Results 1 to 6 of 6
Hybrid View
-
05-12-2023, 04:17 PM #1Senior Member
Reputation points: 73140
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,285
He just responded: Min loan amount for anything 5-8 units with us is $500k, sorry! He's like 7.75% 30 year on 6 units. Has to cash flow.
Probably do SiSA or NoDoc but 10% range.
$250,000 30 year fixed at 8% = 1,834.41
$250,000 30 year fixed at 10% = 2,193.93
$250,000 10 year Interest Only, amortized 20 after = $2,083.33Last edited by Olderguy; 05-12-2023 at 04:31 PM.
Steve Benjamin
Professional Business Loans
522 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.
-
05-12-2023, 04:40 PM #2Member
Reputation points: 4934
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 59
THanks for trying.
-
05-12-2023, 05:10 PM #3Senior Member
Reputation points: 73140
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,285
No problem...I can do the other loans if interested.
Originally Posted by MissouriBroker1
Good luck.Steve Benjamin
Professional Business Loans
522 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.
Reply With QuoteSimilar Threads
-
2 Transaction - Multi Unit Purchase in CA
By 1Loanguy in forum All Other LendingReplies: 4Last Post: 03-23-2018, 06:03 AM -
Multi-Unit Grocery Store financing?
By Red Dragon in forum Business LoansReplies: 15Last Post: 03-27-2017, 08:30 AM -
Lender needed -- 60 to 90 day bridge loan for high credit borrower
By Cfairbank in forum Deal BinReplies: 1Last Post: 09-24-2015, 09:44 PM -
Nationwide Multi-Family 5+ units
By Numismatist in forum PromotionsReplies: 0Last Post: 06-20-2015, 12:44 AM -
Nationwide Multi-Family 5+ units
By Numismatist in forum PromotionsReplies: 0Last Post: 06-01-2015, 02:13 AM
