All Forum Posts by: Robert Jay

Quote from @Ryan Finniss:

Im currently closing on a 3 property deal. One being a commercial (fully equipped Auto body shop, long term tennant , turn key.) Looking for any recommendations on any companies that refinance commercial preferably no doc value based. Any help or input would be great as im having a hard time finding refinancing options on commercial that does value based no doc. 

Hey Ryan,

I have a commercial "no ratio" program, and it does not have any DSCR requirements. The rates range from the 10's to 12's and can close quickly. No tax returns, no income docs either.

Quote from @Katrina Derrico:

Looking for a unicorn.   Best company for a short term bridge loan $500,000 to $750,000.  Fast funding.  Security would be primary residence and 4 rental properties.  Value $2.9mil 1st mortgages on all properties total $1.9mil.   Does this exist?  

Hey Katrina,

I have competitive private money bridge rates on the rental properties, but I wouldn't be able to assist with your primary residence. 

Quote from @Lianne Ottaviano:

Hi all, I'm a foreign national from Canada. I have investment properties in a few states and looking for more. I am finding it extremely difficult to find good LTV and good rates to refi and scale. Does anyone have recommendations on the lender that has a really good product for my situation I have an ITIN and LLCs.

Hey Lianne,

I have the perfect program for you and it's a DSCR loan program with a 30 year fixed term, and the rate is currently at 8.25% There's no tax returns, paystubs or any debt to income ratios. All we need is for the current rent or market rent for the area to cover the mortgage payment. Since you are a Foreign National there is no credit check either. Send me an email with the details to: [email protected] and I can provide you with a term sheet within 24 to 48 hours. 

Quote from @Gary Waldman:

Financing sought to purchase an amazing, undervalued 50,000+ sf entertainment complex in a major U.S. tourist destination.

LTV >50%

- Seeking $1.3 - 1.7M secured by 1st lien
- Property appraised at $3.28M
- 60+ years combined owner/operator industry experience
- offering +/- 12% interest only for 12 months (30-year amortization)
- Exit strategy USDA-guaranteed loan in 12 mos maximum (property deemed eligible)
- Possible seller 2nd if necessary
- 10M+ anticipated annual gross income

Hey Gary,

I have the perfect program for you. It's a short term loan at 2.5% interest, and the monthly payments are interest only. Seller financing and mezzanine financing is allowed. Send me an email with the details to: [email protected] and I'll have a term sheet over to you within 48 hours. 

Are you a land developer that needs financing to develop the land, and then sell to a home builder?

Are you a land developer that needs financing to develop the land, and then build home sites?

If you answered “Yes” to any of these questions we have a solution! You are now able to receive competitive “short term” financing on land!

Here’s what this means for you:

• No credit score requirements.
• Interest rate is 2.5% fixed, and interest only to keep your payments low.
• You must have an “exit strategy”.
• Term is 3 to 6 months but can be extended on a case by case basis.
• No tax returns, paystubs, W2’s, or 1099’s.
• Current closing timeframes are 3 to 4 weeks.
• We can close the loan in the name of an entity (LLC or Inc.)
• Minimum loan amount is $500,000.
• Max loan amount is $10 Million.
• Seller financing and Mezzanine financing is allowed on acquisitions, and refinances. Must be in 2nd lien position as a subordinate.
• The underwriters may request to see a limited master plan, construction budget, permits / approvals, BOV, and development timeline.

We bring private money within the reach of land, commercial, multifamily, 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. When your bank says no this program says yes!

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

Quote from @Logan M.:

@Robert Jay, spill the beans for @Chris Seveney and I.

If it is not a scam how are you doing it and who is your rich uncle?

I work with different lenders that offer various products and programs. This particular lender has a unique niche with competitive pricing. Let me know if you have a scenario and I'll be able to provide a term sheet within 24 to 48 hours. 

You are now able to receive agency commercial financing on Manufactured Housing Communities that have loan amounts that are less than $1 Million with interest rates ranging from 6.99% to 7.5%

Here’s what this means for you:

• Fannie agency pricing which is currently offering fixed rates between 6.99% to 7.5%
• 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.
• Refi cash outs are also available, and we only need the property to have 20% equity.
• We can offer this program in ALL STATES.
• Terms range from 5 years to 30 years fixed.

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

• Manufactured Housing Community sites only.
• You must have previous experience - More than 2 years of similar sized, or greater Manufactured Housing Community experience.
• Stabilized property condition.
• Minimum loan amount is $750,000.
• Minimum down payment is 20%
• Property must adhere to the following tenant site lease protections: Must have a minimum one year renewable lease term, 30 days written notice prior to rent increase, minimum 5 day grace period for non-payment of rent, 60 days written notice of planned sale or closure of the community.
• Property must adhere to the following if it contains owner occupied homes: The homeowner has the right to sell the home without relocating first, sell the home in place within 45 days after eviction, assign the site lease to the purchaser of the home without undue restrictions, and allowing postings of for sale signs on the site.

We bring 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.

Quote from @Jimmy Lieu:

Quote from @Duece Slade:

Hey Guys I'm looking to connect with more private lenders I'm based in the Columbus Ohio area I've been investing for the last 4 years and completed over 100 transactions combined of wholesales,flips,holds. 

Feel free to reach out if you're interested in possibly lending and earn a double digit return! 

Hey Duece, I know so many reputable private lenders that I have personally worked with. I would love to send them your way. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Hey Jimmy,

Feel free to connect. I have very competitive pricing, and would love the opportunity to compete with your private money lenders. 

Quote from @Duece Slade:

Quote from @Robert Jay:

Hey Duece,

Feel free to connect! 

I have more private money products available compared to other private money lenders, and I can provide competitive rates and terms.

My popular programs right now are Fix and Flip, DSCR, and No Ratio.

No Ratio has no DSCR and allows up to 15% seller financing towards down payment, and is available in all 50 states.

Hey Robert appreciate you reaching out! Are you Private lending 100% of the project or is this more so on the hard money side of things? 

Regarding private money, the closest program that I have that will come close to 100% financing is the No Ratio program that allows up to 15% seller concessions towards down payment, however it will still require a 10% down payment. 

I do not have any 100% private money options that I would fund myself. 

There is another option that I have that allows 100% seller financing for down payment, however it is a short term loan (3 to 6 months with option to extend up to 36 months) and you would need to present an "exit strategy" prior to underwriter approval. The interest rate is super low, and the monthly payment is interest only, however the minimum loan amount for this program is $500,000 and it must be a commercial property. 

Hey Duece,

Feel free to connect! 

I have more private money products available compared to other private money lenders, and I can provide competitive rates and terms.

My popular programs right now are Fix and Flip, DSCR, and No Ratio.

No Ratio has no DSCR and allows up to 15% seller financing towards down payment, and is available in all 50 states.