the DCR of the asset, no global calculations (I'm not sure what the function of that requirement is, it just boils down to how each financier analyzes their risk appetite).