Any 90-100% LTV lenders?

Question

Any recommendations for lenders who can/are lend(ing) at 90-100% LTV that are reputable with great reviews?

One of my goals this year is to 2x my current portfolio and I’ve found the biggest obstacle is just a lack of access to a quality, reputable lender who understands the business and my local market.

I’m getting access to incredible off market deals but unfortunately have to turn many down because it’s not scalable (for me) to put down 20-25% on every deal. I am primarily a buy and hold investor.

Would greatly appreciate any advice or recommendations.

Chris Seveney · Answer

that is going to be challenging and I will say I would highly recommend you do not do 90-100% lending on assets in this current economic climate as if the values decline and you lose tenants - your entire portfolio can vanish pretty quickly.

Zach Berry · Answer

Brandon - the approach makes good sense. We underwrite the property up-front for free so you have ultimate clarity on whether or not we'll do the deal. If it makes sense, feel free to give me a shout. Happy to look at any project with you so you know what you're getting into.

Brandon Taylor · Answer

Appreciate the insight and advice. For some additional context, I do not have a massive portfolio. I’m currently at 7 properties within the past two years. Cashflow on each ranges from $500-850 after all expenses. I have no desire to have a ridiculously massive portfolio as I prefer a more manageable portfolio. I’m also a GC which helps me better control the quality on my projects. All this to say, I am getting off and on market deals at such incredible prices that most of my projects do not exceed 60% LTV (purchase + rehab).

Erik Estrada · Answer

You should be able to do 90/100 as a first timer as long as the numbers make sense. Typically most lenders want to see no more than 70-75% LTARV and a minimum loan of $150k.

Ko Kashiwagi · Answer

Hi Brandon,

If it's a rehab loan, there's plenty of options for 90% of purchase if it's a cookie cutter deal with experience.

100% you'd probably have to go local private money

Mike Grudzien · Answer

If you have a current portfolio, could you cross-collateralize?

Denver McClure · Answer

We have several that can get this done for you. Feel free to PM me if you'd like.

Any 90-100% LTV lenders?

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