All Forum Posts by: Shane Baganz

These loans start at $75,000

Fico scores starting at 500+

Enclosed are the full details: Highest LTV for hard money

Fico – Typically 650+. Lender does work with credit challenged borrowers as long as the credit issues have been resolved and the story makes sense!

Loan Terms – 25-30 year amortizations. 3, 5, 7, and 10 fixed options

Loan Size – $300K to $30M

Max LTV – Up to 75%

Debt Service Ratio – 1.25+

Interest Rate – 4.00%+

Property Types – Stabilized MF properties 5+ units, mixed use, retail, industrial, office, self-storage, warehouse, mobile home parks, student & senior housing (without an assisted living component).

Pre-Payment Penalty – Step Down Prepay, Flat Prepay, and Yield Maintenance. Typically step-down prepayment penalties during the fixed rate portion of the loan.

Use of Funds -Purchase, Refinance, Cash-Out Refinance

Territory – Coastal Southern California, San Jose, Salt Lake City, Chicago, San Francisco Bay Area, Boston, Washington DC, Philadelphia, Seattle, Minneapolis/St. Paul, Denver, Portland, NY Metro, New Jersey, Miami, San Antonio, Austin

Special – Work with Foreign nationals as well but at a lower LTV. Non-recourse loans are offered at a 50% LTV. No Seasoning on properties income! This means the property could recently be producing stabilized income and the lender will lend off of that- they do not require the property has been producing that income for 1-2 years in order to lend!

Pre-Qualify Now

262-292-1710

I see this all of the time.  The bank said "no" and investors lose their deal.  But guess what?  It's not that way at all.  Click here for the complete details!

Low Document Loans

-Shane

If highly motivated 1. Offer full price 2. Monthly payments for 120 months. 3. Balloon at month 121 Agree on a monthly payment including taxes you can manage. Zero pct interest no down payment. Just a thought.

Fico – Recourse options: 680 fico = max 75% LTV. 670 fico = max 70% LTV. 660 fico = 65% LTV.

Non-Recourse options – Min. credit score is 620 for US citizens. LTV for Non-recourse will be based on overall credit/loan profile. All loans to foreign nationals are considered non-recourse.

Credit – Full tri-merge credit report. No Bk’s or foreclosures in past 2 yrs.

Loan Terms – 30 Years Am. 5 & 10 year fixed rate options.

Loan Size – $300k to $50M

Max LTV – Up to 75% on stabilized, leased properties (for foreign nationals & US Citizens). See details about Fico above.

Min DSCR – 1.15% ** Interest only available at 70% LTV and below, 670 score needed

Interest Rate – 5-7% for Fixed Period

Property Types – SFR, duplex, triplex, 4-unit, townhouse, MF 5-20 units.

Min Property Values – $50k for 75% LTV, $40k- $49.9k limited to 50% LTV, Multi Family $30k per unit. If min property values are under this they cannot be included into the loan.

Pre-Payment Penalty – Term: 5-year-term, Yield Maintenance or Step Down: 5-4-3-2-1 (25bps rate add on).

Term – 10-year-term, Yield Maintenance or Step Down: 9-8-7-6-5-4-3-2-1 (25bps rate add on).

Seasoning – After 90 days of ownership this program will lend off full appraised value.

Occupancy – 10 or more doors = 90%. 5-9 doors = 80%. Multi-unit properties= 85%

Use of Funds – Purchase, Refinance, Cash-Out Refinance

Territory – Nationwide Except North Dakota, South Dakota, Alaska & Hawaii

Lender Processing Fee – 0

Pre-Qualify Now!

262-292-1710

I agree with Erik Hitzelberger I do use a minimum 1.5%+ for quick analysis. But that's all that I use it for.

Fico	680+
Loan Size	$150K - $1.5M
Max LTC	90% of Purchase Price & 100% of Total Deal Cost.
Interest Rate	11-13%
Property Types	1-4 Unit. Standard Commercial.
Prepayment Penalty	None
Use of Funds	Ground Up Construction & Rehab Loans
Cash Requirements	Must Have $20K Cash & Also Some Reserves
Lending Territory	CT, FL, MD, MA, NY, NJ, PA, VA, & DC
Closing	14 Business Days
Exit Strategy	Written
Special	Must Have Experience of ^ Deals in Past 2 Years

Pre-Qualify Now form and a local specialist will contact you as soon as possible.

For immediate assistance, please call us at: (262) 292-1710

Fico – 630 +

Loan Terms – Up to 30 years and fully fixed!

Loan Size – $45K – no max loan amount!

Max LTV – 75% domestic borrowers, 70% foreign nationals.

Debt Service Ratio – 1.3

Interest Rate – 6.50%-8.85%

Property Types – Only 1-4 unit investment properties. Property must be on less that 2 acres of land.

Pre-Payment Penalty – 5% for fixed period which is 5 years, then step down, 5%, 4%, 3%, 2%, 1%

Use of Funds – Purchase, Refinance, Cash-Out Refinance

Asset verification – 2 months seasoning on assets (bank statements) and 12 months seasoning on properties.

Lending Territory – Nationwide besides MT, NV, ID, AZ, HI, ND, SD, AR, NY, VT & ME. No population requirements!

Minimum Property Size – 700 square feet

Lender Fee – 2% of loan amount or $3,500 min.

Closing Time Frame – 30 business days

Appraisal Cost – $450-$600 per property

Special – All loans must close in a corporate entity. Can be used as a portfolio/blanket loan as long as all properties are in the same state. Secondary financing is not permitted.

Pre-Qualify Now

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Fico – Typically 650+. Lender does work with credit challenged borrowers as long as the credit issues have been resolved and the story makes sense!

Loan Terms – 25-30 year amortizations. 3, 5, 7, and 10 fixed options

Loan Size – $300K to $30M

Max LTV – Up to 75%

Debt Service Ratio – 1.25+

Interest Rate – 4.00%+

Property Types – Stabilized MF properties 5+ units, mixed use, retail, industrial, office, self-storage, warehouse, mobile home parks, student & senior housing (without an assisted living component).

Pre-Payment Penalty – Step Down Prepay, Flat Prepay, and Yield Maintenance. Typically step-down prepayment penalties during the fixed rate portion of the loan.

Use of Funds -Purchase, Refinance, Cash-Out Refinance

Territory – Coastal Southern California, San Jose, Salt Lake City, Chicago, San Francisco Bay Area, Boston, Washington DC, Philadelphia, Seattle, Minneapolis/St. Paul, Denver, Portland, NY Metro, New Jersey, Miami, San Antonio, Austin

Special – Work with Foreign nationals as well but at a lower LTV. Non-recourse loans are offered at a 50% LTV. No Seasoning on properties income! This means the property could recently be producing stabilized income and the lender will lend off of that- they do not require the property has been producing that income for 1-2 years in order to lend!

Pre-Qualify Now

The point was not based upon anyone's "thinking".  The point was based upon fact.  If a property does not appraise, the bank will most likely not lend to the value.  It's also a bit obtuse to infer people don't know value or costs of appraisals within their marketplace.  $1200 may be the cost of appraisals for you, it would not be for others in their respective marketplace. Also, some appraisal costs may go even higher depending upon the level of appraisal.  I know this as I own several commercial properties.  Please keep your assumptions aside and drill down to better understand.