All Forum Posts by: Nick Bednarczyk

As of June 24, 2024, commercial mortgage rates in Florida start as low as 5.33%. Here are some current commercial loan rates:

• Freddie Mac Optigo: 5.59%–7.11%
• Fannie Mae: 5.52%–6.79%
• HUD 223(f): 6.00%–6.70%
• CMBS: 6.35%–7.95%
• Regional Banks/Credit Unions: 6.77%–10.50%
• Life Insurance Companies: 5.60%–6.99%
• Debt Funds: 9.12%–15.37%
• HUD 221(d)(4): 6.60%–7.30%
• SBA 7(a): 10.75%–13.25%
• SBA Express loan rates: 12.75%–14.75%
• SBA CDC/504 loan rates: 6.597%–7.063%
• SBA Economic Injury Disaster Loan (EIDL) rates: 8%–13%

CALL ME WHEN YOUR LENDER SAYS NO. WE OFFER OVER 140 LENDERS NATIONWIDE. WE SAY YES!

For BRRRR investors, seasoning requirements can significantly impact your ability to quickly recycle your capital.

While most lenders require you to hold the loan for at least 6 months (aka "seasoning"), we offer cash-out refinancing as soon as the rehab is completed!

Here's why we are the is the preferred BRRRR lender for investors looking to put their money back to work quickly and scale their business:

1. BUY - Obtain short-term bridge financing to help you with investment property acquisition.
2. REHAB - With up to 100% rehab financing, you can stay liquid through renovations.
3. RENT - While many lenders require a renter to be in place, we use a 1007 appraisal for vacant properties and can refi the property into a DSCR loan whether or not you have a tenant.
4. REFINANCE - With our no seasoning requirements you can refi and pull cash out once rehab is complete, rather than waiting the typical 6-12 months that most lenders require.
5. REPEAT - Use those cash-out funds to put your money back to work and scale your business.

Partner with a lender who understands the needs of BRRRR investors! Our loan products are here to help you through each stage - shoot me a message or give me a call to get started.

Talk soon,

Over the years, I've worked with many investor loans. Fix and Flip, DSCR, construction, foreign national, etc. Ultimately, section 8 housing can be a great way to build your rental units due to guaranteed income. So i would check out the local government for section 8 payments in your area. At the end of the day, I would look at all the options you have for accessing the funding and liquidity that youll need. I hope this helps.

The answer is yes. If the newly built property is rented, a DSCR works beautifully. If ists not rented, then we could look at 1 bank statement or p/L loan to qualify. Either way, The lender will ask the reason and use of funds for the refinance. Some lenders have max cash out from each loan. You also could look at a line of credit on the property and pay interest on the money as you use it. So interest isn't paid until funds are withdrawn.

Happy to talk if you have questions.

Best regards,

 Hi Denise,

The first question that i would ask myself is how long do you need the money for and what you intend to do with the liquidity. Payoff debt, Streamline loans, or grow rental portfolio.

There are many ways to raise funds for future projects. Mortgage, Line of credit,heloc, heloan.

Lenders follow their own lending guidelines for investment properties. And Each lender may be different due to their own goals and liquidity. A little different than traditional fannie mae and va home loans. 

Happy to help you talk yourself thsought the process.