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Updated almost 5 years ago on . Most recent reply

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Nate Marshall
  • Real Estate Consultant
  • Evergreen, CO
663
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1,243
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Update on COGO, Lima One and Visio

Nate Marshall
  • Real Estate Consultant
  • Evergreen, CO
Posted

I have been in contact with all 3 of these lenders. They are all liquid, have capital and are lending. Lending One has cut back a bit but will be back in the game by midsummer as far as MF and rental programs. 

Most Popular Reply

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37
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24
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Lola Omishore
  • Investor
  • Brooklyn, NY
24
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Lola Omishore
  • Investor
  • Brooklyn, NY
Replied

@Charles East Because for whatever reason (being self employed, 1099 income won't qualify, having a high DTI ratio, being over the limit for number of properties owned, etc) the person doesn't qualify for conventional lending.

That is where non-conventional lending comes into the picture.

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