All Forum Posts by: Magnus Wikström

HI @Carrie Kerley,

I'm assuming you only lend on properties in Missouri?

If you're lending on reimbursement basis, and charge good for it with an experienced borrower, you're pretty derisked still.

Do an unsecured credit line based on your cashflow of the business.

Hi @Anthony Gallagher,

Yes, second position mortgage is perhaps the best idea, but will only give you about $200k, if that's enough for your project.

@Sam Brock,

Nice deal.

1. Should be no issue. This is quite a normal deal for a lender, your numbers are good.

2. Yes, do DSCR. Separate mortgages.

3. You don't consider selling the properties at completion instead? Depends on preferences and net yield.

With this type of deals, you're not interested in building for investors, doing more projects? 

@Fara Heath

Cool deal!

Hi @Dan Condon,

Yes, exactly. We're investors.

Best,

Magnus

@Simmy Ahluwalia

You've got the numbers pretty much above. What else do you need?

@Simmy Ahluwalia

at 80% LTV?

Hi @Garry Miller,

I think it sounds doable. I'll send you a DM and maybe we can set up a call for after Easter.