All Forum Posts by: Josh Green

@Stephanie P.

This MIGHT be true but I'm skeptical. I've reached out to nearly a hundred lenders and actually got a couple that are offering these terms but the rate was just high enough that it comes out to basically the same piti as FHA (5-5.5%). Currently waiting on another lender, based on Chicago and licensed in FL, that claims he has had these types of loans pre covid and will know next month if it is rereleasing. Otherwise, they are only open for him in Illinois for now.

@Nick Belsky

Mind if you share those FL specific laws?

Also, how close do you mean by other lenders? I am open to maybe 90 ltv.

@Kevin Romines

You've taught me more in that 2 min read than I've learned speaking to at least 20 different lenders. Thank you very much, I recognize an expert when I see it 👍🏼

Are there still licensed portfolio lenders in FL that are experts in the residential multifamily zoned property space? What I mean by that is someone who can do:

-low down (<5%)

-low interest, 30 yr fixed

-no MI (ideally, spends on rate)

-loan size $300-550k

-not FHA! Nonconventional lending.

-owner occupant, 2-4 unit multifamily zoned

Just want to see if my expectations are realistic or not. Do they exist?? I have come into contact with 1 or 2 in other states but it seems less prominent here in FL?

Let me know what your thoughts are on this 🤷🏽‍♂️

Are there still licensed portfolio lenders in FL that are experts in the residential multifamily zoned property space? What I mean by that is someone who can do:

-low down (<5%)

-low interest, 30 yr fixed

-no MI (ideally, spends on rate)

-loan size $300-550k

-not FHA! Nonconventional lending.

-owner occupant, 2-4 unit multifamily zoned

Just want to see if my expectations are realistic or not. Do they exist?? I have come into contact with 1 or 2 in other states but it seems less prominent here in FL?

Are there still licensed portfolio lenders in FL that are experts in the residential multifamily zoned property space? What I mean by that is someone who can do:

-low down (<5%)

-low interest, 30 yr fixed

-no MI (ideally, spends on rate)

-loan size $300-550k

-not FHA! Nonconventional lending.

-owner occupant, 2-4 unit multifamily zoned

Just want to see if my expectations are realistic or not. Do they exist?? I have come into contact with 1 or 2 in other states but it seems less prominent here in FL?

@Giselle Black

Time in market > timing the market

Stocks and real estate alike

@John Leake

Are commercial brokers local commodities or national? Appreciate the tips! I'll get to calling around for commerical brokers.

@John Leake

Hey trying to do this and no luck still. Are you calling or emailing them typically? These firms don't usually post the individual's contact info from what I've seen...

@Frank McGovern

Hey I've reached out to a ton of brokers and still haven't found anyone that knows or can do this kind of financing. Have you personally used a loan such as this or know anyone who has?