All Forum Posts by: Eric Johnson

@Kiet Tran message me. Shoreside has an excellent direct lending platform for flips.

@Brian Schroeder what are you looking to do exactly? 

Wholly depends on the scenario.. you cannot realistically expect to pay what Mike got because his asset (I mean the subject deal being financed) and personal borrower/credit profile are likely very different than yours. 

I've done many blanket loans & I've had clients use those Delaware SPE LLC docs. Unless there's specific language you want to include (doesnt sound like it), then just get it done and into underwriting. It's not an issue.

Osvaldo, what are your goals? 

I am happy to advise on debt strategies & capital markets. Give me a DM if you're still looking for help.

Michael, are you refinancing all of those properties with your personal income? If so, go to a local bank or credit union that offers conventional investment products.. 

It's a VA IRRRL loan. IRRRLs are (interest rate reduction loan) streamlined because theres no loss of equity (ie a cashout).

NINA (no income no assets) is commonly accepted for IRRRLs. If there's something strange, underwriting may request some supplementary docs.

Hi Ed, what financing option are you looking for? Thanks

send me the deal in my DM.

Address:

Asset Type (SFR, 2 unit, 3 unit, 4 unit):

Purchase Price: 

Construction estimate: 

Brief Description of Scope of Work (Light, moderate, heavy rehab, adding square footage?): 

After Repair Value:

Estimated FICO:

# Of Deals Done in last 36 months similar to this request: 

Exit Strategy (sell or refi):