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Updated 9 months ago,
Loan Products You Might not Know Exist
I have talked to hundreds of clients regarding real estate lending, and a lot of people are still not aware of what is out there! A couple quick examples of products available you might not know about!
30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).
Ground Up Construction loans for aspiring developers with NO Experience
100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)
Fix and Flip financing that requires no appraisal
HELOCS on investment properties
Builder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").
DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).
And so much more!