All Forum Posts by: Scott Miller

There are few ways to get to 90 LTV in commercial---they are:

- 80% LTV Lender 1st + 10% Seller 2nd + 10% Down Payment
- 80% LTV Lender 1st + 10% Unsecured LOC + 10% Down Payment
- 90% LTV Lender 1st + 10% Down Payment

I would need to know the particulars about the property/cash flow before I could suggest alternatives---I'll PM you to continue this discussion.

Regards,

Scott Miller

From a financing standpoint, options are slim and expect to put down anywhere between 30-35%.

Regards,

Scott Miller

I thought I'd clarify a misunderstanding some of you seem to be prescribing to---the 203k is not credit score based (when you manually underwrite---such is true only when are going AU)...

Regards,

Scott Miller

There are several commercial loan programs that allow for 90 LTV in both a STATED & FULL DOC versions---what are you seeking to finance?

Regards,

Scott Miller

I can assist you with hard money rehab in FL if this is your desire---65 ARV-No income/employment/asset/credit verification required-13.50% + 0 Points + 1500 fees for a 3-5 YR ARM...

Regards,

Scott Miller

FHASecure should help in mitigating the future foreclosure ratio to some degree---I've read somewhere that loans on investment properties are as high as 23%...

Regards,

Scott Miller

Getting to 90 LTV isn't an obstacle, it's the allowance for a subordinated seller second to 100 CLTV that will give you a problem---I'm not aware of any lender that will allow this configuration.

There are hard money programs that would allow the borrower to get to 100 CLTV, but it would require increased seller participation (on the magnitude of between 35-40%).

Regards,

Scott Miller

Generally speaking, the longer the holding period, the smaller the profit margin---the holding fees are expenses that directly impact your ROI (as well as selling/buying fees, etc.).

Regards,

Scott Miller

John,

Currently there are no min. loan requirements and the max. is currently set at 1 million (although underwriting will review larger loan requests on a case by case basis).

The level of fractionalization is not an issue.

Regards,

Scott Miller

[quote="REI
Scott,

Are there any min or max loan sizes for a fractional property? Does it matter how many or how few fractions there are? I know some deals where a condotel is divided into 1/4 parcels. In other cases you are buying 1/52 of the condotel unit.

John Corey

80 LTV is the current benchmark for investors (whether it be fractionalized or whole ownership) in either a FULL DOC or SIVA submission---there is a lender that use to go to 90 LTV for whole ownership in just FL, but I would need to refresh myself to determine if guidelines changes have occured.

Regards,

Scott Miller