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10-02-2024, 05:38 PM #1Member
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Small-Balance NOO Refi
Looking for Small-Balance NOO refinance with less than 12 moths seasoning (Acquired in December). Property owned Free & Clear. Loan amount of $75K, and the borrower has 700+ credit scores.
*Lenders only please reply*
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10-02-2024, 05:42 PM #2Senior Member
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So if you don't heard from any lenders, let me know. 10 year I/O around 10.99% NoDoc. Not if it's rural. That may be the case with a $100K value. Rural would be a bridge.
Last edited by Olderguy; 10-02-2024 at 05:48 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.
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10-02-2024, 05:57 PM #3Member
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Sounds good. I will keep this option in mind.
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10-02-2024, 06:15 PM #4Senior Member
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3% broker points. I split with the broker. You'll make $1,100.
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.
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10-03-2024, 03:52 PM #5Member
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- Jan 2024
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What is the application-to-closing timeline right now?
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10-03-2024, 04:17 PM #6Senior Member
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Find a local bank to do it, much easier. google all the banks and credit unions within 25 miles. They like these little deals
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10-03-2024, 04:26 PM #7Senior Member
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3 -4 weeks...need apraisal, title, insurance underwriting
Originally Posted by bmckenzie67
No income documentnatnion loan.
Banks and credit unions will require full income documentation.
May not be an issue for something this small.
650 Fico will get mad ltv.
620 Fico ltv will be less 10 points on LTVLast edited by Olderguy; 10-03-2024 at 04:28 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.
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10-03-2024, 06:09 PM #8Member
Reputation points: 10
- Join Date
- Oct 2024
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- 17
When you say NOO Refi, is it a Single Family 1-4, it that is the case we can do that at 5.5% to 6.5% Interest on a 30 year fixed. Options for No Prepay. Rates depend on prepay, LTV etc. We pay broker broker fees. Email me the following:
Property Address
Purchase Price
Rehab Amount If any
Annual Taxes
Annual Insurance
Monthly Rent
HOA if anyDustin Tucker
Midwestern Financial Solutions
Dustin@midwesternfinancialsolutions.com
www.midwesternfinancialsolutions.com
SBA loans - 7A $500k to $7.5m No Minimum Fico Score
Property Loans- Investment, Commercial, Land, Fix and Flip, New Construction.
Equity Raises $30M+
Private Credit $10M+
Direct Family Office Funding
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10-14-2024, 04:52 PM #9Senior Member
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- Boulder, CO
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I am a direct lender. Normally do not do the small ones but can if they are easy. Minimum loan $100k though.
Feel free to email me and I will send you my Loan Intake Form.
Best,
Dan Page
Boulder Equity Partners LLC
Direct: (303) 938-8280
www.BoulderEquityPartners.com
dan@BoulderEquityPartners.com
BoulderEquityPartners@gmail.com
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