Seeking Ohio Lenders

[Alex Salzman]

Hi,

My partner and I are looking for recommendations on a Ohio lender, specifically the akron/cleveland areas.

Any advice and recommendations are highly appreciated
Thanks Everyone!

Alex

[Alex Bekeza]

@Alex Salzman 

There are a couple of ways we can help BRRRR investors in Ohio.

On the purchase end:

Essentially, we review you/your entity's investing track record, FICOs, liquidity, and net worth to develop an exposure limit (typically 10x your liquid assets) for you to draw the following leverage against:

• 1-4 Unit Flips - 90% of purchase price + 90% of rehab up to 75% ARV
  
• 5-20 Unit Flips - 80% of purchase price + 80% of rehab up to 70% ARV
  
• 1-4 Unit New Construction 90-95% of hard costs to build up to 75% ARV
  
• Shovel Ready Land Acquisition: 75% LTV
  
• Un permitted Land Acquisition: 60% LTV
  

I could get you a quote on the LOC if you could complete this questionnaire for me: https://forms.zohopublic.com/landbrothersrecom/form/FixandFlipLineofCreditInquiry/formperma/gmqDtUREXVpNlZ99WzVQWoDBqv7UuymnVk39S7Zw6pU

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Regarding the Cash Out Refi stage of the BRRRR we have non conventional products with only 90 day title seasoning, ability to vest title in a LLC, and 30 year fixed rates up to 75% LTV in the 5%-6% range.

I can price out a cash out refinance scenario for you anytime if you just use this link here: https://forms.zohopublic.com/landbrothersrecom/form/30YearRentalLoanInquiry/formperma/FUCCm8EYc5u1jynZSwlhLI0I8wHx9xxax0AUQ7ib4GU


In general we can go as high as 75% LTV as long as the property debt covers and these loans are based strictly on FICO, experience, and subject property cash flow. No personal income verification or calculation required.