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  1. #1

    Real Estate Lenders

    Hello,
    I am looking for a few lenders that deal with Real Estate/investment properties. Have 2 merchants I need to be looked at. One for Refi and the other for purchase. Commercial/Residential.

    email Ben@getcapnow.com

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Many lenders available depending on specifics.
    Owner Occupied or NOO (Non Owner Occupied)
    NoDoc loan or SISA (stated income stated assets)or full docs?
    Are they looking for long term, 30 year?
    Fico scores?
    Money down for purchase?
    Type of commercial property?
    Type of residental?

    Just to give you some ideas....these rates are dated as are some of the guidelines...but you get the idea. Minimum loan amount is $100,000 Can do commercial down to $250,000

    Lender fees run from 2.5% to 5% plus add broker fees.

    I have other options.

    Core One Full Doc / Bank Statement 650 Credit required
    Loan Amounts $ 100,000 to $ 2,500,000
    Fixed Term and Amortization to 30 years
    Fixed Rates from 4.875% to 9.75%
    Up to 75% LTV on Refinances and 80% on purchases
    Most commercial property types


    Core 2 Full Doc 620 Credit required
    Loan Amounts $ 200,000 to $ 10,000,000
    Up to 75% LTV
    Amortization 25 or 30 years
    Term: 5,7 & 10
    Fixed Rates from 4% to 6%
    Recourse: Full and partial

    Property Types: Multi-Family, Mixed Use, Office, Retail, Light Industrial/Warehouse, Self-Storage, Commercial Condo, Mobile Home Parks, Investment Residential (1-8 Units), Short Term Rentals, Automotive, Restaurants (including quick service), Parking Lots/Garages



    Core 3 N Doc 620 Credit required
    Loan Amounts $ 100,000 to $ 2,500,000
    Fixed Term and Amortization to 30 years
    Fixed Rates from 7.75% % to 10.75%
    Up to 75% LTV
    Most commercial property types



    Non-Prime - more flexible lite income doc
    Loan Amounts $ 100,000 to $ 1,500,000
    Fixed term and amortization to 25 years
    Fixed rates from 7.99
    Up to 70% LTV
    Most commercial property types


    Bridge

    Loan Amounts from $ 1m to $ 10M
    Interest only terms 1 to 3 years
    Rates 7.99% to 10.99%
    70% of As-Is Value and 75% ARV
    Most Commercial property types



    These below are 2.5% broker fee and 2.5% lender fee...



    . Fastest Close via Hard Money Program with our Family Office Funds
    - Rate is 9.99%
    - LTV is 65%
    - Points are 2.50%
    - 12 - 24 Month term
    - Close in LLC w/ NOO Disclosures
    - No DSCR Requirement / No Min Credit Requirement
    - Current Appraisal can be used with site visit or Broker confirmation
    - 7 Day Close

    2. Bridge Loan via Soft Money Program
    - Rate is 8.99%
    - LTV is 75% Max
    - Points are 2.00%
    - Must be NOO and provide proof of lease or primary residence
    - Updated Valuation will be performed
    - Must provide Bank Statements (VOD will be pulled on our end)
    - 640+ Credit
    - 14 to 21 Day Close

    3. DSCR Rental Program - 30 Year
    - Rate is 4.375% - 5.50%
    - 30 Year Term
    - 5/1 or 7/1 or 10/1 or 30 Year Fixed Options
    - LTV is 80% Max
    - Points are 2.00%
    - Must be NOO and provide proof of lease or primary residence
    - Updated Valuation will be performed with rental analysis
    - Must provide Bank Statements (VOD will be pulled on our end)
    - 640+ Credit
    - 14 to 21 Day Close

    4. Self Employed - No Tax Return Program (if as Owner Occupied or 2nd Home)
    - Rate is 4.375% - 5.50%
    - 30 Year Term (5/1 Arm or 30 year fixed options)
    - LTV is 80% Max
    - Points are 2.50%
    - Must provide 3 Months of bank statements and a Tax Preparer Letter
    - Updated Valuation will be performed with rental analysis
    - Must provide Bank Statements (VOD will be pulled on our end)
    - 640+ Credit
    - 14 to 21 Day Close



    You just can't ask for lender as a general question as there are too many variables to find out first.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 16709
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    Quote Originally Posted by GetCapitalNow View Post
    Hello,
    I am looking for a few lenders that deal with Real Estate/investment properties. Have 2 merchants I need to be looked at. One for Refi and the other for purchase. Commercial/Residential.

    email Ben@getcapnow.com
    Real Estate has so many options. We have closed from $500,000 - 24$M
    www.omegafund.com

  4. #4
    Great options above.

    If you have clients for $25M and higher (no cap as long as deal makes sense.)

    I work private lenders that use their own money, assets, capital and experts in risk mitigation, creative financing and tailor-made capital. 3 private offices on WallStreet with a MainStreet Focus.

    I can work with smaller projects (like to be around at least $5m) if they're wanting to grow and have a capital partner so they never have to worry about capital again and always structured best for the project.

    Lender can hedge against assets/cash at anytime for the project and leverage their seed capital and inside the draw down (which NO lender does)

    If you have groups that are tired of...
    • Low LTV's
    • Personal Guarantees
    •*Cookie-cutter terms and conditions
    • High-rates
    • No creative financing for multiple deals they have to get a deal down
    • No creative collateral allowed
    •*Tired of needing to swap one lender for another
    • Short terms
    • No true deferments - my lenders will do 1-2-3 etc years no payments
    • trouble with renewals, lenders calling early, ballooning out, etc. etc.

    This is extremely unique structuring and a capital partner, not a quick lender that is cookie-cutter.

    I can use creative collateral, fund 80% LTC (some project 85%), land counts but not $/$.

    Can use other projects and deals to help if don't have a lot of seed/liquid capital.

    Fund in all industries as well - Cannabis, manufacturing, commodities, SAF, development, luxury resorts, casinos, city developments, Government Contracts, etc.

    ---------------------
    Kristina Gilbertson
    CEO, Prosperity Financing
    Website: https://prosperityfi.com
    Office: (800) 516-9082

    • Tailor-Made Capital & Creative Financing, JV, Debt/Equity
    • Off-Market Luxury Properties - Condos, Developments, CRE
    • Unique Cash Injection Opportunities

    Serving // CRE • Construction • Developments • Commodities • All Business Sectors • Start-Ups • Cannabis

  5. #5
    I am in need of a Real Estate Lender for my platform. Whether Hard money or Collateralied loans . Someone who can broker conventional also if possible

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by JussBusiness View Post
    I am in need of a Real Estate Lender for my platform. Whether Hard money or Collateralied loans . Someone who can broker conventional also if possible
    There isn't just one lender you can use....there are several with niches. Some use private money pools which are more flexible. I probably have more than a dozen...
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  7. #7
    What would be the best way to go about acquiring the proper resources ? If you wouldn't mind sharing

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by JussBusiness View Post
    What would be the best way to go about acquiring the proper resources ? If you wouldn't mind sharing
    You need experience in knowing which lenders can do which properties and that takes time. You have a property you submit to different lenders and get some feedback. It just isn't as simple as contacting lenders. It's more of a trial and error process. I have folders for 32 different property lenders. Each has a special niche and guidelines. You have to search all of them to see which one is a candidate lender for a specific type of property and then client guidelines that might fit - like full docs SISA or NoDoc. And I have a second set of folders of 8 lenders not to work with.

    You can start here doing a lender search.
    (I haven't had good experience here but it's a start)

    https://www.scotsmanguide.com/
    Last edited by Olderguy; 12-19-2022 at 08:15 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  9. #9
    Great tips Steve.

    Scottsman guide is tough, like he said.

    It's full of old "lenders", some aren't lenders but packagers or stackers, some are Brokers! and the real lenders don't always really tell you what they fund, and be careful as some are DEAL junkies.

    Meaning just lookie lue to see what's out there but Never were going to fund.
    11th hour deal changes, which puts clients in a horrible position.
    or just charging DD fees but never going to fund.
    It's ALL out there.

    This industry is ALL on building a relationship with REAL lenders and to find them it's tough and to know what they will fund and when, as they change.

    Building a database takes time and learning the industry for what are Actual deals and what aren't.

    Along with building relationships with consultants and intermediaries that truly have real relationships built with private lenders is just as important.

    As the big ones you have to go through someone to get to them, you can't just bang on a door of a UHNW lender to fund your project for you, is SUPER important and crucial as well.

    Patience, persistence and learning from experience Real brokers, consultants and intermediaries is sure path to success.

    Learning how each LENDERS looks at these deals and What is actually Fundable is super important which is what he's saying and a skillset in itself and takes times.

    Which takes time and you need people that have this experience and industry knowledge on your team or partner up with other people with those established relationships already to review files to help you. It's the best way to go about this for what you're building

    Kristina

    Private Lenders & Investors
    Tailor-Made Capital, Creative Financing, Risk Mitigation
    Industry Agnostic
    Fund US & Worldwide

    www.prosperityfi.com
    Last edited by Private Lenders; 12-20-2022 at 10:57 AM.

  10. #10
    Senior Member Reputation points: 16709
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    Quote Originally Posted by GetCapitalNow View Post
    Hello,
    I am looking for a few lenders that deal with Real Estate/investment properties. Have 2 merchants I need to be looked at. One for Refi and the other for purchase. Commercial/Residential.

    email Ben@getcapnow.com
    www.omegafund.com
    bzuniga@omegafund.com
    720-279-4345
    $500,000 - $25M Commercial and Land Development. NO 0 down loans.! LTV 35%-50% for Land up to 70% Commercial
    Will not accept broker daisy chains
    Private Money and Hard Money
    WA, CA,TX,CO,FL, NY, GA,AZ preferred

  11. #11
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Depending on location and asset type we have two programs,

    1) Short term bridge loan - Close in 2-3 days, 12-24 month terms, 10-12% I/O
    2) No-Doc rental loan - 2 week close, 30 year fixed rate, 8-9.5% PITI
    ** Min 600 Fico for the 30 year fixed program



    Quote Originally Posted by GetCapitalNow View Post
    Hello,
    I am looking for a few lenders that deal with Real Estate/investment properties. Have 2 merchants I need to be looked at. One for Refi and the other for purchase. Commercial/Residential.

    email Ben@getcapnow.com
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  12. #12
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    Hi, My name is Gil and all we do is investment real estate 7 days a week. You can look us up on LinkedIn, Gil Pementel. My cell is 603-401-6408 call or text and time. Thanks, Gil

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