Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Steven Lee

Steven Lee has started 343 posts and replied 400 times.

Post: 100% vacant multifamily rehab

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Rebecca,

If the property has 0 balance and the property value is there. I can get this funded up to 65% LTV with no appraisal. This would be funded with one of our private investors.

Post: Cash Out Refi Max LTV?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Panos,

What is your situation you need to go higher than 80% LTV on a cash out?

Post: Portfolio where the per unit price is sub 75K - anyone lending?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Hi Karolina,

Are you open to a 5 or 10 Year Interest only program? If, so please let me know. I could assist you. I look forward to hearing from you.

Post: Debt Service Coverage Ratio

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Hi Ann. 

I would love to answer all your questions you may have. Are you trying to refinance your existing rental property or a Fix & Flip and do a BRRR? We can fund your loan even if you're debt service ratio is at a .75%

I would need to know your current balance and value of your property. Please feel free to reach out. I look forward to hearing from you.

Post: Real Estate Investors! Need to Purchase or Refinance into a DSCR Loan?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Attention: Real Estate Investors! RCD Capital is your trusted Direct Lender for Real Estate Investments Financing!

· We lend throughout the United States, offering funding in just 12-14 business days.

· Foreign National

· Single Family Residence · 1-4 Units · Commercial Buildings · Multi Family · DSCRLoans · · Portfolio Loans · Fix & Flip · New Construction

Bridge Loans

· 1 – 4 Single Family Residence & Townhomes

· Up to 80% LTV

· $100,000 to 5 Million Loan Amount

· No prepayment penalty on 1 year term

· Pricing discount for experienced borrowers

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

DSCR Rental Loans

· 1 – 4 Single Family Residence

· Up to 80% LTV

· $75,000 to 5 Million Loan Amount

· Minimal DSCR requirements

· Portfolio Loan

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

Fix & Flip

· 1-4 Single Family Residence & Townhomes

· Up to 90% Purchase Price + 100% Rehab

· 25% Advance Rehab Funds

· 95% LTC

· Monthly payments rolled into the loan

· $75,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 660 + Credit Score

· LLC, LLP, or Corporation

New Construction

· 1- 4 Single Family Residence & Townhomes

· Up to 75% Purchase Price + 100% Rehab

· Monthly payments rolled into the loan

· 90% LTC

· $100,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

Multi Family

· 5 Unit +

· Up to 80% Purchase + 100% Rehab

· Up to 75% Refinance

· $250,000 Minimum Loan Amount

· 12 to 18 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

California Finance Lender 60DBO-76030 · NMLS 1722515

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,Tennessee, Texas, Utah, Vermont, Virginia, Washington,West Virginia, Wisconsin, Wyoming

Post: Real Estate Investors! Is your loan coming due? Need to Refinance your loan?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Attention: Real Estate Investors! RCD Capital is your trusted Direct Lender for Real Estate Investments Financing!

· We lend throughout the United States, offering funding in just 12-14 business days.

· Foreign National

· Single Family Residence · 1-4 Units · Commercial Buildings · Multi Family · DSCRLoans · · Portfolio Loans · Fix & Flip · New Construction

Bridge Loans

· 1 – 4 Single Family Residence & Townhomes

· Up to 80% LTV

· $100,000 to 5 Million Loan Amount

· No prepayment penalty on 1 year term

· Pricing discount for experienced borrowers

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

DSCR Rental Loans

· 1 – 4 Single Family Residence

· Up to 80% LTV

· $75,000 to 5 Million Loan Amount

· Minimal DSCR requirements

· Portfolio Loan

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

Fix & Flip

· 1-4 Single Family Residence & Townhomes

· Up to 90% Purchase Price + 100% Rehab

· 25% Advance Rehab Funds

· 95% LTC

· Monthly payments rolled into the loan

· $75,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 660 + Credit Score

· LLC, LLP, or Corporation

New Construction

· 1- 4 Single Family Residence & Townhomes

· Up to 75% Purchase Price + 100% Rehab

· Monthly payments rolled into the loan

· 90% LTC

· $100,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

Multi Family

· 5 Unit +

· Up to 80% Purchase + 100% Rehab

· Up to 75% Refinance

· $250,000 Minimum Loan Amount

· 12 to 18 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

California Finance Lender 60DBO-76030 · NMLS 1722515

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,Tennessee, Texas, Utah, Vermont, Virginia, Washington,West Virginia, Wisconsin, Wyoming

Post: Real Estate Investors! Do you need to Refinance into a DSCR Loan?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Attention: Real Estate Investors! RCD Capital is your trusted Direct Lender for Real Estate Investments Financing!

· We lend throughout the United States, offering funding in just 12-14 business days.

· Foreign National

· Single Family Residence · 1-4 Units · Commercial Buildings · Multi Family · DSCRLoans · · Portfolio Loans · Fix & Flip · New Construction

Bridge Loans

· 1 – 4 Single Family Residence & Townhomes

· Up to 80% LTV

· $100,000 to 5 Million Loan Amount

· No prepayment penalty on 1 year term

· Pricing discount for experienced borrowers

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

DSCR Rental Loans

· 1 – 4 Single Family Residence

· Up to 80% LTV

· $75,000 to 5 Million Loan Amount

· Minimal DSCR requirements

· Portfolio Loan

· 660 Minimum Credit Score

· LLC, LLP, or Corporation

Fix & Flip

· 1-4 Single Family Residence & Townhomes

· Up to 90% Purchase Price + 100% Rehab

· 25% Advance Rehab Funds

· 95% LTC

· Monthly payments rolled into the loan

· $75,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 660 + Credit Score

· LLC, LLP, or Corporation

New Construction

· 1- 4 Single Family Residence & Townhomes

· Up to 75% Purchase Price + 100% Rehab

· Monthly payments rolled into the loan

· 90% LTC

· $100,000 to 4 Million Loan Amount

· Up to 24 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

Multi Family

· 5 Unit +

· Up to 80% Purchase + 100% Rehab

· Up to 75% Refinance

· $250,000 Minimum Loan Amount

· 12 to 18 Month Term

· 680 + Credit Score

· LLC, LLP, or Corporation

California Finance Lender 60DBO-76030 · NMLS 1722515

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,Tennessee, Texas, Utah, Vermont, Virginia, Washington,West Virginia, Wisconsin, Wyoming

Post: Looking for hard money lenders for foreclosure property.

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Hello Charwak! How much are you planning to bid and also how much do you have for a down payment? 

Post: Notice of Default - Process and options

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Hi Steve,

I'm sorry you're in the situation. What caused you to get into a NOD? I might be able to help you get out of the notice of default. I have investor who do bail out loans. Please let me know if I can be of any assistance. Thank you!

Post: Real Estate Investors! Need to Refinance into a DSCR Loan?

Steven Lee
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 453
  • Votes 37

Hi Juan!

I will send you a message. I can have Alicia assist you.