Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

174
Posts
64
Votes
Luis Montanez
  • Contractor
  • Marietta, GA
64
Votes |
174
Posts

Will love to find financing on the following terms Does this exist or is it fantasy?

Luis Montanez
  • Contractor
  • Marietta, GA
Posted

Hello Fellow investor,

I am brainstorming and have called all my local institutions, read all the junk provided by gurus, but other than private or hard money, could anyone please recommend or PM any big bank that lends under the following or similar terms?

*75% LTV (based on market value) Not LTC since I have not had the properties for more than 1 year. (one I have had for 11 mo the other only 4 mo)

*Estimated Market Value of both properties around $200k seeking $135K to $145k

*Both properties rented producing over $1.9k per month

*Seeking at a minimum, 25 year amortization with 10 year balloon payment.

*Properties held in an LLC and not reported on personal credit.

*both properties located in Georgia.

*I have 750+credit score and $100K+ regular salary

Thanks in advance for reading this post any any recommendations or suggestions

Loading replies...