We use a servicer who is licensed in the state the property is located and we have the borrower pay the servicing fee if they can.  

I wouldn't pay more than 1.5 points on this type of loan- we typically are around 1-1.5ptsrest are typical costs  On the broker side, you can price a no point option for the borrower, and receive your commission from the lender.

On commercial non owner occ loans the lender does not have to take the Dil and can foreclose and get a deficiency judgement against the borrower. 

Relationship lenders are the ones who step in to work with the borrower and keep projects moving, whether that means increasing the loan amount, reallocating budget line items, or simply being fair and reasonable during the draw process.

You’ll have to borrow locally if you can.

LTV varries by product and Lender, property and borrower risk, location, and more.Fix and flips, generally 85% LTC subject to 70% of ARV.

Cash Back at Refi ≠ ProfitThis one traps beginners.You pull $30,000 out at the refinance, and suddenly you think you “made” $30,000.You didn’t.That’s debt.You borrowed it.The only reason BRRRR works is because:The asset produces cash flow.The long-term tenant pays down the loan.The equity buffer protects you from downside.You’re leveraging debt into a cash-flowing asset.Not printing money.4.

We obtained ownership via foreclosure, when the borrower was unable to com-lets the project due to inability to refinance/raise new capital.  

You spend several hours of your time working a deal, structuring it and then the borrower goes around you with no consequences.. 

Positive cashflow with 80 or 90% borrowed is unrealistic in the beginning years.