All Forum Posts by: Alex Bekeza

Our brokerage specializes in real estate financing for self employed investors. It's our niche. We focus our energy on funding deals in between conventional and hard money. Sometimes called "Soft Money". These are commercial loans for 1-4s, 5+ Unit Multifamily, Mixed Use, and Commercial properties. Loans are based on the property's value rather than the borrower's income. They don't require Tax Returns have no personal Debt-to-income requirements. If you have the funds to close the deal on a performing property but can't qualify with the bank, we can help you acquire or refinance your investment.

-Non-Owner Occupied Only

-70-75% LTV

-Rates fixed for first 3 or first 8 years

-Rates between high 6%s and low 9%s (depending on credit, property type, adjustments, etc)

-No Tax Returns, No DTI, No DSCR

Feel free to reach out with any questions on how I can help you purchase your next investment or pull cash out of an existing property for business purposes.

All the best,

Alex Bekeza, Commercial Loan Officer

Our brokerage specializes in real estate financing for self employed investors. It's our niche.  We focus our energy on funding deals in between conventional and hard money.  Sometimes called "Soft Money".  These are commercial loans for 1-4s, 5+ Unit Multifamily, Mixed Use, and Commercial properties.  Loans are based on the property's value rather than the borrower's income.  They don't require Tax Returns have no personal Debt-to-income requirements.  If you have the funds to close the deal on a performing property but can't qualify with the bank, we can help you acquire or refinance your investment.  

-Non-Owner Occupied Only

-70-75% LTV

-Rates fixed for first 3 or first 8 years

-Rates between high 6%s and low 9%s (depending on credit, property type, adjustments, etc)

-No Tax Returns, No DTI, No DSCR

Feel free to reach out with any questions on how I can help you purchase your next investment or pull cash out of an existing property for business purposes.

All the best,

Alex Bekeza, Commercial Loan Officer

@Doug Wade It was only a matter of time before someone came through with a solid "Dad Joke" LOL

@Chatree C. Thank you!  Ain't nobody got time to download, print, sign and scan nowadays.

https://giphy.com/gifs/H7x1H0veAJlo4/html5

“Pessimism leads to weakness, optimism to power.”

You're a beast!  You got this!  

@Deborah Burian Thanks for the book recommendation!  Seems cool, it's in the Amazon cart :)

@Jordan Kerr

A loan is considered residential if it is between 1 and 4 units and at least one of those units is occupied by the owner.   

Perhaps those interest rates are very low with the credit union but $480k is a very low loan size cap.  Typically, the lenders I work with will also want to see about 25% down but will lend up to 5 million.  If you are willing to put down 25% than you don't necessary need to live there....

Most people who want to "house-hack" like this will use an FHA loan to acquire 2-4 units because of the low down payment and ability to use the rental income.

@Matthew Jure and @Jolene Desmond 

I agree.  I think Trello is really easy on the eyes and simple to use.  I like the way you see all of the different categories of leads on one page and simply drag. 

@Jonnathan Thompson  

I'm open minded to any facts that surface which go against or debunk the claims of the movie.  

Obviously, any movie like this will have lawsuits lined up the moment it's screened.  

I haven't seen Truthland yet (the film meant to debunk Gasland) but you've inspired me to check it out.  I have my reservations since it was created by the Independent Petroleum Association of America.  But hey, facts are facts.  I just know my gut tells me I wouldn't want to live near something with so many possible health consequences.  

The link I posted includes info on 100s of actual spills as reported by the fracking companies themselves.......

@Chris Mason and @Kevin Sobilo are both correct.  One more thing to consider though. It would be fraudulent to obtain an owner occupied loan with that low rate and immediately rent it out however you can't go the commercial lending route without a tenant lined up.  

Before you do your cash out refi you need to decide whether your going to rent and sell.  

1. Sell - Great, go do a cash out refi at your local bank first.

2.  Rent-  Get a tenant lined up now (even if its a written agreement of a future lease), find yourself a new place to stay, then pursue the cash out refi with a commercial lender/broker (me :) )