Mortgage Lendors Recommendation

[Rok Nrekaj]

Anyone have a recommendation on investor friendly mortgage lenders in the Chicagoland area? I want to get a HELOC so I can buy another property but the seller is willing to finance 100K and my lender is not happy with that. Thanks in advance.

[Zach Bosson]

Hi Rok,

We offer HELOCs on investment properties over at Lower.com - it is rare and we're a near National Lender. We're not a Quicken Clone, loan advisors are experts in all manner of programs, "blending technology with a handshake".

Quick highlights - 1-4 unit, business statement loans, down to 660 up to 90% CLTV and more.

[Simmy Ahluwalia]

@Rok Nrekaj - what are the numbers?  What is the purchase price?  Is the property tenanted?

[Rok Nrekaj]

Quote from @Simmy Ahluwalia:

@Rok Nrekaj - what are the numbers?  What is the purchase price?  Is the property tenanted?

 Hi Simmy, thanks for commenting. My current property is an owner occupied legal 3 flat with non conforming basement, and the one I want to buy is also a 3 flat with non conforming basement, owners are moving out after the deal is done. My current property is cash flowing while the new one is not because of low rents, however after I remodel and raise rates, it will cash flow (it is about 100k under market price). Feel free to pm me and we can talk more.

[Rok Nrekaj]

Quote from @Zach Bosson:

Hi Rok,

We offer HELOCs on investment properties over at Lower.com - it is rare and we're a near National Lender. We're not a Quicken Clone, loan advisors are experts in all manner of programs, "blending technology with a handshake".

Quick highlights - 1-4 unit, business statement loans, down to 660 up to 90% CLTV and more.

 Hi Zach, thanks for commenting. I will give you a call today or tomorrow to talk more. Is 203-668-3545 the best number to reach you at?

[David Pearl]

Quote from @Rok Nrekaj:

Anyone have a recommendation on investor friendly mortgage lenders in the Chicagoland area? I want to get a HELOC so I can buy another property but the seller is willing to finance 100K and my lender is not happy with that. Thanks in advance.

@Rok Nrekaj - happy to discuss how we can help you tap into your equity to fund your next purchase 

[Zach Bosson]

Quote from @Rok Nrekaj:

Quote from @Zach Bosson:

Hi Rok,

We offer HELOCs on investment properties over at Lower.com - it is rare and we're a near National Lender. We're not a Quicken Clone, loan advisors are experts in all manner of programs, "blending technology with a handshake".

Quick highlights - 1-4 unit, business statement loans, down to 660 up to 90% CLTV and more.

 Hi Zach, thanks for commenting. I will give you a call today or tomorrow to talk more. Is 203-668-3545 the best number to reach you at?

 Yes that's me! Talk soon.

[Kelli Wilson]

Hi @Rok Nrekaj I have originated many first lien HELOCs (all in one loans) in the area.  Low closing costs and margin, DM me ;)