Looking for Florida Bank Lenders for LTR properties

[Ari Steinman]

Hi, 

I recently starting investing in FL in SFH and duplexes.

I reached out to 2-3 lenders in FL to see what financing options they have and I figured I'll try my luck here too to get more options.

I know it's hard to give a exact interest rate but you can give a best case scenario of the lending products you offer with todays rates.

I purchase my properties in an LLC. Homes that are in the 300-400 ARV range for buy and hold long term rentals.

Do you offer conventional loans or just investment loans? What is your min. DSCR? What is your current rate (If the borrower has a good credit) Are they Recourse or not and is there a pre payment penalty? Can I get supplement to the loan after we raise the rents?

Thank you!

[David Ramirez]

Hey @Ari Steinman, 

Get in touch with @Khaled Morad! He offers conventional and investing loans.