All Forum Posts by: Carlos Flores

 Thanks for the referral Michael.

Yes, I was asking about the sponsoring institution(s).  Conduit type and asset allocations? 

Do you know the rating and concentrations of the underlying assets, and who the sponsors were?

For something that small, unless you're looking for a stated income loan (no personal income verification and no tax returns), you're best bet would be to call a couple of local community banks and credit unions.

@Rich Weese - wow, long time.  Making your to Dallas anytime soon?

Need more info. I'd look at agency backed debt first. You can do a supplemental up to 75% LTV after 12 months. Second scenario could be other agency execution or a bridge loan with declining prepay that fits your exit.

Nothing like being summoned to a thread and discovering my post from 3 years ago was removed within the last 3 days.  Don't remember what I said, but I'm 100% sure I wasn't affiliated with it or advertising.

Lisa B - I never had a Tax Lien Meetup.  Probably mentioned Arnie Abramson's program https://www.meetup.com/Texas-Tax-Sales-Meetup-Group/

A bank might also tell an out of towner no, when, in fact, they'd do the deal for a mortgage broker.

Technically FHA does offer multifamily loans that allow for commercial space. Commercial is limited to a certain percentage of net rentable area or EGI. These loans are not like the 1-4 unit FHA loans.

That said, it wouldn't be a fit for your scenario.

I can go to 80% LTC.  Call me.