Refinancing (2) Commercial loan & Hard money (SELF EMPLOYMENT

[Kyle Root]

Need some advice on what to do here. Quit my job 2 months ago and I am now self employed as an agent and investor. 

I currently have (2) commercial loans (balloon loan) under my personal name and if I cant refi by feb 2021 I owe the full amount. I have a hard money loan under my LLC that I need to refi in 4 months. Every lender I have went to says I need to show employment. I thought I knew the guidelines but apparently a lot of programs are now either on hold or gone because of Covid. Can someone help me out here and push me in the right direct or does anyone know a good lender that could help me out? In the wisconsin area.

Please only serious responses here that will help me out. Thank you guys in advance

[Alex Bekeza]

@Kyle Root There are 30 year fixed commercial options out there which would not require any length of employment or even calculate your DTI at all. (no tax returns or pay stubs). Instead they'd be based entirely on subject property cash flow and depending exactly where you'd be on FICO/LTV/other loan level details rates would range anywhere from 4.75%-6%. These go up to 75% LTV, allow LLC vesting, and have no cap on the # of properties you own. Great to help investors scale pass their conventional limitations.