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05-14-2015, 08:48 AM #1
Need Lender for Rehab Opportunities both Commercial & Residential
Most properties are puchased at or below 60%LTV but are distressed, so they must be rehabbed. Need the lender who will fund those purchases or the refinancing of the note.
Please PM me if you do this on a regular basis or will consider doing such loans. Rates we're looking for is 6-8%, can be interest only.
If you don't do these types of deals but know which lender is best for such scenarios, please let me know.
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05-14-2015, 04:25 PM #2
- Join Date
- May 2015
- Posts
- 33
We can facilitate fix/flip loans over $200k and also have portfolio and blanket loans available.
info@michaellewisgroup.com
Stabilized Properties Product Terms
5-10 Year Term
To 75% LTV
Floating and Fixed Rates ranging from 4.875%-7%
90% of Portfolio must be stabilized
Non Recourse
SFR, CONDO, TOWN HOMES
States: Nationwide
If an experienced rehabber has a need for a credit line based heavily on experience, contact us.
For acquiring, rehabbing, and growing portfolios
Rates from 8.0%
Up to 80% of purchase price
12-24 months term
$500k to $100 million
Time to Close 30 days +/- ( LOC commitment 3-5 days)
USA properties only
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05-18-2015, 12:45 PM #3
- Join Date
- Aug 2014
- Posts
- 65
I have a lender that can do this. They will also cross-collateralize to help with down payment and rehab in a refi scenario.
Call me at 765-506-8048
Lorraine
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