All Forum Posts by: Shane Baganz

I like your inquisitive nature and will add that my wealth was made from building my own business. Real estate has helped wealth creation through tax savings as well appreciation. BUT, I know of more than a handful that have become financially independent without being a business owner. How? Each of them kept their life style in pauper status to attain their long term goals. They worked hard. They didn't eat out, have great cars, or have the best of anything. In other words, their "business" was creating long term wealth. It has been done and I've seen it happen many times. Some of the same people I spoke about now do have the "better" of things, because they are still investing in themselves. Read "The Millionaire Next Door". Read "Made In America" by Bill Walton. (Who drove a beat up truck as a billionaire). You CAN do it.

There are many reason for needing a No Verification Loan:

– Self employed but do not show enough income to qualify with a traditional bank?

– A real estate investor who has too many mortgages to qualify with a traditional bank?

– Credit is just a bit too low to qualify with a traditional bank?

– Do not want to pay the hard money rates and fees?

– Need a quick close as opposed to the long drawn out process that most banks put borrowers through?

NO INCOME VERIFICATION LOANS!

Investment SFR's, Condo's & 2-4 units.

Multi-Family, Mixed Use, Office, Retail, Warehouse, Self-Storage, Auto Service

Refinance, Refi cash out & Purchase

Up to 75% LTV depending on property type & location

630 Minimum Credit Score Required

W-2 or self employed

Standard 30 Year Term (3, 5, 7 and 8 year arm options)

$75k-$5M loan amount

Between traditional banks and hard money rates

Pre-Qualify Now

or call: 262-292-1710

Most banks don't like to go below $100,000 because they don't make a lot of money for the time invested. But I know for fact there are some who are in the $50,000+space

Large Non-Recourse Bridge/Construction Loans w/ High Leverage!

Fico – Credit worthy individuals. Lender is not fico driven but any fico challenges need to make sense.

Loan Terms – 1-3 years, interest only. Can sometimes go longer than 3 years.

Loan Size– $5-75 million. Sweet spot is 15-40 Million

Max LTV/LTC- Up to 75% LTV on a bridge loan. Sometimes the lender can go higher as well. Lender will fund 100% of the construction as well.

Interest Rate– Libor plus 5.0%-7.0%

Property Types– Most commercial properties

Pre-Payment Penalty – No PPP. Lender sometimes charges 1 point as an exit fee.

Use of Funds – Purchase & Refinance

Origination Fee – 1 point to lender

Territory– All 50 States besides Hawaii & Alaska. Favors the SW & NW in the United States. Also lends in major cities in Canada.

Closing Time– 2-3 weeks

Special – This lender focuses on value add bridge loans. These are NON RECOURSE loans! Lender likes when the property has multiple tenants.

Pre-Qualify Now

I agree completely with every person that suggests a heloc. Let's add value.... Do you have additional cash laying around in your bank account? Put it on your heloc. 1. You have the SAME access you would in a checking account. AND 2. You're paying less simple interest on your heloc balance! Why let the bank make money on your additional cash. Use your money to save! The downside to a heloc? For those who don't have discipline, a heloc is not a good alternative. I have known some who used their heloc as free money to spend. That's a very dangerous place to live.

Hi all, I may be naive, but wouldn't a property that won't appraise raise the first red flag? Not to say circumstances that might create a solid buying opportunity, but proceed with caution would be a suggestion. If appraisers won't value it to the price, and banks won't lend on it for a price, it's time to know you're better educated then both.

There's more than investment real estate to commercial lending, but it is a huge part of what we do.

How do these fit into your loan needs?

Commercial Lending programs

Or call Shane at: 262-292-1710 for any lending needs!

I'm sorry, I didn't completely answer.  Let the realtor broker the deal.  If anyone has else has suggestions, please add them!

You're able to negotiate just about anything, right?  It's all about a win for you as well the seller.  If you're paying full price, perhaps they will reduce or let you not put anything down.  Sure, it's a stretch, but the more motivated they are, the better you can create a relationship, the more your chances improve.  

-Listen, they could sell the home at full value and receive a monthly annuity.   They sell the house and you solved their problem.  I'll be interested so hear how you ended up!  Please let me know?

1. What can you rent it for? For example: $1,000 per month. 2. Take 60% of that and offer it as payment for 120 months at 0 interest w/balloon at 121st month. The full payment to go to principal reduction. 3. Use the balance of 40% for expenses and cash flow 4. Refi/sell/extend at month 121 5. Terms are negotiable. But, offer a cash price 30% under asking and another offer at full price but 0 interest. Just a thought.