Looking for great lenders in Allentown PA

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  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y

    What is the unit range you are targeting for the multifamily properties?

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  • Mary Ainsworth
    Lender · San Diego, CA · Member since 2022 · 235 posts · 94 votes
    2y
    Quote from @Geoffrey Paugam:

    We need good lenders with competitive interest rates who will fund our multifamily deals.


    Hey Geoffrey, just sent you a PM with my email but our DSCR rates start at 6.00% go up to 8.5% but the majority are in the high 6's. And our flips/bridge loans start at 8.99% and go up to 11.99% if it involves ground up construction.

    We also normally charge just 1 point and lend up to 90% LTC for bridge, 80% LTV for DSCR

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  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    2y
    Quote from @Mary Ainsworth:
    Quote from @Geoffrey Paugam:

    We need good lenders with competitive interest rates who will fund our multifamily deals.


    Hey Geoffrey, just sent you a PM with my email but our DSCR rates start at 6.00% go up to 8.5% but the majority are in the high 6's. And our flips/bridge loans start at 8.99% and go up to 11.99% if it involves ground up construction.

    We also normally charge just 1 point and lend up to 90% LTC for bridge, 80% LTV for DSCR


    can you send me a message? first I've heard of bridge and 90% financing for ground up construction to DSCR conversion for financing we've been separating it. we do ground up builds for investors for resale and rental in Miami Florida and Columbus Ohio

    [email protected]786-494-6766
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  • Joseph Chiofalo
    Banker · Henderson, NV · Member since 2023 · 317 posts · 74 votes
    2y

    Hi Geoffrey, 

    What price points are you targeting on these properties? 

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  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    2y

    @Geoffrey Paugam - let's chat.  We can quote on your MR deals.  www.SimsCommercialloans.com

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  • Tarik Turner
    Lender · Hackensack, NJ · Member since 2016 · 1k+ posts · 372 votes
    2y

    Just sent you a DM @Geoffrey Paugam

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  • Matthew MorrowBusiness Member
    Investor · PA - NY - NJ · Member since 2019 · 584 posts · 200 votes
    2y
    Quote from @Geoffrey Paugam:

    We need good lenders with competitive interest rates who will fund our multifamily deals.


     Hey Geoffrey,

    We operate a investor agent team out of Allentown. Would be glad to connect you with our local and proven sources here that consistently get deals done. Depending on your asset class / deal specifics there are different lenders for each.

    Please feel free to send me a DM, or use the contact info in my profile.

    Talk soon!

    [email protected]484-791-6200
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