All Forum Posts by: Khemraj Sarju Jr.
Khemraj Sarju Jr. has started 2 posts and replied 80 times.
Post: Looking to connect with hard money lenders.
- Lender
- Posts 115
- Votes 29
Quote from @Dylan Litman:
Hello, I would like to connect with lenders in the Akron area. Would like to find someone who would lend the purchase amount plus the rehab costs... pay back with refinance. If you have any recommendations, I would appreciate it!
As long as 75% of the ARV can cover your purchase price and rehab, you can easily get into this with no down payment.
Post: Rates, Fees, and Terms for Gap Funding
- Lender
- Posts 115
- Votes 29
Quote from @Eric Boshart:
Wanted to gain some market intel on what the going rates, fees, and terms are for a typical gap loan on a fix-and-flip property. Been looking at providing this product as well as taking a gap loan on for a fix and flip I'm looking at. Just gathering market intel at this point. Thanks!
How much in dollar amount are you looking for in a gap?
Post: SFR DSCR terms?
- Lender
- Posts 115
- Votes 29
High LTVs, wholesale rates and only 30 day seasonings! Nationwide.
Post: 6 month cash out refinance still applicable?
- Lender
- Posts 115
- Votes 29
Quote from @Daniel O'Dowd:
Anyone finding lenders who do 6 month cash out refinances lately? All of the lenders I’ve used are/have pivoted to 12 month seasoning periods. Not sure if this is a product of the changing times or its just time to look for new lenders
30 days seasonings is one of our specialties.
Post: 100% Financing on Fix and Flips and Ground Up Nationwide
- Lender
- Posts 115
- Votes 29
Quote from @Hans Waisfeld:
this is amazing! can we connect via email so i keep you in mind
Of course. Message me!
Post: 100% Financing on Fix and Flips and Ground Up Nationwide
- Lender
- Posts 115
- Votes 29
Quote from @Michael Smythe:
Minimum loan amounts and property values?
$50k Min Loan Amount
$66k min ARV
Post: Business Line of Credit to purchase Real Estate
- Lender
- Posts 115
- Votes 29
Quote from @Joseph Villegas:
Has anyone used a Business Line of Credit to purchase real estate? I’m considering getting one for my business and using it to purchase rental properties. I’m placing the rental properties under my business entity. Depending on how much I’m approved for, I’m thinking of using it to purchase 100% of it or at least the 20% down payment.
What do y’all think of this strategy?
This is awesome. We offer this to investors looking for gap funding.
Post: Seasoning Periods for cash out Refi's?
- Lender
- Posts 115
- Votes 29
Quote from @Jordan Fair:
Hello everyone! Im being told different things by different lenders on seasoning periods for cash out refi's. Some lenders say 6 months, some tell me 3 months, some say me no seasoning period to do a cash out refi. Is there a general rule of thumb on timeline to do a cash out refi if you buy a property equity from the start? Are there any laws on doing a cash out within 6 months? Within 3 months? Any insight on this would be appreciated! Thank you
30 Day Seasoning
Post: 100% Financing on Fix and Flips and Ground Up Nationwide
- Lender
- Posts 115
- Votes 29
Quote from @Matthew Bernal:
Do you guys offer white-label programs for partners? I do my own investments and have a pretty robust network of investors who would love these products and your mission. Let's connect!
Of course. Message me
Post: 100% Financing on Fix and Flips and Ground Up Nationwide
- Lender
- Posts 115
- Votes 29
100% Financing With NO Down Payment
FIX-TO-FLIP LOANS
FIX-TO-RENT LOANS
GROUND-UP LOANS
OUR INDEPENDENCE IS YOUR ADVANTAGE
We lend our own money and make our own decisions.
FAST Close quickly, with funding as fast as 10–15 business days.
RELIABLE We don’t need third-party approval.
FLEXIBLE We use Commonsense underwriting processes, tailored to your individual situation.
Here are just three ways working with us benefits our borrowers:
1. No down payment! Other lenders require a 10%-20% down payment. We require ZERO...yes, that’s right—0%.*
2. YOU are considered the asset! Other lenders underwrite loans based on the property’s asset value as well as the borrower’s liquidity, credit, and experience.
Similarly, when we look at your liquidity and credit, we another step further and also review your income and cash flow.
Why? The reason we can offer loans with 100% financing and no down payment is that we can track your cash flow and your success as they become more predictable — even if this is your first time with a fix-and-flip or fix-to-rent property! Naturally, any past experiences you’ve had with renovations are also considered.
3. We keep it all in-house! We are focused on OUR MUTUAL SUCCESS, so we do not let outside forces determine our lending decisions. Other lenders are reliant on Wall Street underwriting guidelines and warehouse lines tied to these guidelines. With our own fund of capital in-house and over 50 years of combined lending experience, we made the 100% product independent of outside influences. All decisions are made in-house. Ninety-nine percent of our short-term loans will remain in- house and on our balance sheet. The benefits to you include commonsense and relationship lending that you can depend on, regardless of market changes.
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