All Forum Posts by: Jack Mawer

As a realtor, I've found a couple deals on and off-market in the DFW, just needing a PML/HML to close and perform with on future deals. Can anyone recommend a lender that works with investors on their first flip? I am looking to build a long term relationship, with terms that benefit us both.

@Jack Mawer Hi Jack. Thanks for the reply. A 10 year term IO, amortized over 20 years would probably work for this deal. It might actually be better as this is a value add with rents ~36% below market at the moment, which is why I was originally looking for a 30 year ammo. I would need to run the numbers, but would love to connect. What type of rates do you have with this product?

I’m afraid getting this to underwrite at a 1.25x might be difficult using the current rent roll and only a 25% down payment, which is why it’ll need to be 30 year amortizing or IO. Open to other suggestions.