All Forum Posts by: Marty Johnston

@Ryan Mainwaring, I would love to discuss this opportunity with you. Are you only looking to work with Direct Lenders? Or are you open to a broker partnership. We have a vast network of lenders numbering over 100, 20,000 private investors, and 30 family offices around the globe. If you're looking for both Rehab loans, and Permanent loans, we can be very competitive for both - especially with your companies already proven experience.

Would love to see what we can offer you on this deal, to see if we are a fit. We can let you know within 24 hrs. Will send PM as well.

Thank you, Ryan.

Best Regards,

Marty Johnston

11 Capital Finance

@Chris B., Would love to see if we can be competitive for you. We offer every kind of loans options - Permanent Financing, Cash-out Refi's (with as low as 30-day Seasoning periods!) Fix and Flip loans, Bridge loans for quick acquisition, Ground up Construction, Transactional funding for wholesalers needing capital for a double close and so on.

We operate nation-wide in all 50 states, and offer loans for SFR's, 2-4 unit, 5+ MF, Retail, Mixed use, Mobile Home parks, casinos, hotels etc. You name it! We are connected to 110 direct lenders, 20,000 private investors, and 30 family offices around the globe. We have programs for you, I'd love to see if we fit for your needs.

Would love to talk and evaluate a deal that you might be pursuing at this time. We can let you know within 24 hrs what we can offer you. If you like it, we can move very quickly!

Thanks, Chris. I look forward to hearing from you.

Best Regards,

Marty Johnston

11 Capital Finance

@Jeff Geeseman,

Have you secured financing for this refinance? If so, congratulations! If not, I'd love to see if I can be of assistance. I'll send you an e-mail now with company info, as well as the additional preliminary info I need to evaluate your deal and see what programs we can offer you.

I look forward to hearing from you!

Best Regards,

Marty Johnston / 920-285-8900 / [email protected]

www.11capitalfinance.com

Alex,

I'd love to speak with you about this opportunity! I am a representative with 11 Capital Finance - a nationwide Commercial Mortgage Brokerage. We work with over 100 Asset-based HML's and Perm-financing lenders. Depending on the size of the project, we also have 20,000 private investors, and 30 family offices for equity projects.

On the debt side, we offer short term and perm-loans from $45k - $300MM. Equity side, we typically look for a minimum of $5MM, with no maximum. In addition, we now work closely with NPO's and charities - is your organization or this project have any part of a 501(c)?

Would you be available for a call Monday sometime?

Best Regards,

Marty Johnston / 920-285-8900 / [email protected]

www.11capitalfinance.com

www.11capitalfinance.com/bgb

Donald,

I'd love to speak with you about this project. I just sent you an e-mail with some info about our company and interest in assisting from a debt stand-point on this project. Would love to gather more information about the project/property!

I hope to hear from you soon.

Best Regards,

Marty Johnston / 920-285-8900 / [email protected]

www.11capitalfinance.com

@James Perez, you have a plethora of options for HML's right now. As you said, they are popping up all over, and be careful not to find yourself among a scammer. Your going to find varying rates on HML to be between 9-15%, between 3-5 pts. Because this is your first deal, you will likely not receive the highest LTV's and best rates and terms available, and while your FICO will not limit your potentials to get a HML, it will certainly allow you to get into some better programs if you have a higher FICO and liquidity.

I always tell borrowers, you are a risk assessment to the lender, and everything is considered. Yes, in commercial and HM spaces, it is more based on the asset. However, you are still part of the equation... They aren't throwing money at 10-unit apartment building, they're throwing it at the borrower who's going to fix it. If you have a history of gambling problems and not paying your bills, the "asset based lender" still isn't going to give you their money. Just  food for thought, and hope it helps!

Best Regards,

Marty

@Aaron M.

I would echo @Stephanie P. 's advice about being careful when blanketing properties. Don't get me wrong, many investors do it, and in many circumstances it works out for them, but you ought to be aware of that negative.

Also, unless you find another PML, you will be extremely hard pressed to find a cash-out refi with a 5.5% interest. It will be more like 8-10% when you pull cash-out, that's typically market at the moment. Also, 80% LTV is possible, but most often you will find a MAX LTV on cash-outs to be 75%, and even then, most lenders will find any reason to limit you to a 70% LTV.

Best of luck! If you do find a lender willing to offer those terms, please report back! I'd love to speak with them as wel! ha

Best REgards,

Marty

Ross,

You have options here. There are lenders out there with 30-day seasoning as well, just have to find them. Feel free to PM me for more info. Because you are not in a current loan, this will make things much easier for you as well. Lenders love to hear free and clear! This shouldn't be an issue. Obviously your FICO and experience will assist in dictating your rates and terms, but you are likely to see around 65-75% MAX LTV on a cash-out for a 1-4 unit, Foreign nationals can expect to see a 5% reduction in LTV.

Hope this helps!

Best Regards,

@Wesley Weber
I'd love to speak with you about your deals and send you over some additional info. We're a Commercial Mortgage Brokerage with 110 lenders, 20,000 private investors, and 30 family offices with a large pool of rehab programs available. Let's talk! PM me with your preferred e-mail and I'll send you over additional company and program info along with a Rate Matrix.

Best Regards, Marty

Sam,

Still working on finding this, but I will be sure to keep you in the loop when I do!

Best of luck in the mean time!

Marty J