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All Forum Posts by: Adam Thornton

Adam Thornton has started 3 posts and replied 13 times.

Post: Looking for DSCR Lenders for non-citizens

Adam ThorntonPosted
  • Posts 13
  • Votes 4

I meant to mention, our seller finanging works for non-US citizens in my previous response. Thanks.

Post: Looking for DSCR Lenders for non-citizens

Adam ThorntonPosted
  • Posts 13
  • Votes 4

Joseph - 

My group specializes in turnkey SFR properties. We are currently doing some seller financing (limited funds) at 20% down and 5.99% interest only fixed rate for 5 years. Happy to work out a referral program for you. Let me know, and in the meantime you can get a sense of our inventory/standard rehab at www.memphiscashflow.com

Thanks,

Adam

Memphis Cashflow is currently offering seller financing on all of their inventory. The terms are very favorable vs conventional financing, and essentially bridges the gap between today's high rate environment and a future low rate environment where permanent financing makes more sense. 

The terms are 5.99% interest only for 5 years, with a 20% down payment and a 5% fee of the loan amount paid at closing. There is no appraisal requirement, no prepayment penalties, and the approval and closing process is extremely quick and easy.