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Updated about 6 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Marco Gonzales
  • longview, TX
2
Votes |
16
Posts

Multifamily loan advice

Marco Gonzales
  • longview, TX
Posted

Does anyone know any lenders in the area of east Texas that invest in multifamily properties. Thanks!

Most Popular Reply

User Stats

306
Posts
221
Votes
Sasha Mohammed
  • Lender
  • Costa Mesa, CA
221
Votes |
306
Posts
Sasha Mohammed
  • Lender
  • Costa Mesa, CA
Replied

@Marco Gonzales @Daniel Federico CoreVest is fantastic! We love them. They qualify you based off the cash-flow of the property. There are very specific value per-door requirements you need to hit on multi-family, and since it's based on cash-flow, you'll have to hit specific DSCR requirements as well.

Have you reached out to any local banks for this as of yet? It will be a bit more cumbersome to qualify for a loan through a local bank or credit union, but you might get better rates and terms...  

Feel free to send some info over to @Alex Bekeza, he may be able to help.

  • Sasha Mohammed
  • [email protected]
  • 949-351-1338
  • Loading replies...