All Forum Posts by: Robert Jay

Program Highlights:

• Commercial perm loan with Fannie agency pricing that is currently offering fixed interest rates between 7% to 7.5% as of 4/19/2024.
• Non-recourse.
• No tax returns, no paystubs, no W2’s, no 1099’s, and no debt to income ratios.
• Current closing timeframes are 30 days.
• We can also do refi cash outs to help you increase your real estate portfolio by acquiring additional properties.
• We service ALL 50 STATES and have over 100 years of combined commercial experience.
• A+ BBB rating.
• Terms: 5 year fixed with a 25 year amortization. We can do an exit refinance to extend the term.
• Do you currently have a hard money loan or bridge loan with an interest rate higher than 7%?
• Do you have equity in your building and want to tap into it?
• Are you looking to purchase an industrial property?

Listed below is what I refer to as the “sweet spot” regarding qualifying:

• Industrial properties only.
• The Fannie underwriter’s like to see a current lease in place that doesn’t expire for an additional 3 to 5 years. If the current lease is expiring within 2 years this isn’t necessarily a deal breaker, however the underwriter’s will need to know the likeliness of the tenant renewing.
• Stabilized property condition.

At Groves Capital we provide competitive commercial financing options for industrial, retail, and multifamily investors.

Call or text us today at 904-789-0012 or send an email to: [email protected]

Do you have a Bridge Loan that you need to get out of that's an ARM and about to adjust?

Do you have a Bridge Loan that has an interest rate cap?

If you answered yes to either of those questions I have a fixed rate long term Fannie agency refinance solution for you!

Here’s what this means for you:

• Fannie agency pricing which is currently offering fixed rates between 6.51% to 7.55% as of 10/5/2023.
• Non-recourse.
• No tax returns, no paystubs, no W2’s, no 1099’s, and no debt to income ratios.
• Current closing timeframes are 30 to 45 days.
• Refi cash outs are also available.
• Terms range from 5 years to 30 years fixed.
• 30 year amortization on all terms.
• Property must DSCR between 1.0 and 1.55.
• We present your scenario directly to a Fannie agency underwriter, and they provide term sheets, or soft quotes within 24 to 48 hours.

Listed below is what I refer to as the “sweet spot” regarding qualifying:

• 5+ unit multifamily properties.
• Minimum loan amount of $1M.
• Stabilized property condition.
• LTV's range from 55% to 80% depending on the property's DSCR.
• Property can be zoned residential, or commercial.
• We can offer this program in ALL STATES.

We bring commercial financing within the reach of multifamily investors. If you prefer having a single point of contact that is professional, acts with integrity, responsive, answers the phone, and responds to emails the same day, you’ll enjoy working with me.

I've been in the industry since 2004, I've been nominated in Scotsman's guide for over $65 million in production in 2017 and 2018. I've worked on tons of commercial deals, as well as residential. This program is literally a game changer for investors that are worried about their interest rate adjusting, and are looking for a long term fixed rate solution. I look forward to being a valuable long term resource.

Give me a call, send a text, shoot me an email, or post a comment.

The reason Foreign Nationals love doing business with us is because we don't have any credit checks, which means no minimum credit score, and we don't need any established credit history from your country of origin. 

You are now able to receive competitive interest rates, and hassle free “Fix and Flip” financing on residential investment, and commercial multifamily properties!

Here’s what this means for you:

• 10.99% fixed interest rate!
• We pay for your title fees!
• No pre-payment penalty.
• No more hassles with your current lender sending out the appraiser, and charging you $250 each time you finish a project. With us it's no hassles, you just send pictures of the completed work.
• No tax returns, no paystubs, no W2’s, no 1099’s, and no debt to income ratios.
• No DSCR, no rent rolls, no operating statements, and no STR projected income.
• No previous investor experience needed on 1 to 4 unit residential investment properties.
• On 5+ unit multifamily properties we do need you to have completed at least 1 rehab on a similar sized property within the last 5 years, or you can add someone who has experience.
• Down payment ranges between 30% to 10% depending on experience, but let’s say you have no experience, and you know someone who does, we can add them as a co-signor to reduce your down payment!
• No credit checks for Foreign Nationals.
• Current closing timeframes are 7 to 12 business days.
• We can offer this program in ALL STATES.
• Term = 12 months but can be extended.
• 100% rehab costs are covered up to 85% ARV (After rehab value).
• After you complete the rehab, if you decide to keep the property as a STR, or long term rental we can do an "exit refinance" into a DSCR or No Ratio loan (BRRRR)

Listed below is what I refer to as the “sweet spot” regarding qualifying on acquisitions:

• 1 to 4 unit residential investment properties. Single family residence, condo, townhome, multifamily.
• 5+ unit commercial multifamily properties.
• We can only close in the name of an entity (LLC or Inc.)
• Property MUST need rehab.
• Minimum credit score is 620 on residential properties.
• Minimum credit score is 660 on 5+ unit commercial multifamily properties.
• Is your credit score less than what we need? No problem, you can add a co-signor.
• Fixed rate. Interest only payments.
• Minimum loan amount is $75,000 on residential properties.
• Minimum loan amount is $500,000 on 5+ unit commercial multifamily properties.
• Property can be zoned residential, or commercial.

We bring private money, and commercial financing within the reach of commercial, multifamily, residential investment, and fix and flip investors. If you prefer having a single point of contact that is professional, acts with integrity, responsive, answers the phone, and responds to emails the same day, you’ll enjoy working with me.

I've been in the industry since 2004, I've been nominated in Scotsman's guide for over $65 million in production in 2017 and 2018. I've worked on tons of commercial deals, as well as residential. This program is literally a game changer for investors and Realtors, and I look forward to being a valuable long term resource.

Give me a call, send a text, shoot me an email, or post a comment.

Hey Kain,

I can offer competitive rates and terms on multifamily properties with agency Fannie commercial financing, or private money. 

Hey Parthenia,

I have the perfect loan program for you called "No Ratio" and the reason why it's a great program is because it's similar to DSCR in regard to no tax returns, no paystubs, and no income docs, however it differs because there is no DSCR. Airbnb's and STR's are perfect for this program because it doesn't matter how long the rental income has been received, or how much the rental income is. 30 year fixed term too!

Hey Melanne,

Let me know if your investor needs commercial agency or private money financing because I can offer competitive rates and terms. 

Hey Thatcher,

I have a DSCR and No Ratio program available that has a minimum loan amount of $75,000. The down payment would be 25%