All Forum Posts by: Ryan Stuckey

That's pretty fair and reasonable with the current market...that's right where we are at nowadays on that kind of property profile (and with good personal credit).

I'm also in Cincinnati and can help with any questions (as an investor and financier)....

You really should take a good look at UC Medical Center in Cincinnati. Top-notch, very underrated health facility at a leading university. Cincinnati is a great city on its own, and it's also at the doorway to the south and its attractions.

Which state? This should be quite suitable for a portfolio loan. Depending on your credit, you could get as much as 80% LTV on a purchase. The properties will need to have a minimum average value, and cash flow sufficiently, of course.

What's the purchase price of the land you want to buy? It's very difficult to find raw land bridge loans less than $1M, but a few go down to $250k. 

It's not very common, but 30-year fixed rate commercial loans on 5+ unit properties are out there

That's why cash-out refis generally max out at 75% LTV. It takes a 25% drop to go underwater (and even more % drop as the loan is paid down). Not there yet....

 Sure, feel free to get in touch if you need more info

The ARV % serves as a secondary calculation (i.e. constraint) on the maximum loan amount for a rehab project. The primary calculation is based on X% of purchase price (depending on lender policy and borrower credit/experience) + 100% of rehab (normally). This primary calculation guides the loan amount but then the secondary calculation based on ARV % kicks in. In other words, it could reduce the max loan amount if the deal is too thin (not enough profit) for the lender's risk appetite. Some more conservative lenders may only use 65-70% ARV on the secondary calc.