All Forum Posts by: Alex Bekeza

Many self employed professionals have a hard time getting conventional financing because their write offs/tax returns won't pass underwriting standards. That's why I've made it my focus to broker deals to investors who would benefit from commercial or "soft money" lending. We can offer rates in between conventional and hard money which won't require tax returns and have no personal Debt-to-Income requirements. The loans are based on the value of the property itself. Here are some of the other details:

-30 year terms, fully amortized

-Rates between mid 5% - mid 9% (depending on State, Credit, Property Type, Adjustments, ETC)

-Rates fixed for the first 3, 7, or 8 year

-70-75% LTV

This program is eligible for purchases, cash out refis, and rate & term refis.

Feel free to reach out to learn more about specific pricing for your scenario.

All the best,

Alex Bekeza

818.606.8823

www.instagram.com/loans_by_alex

Many self employed professionals have a hard time getting conventional financing because their write offs/tax returns won't pass underwriting standards.  That's why I've made it my focus to broker deals to investors who would benefit from commercial or "soft money" lending.  We can offer rates in between conventional and hard money which won't require tax returns and have no personal Debt-to-Income requirements.  The loans are based on the value of the property itself.  Here are some of the other details:

-30 year terms, fully amortized

-Rates between mid 5% - mid 9% (depending on State, Credit, Property Type, Adjustments, ETC)

-Rates fixed for the first 3, 7, or 8 year

-70-75% LTV

This program is eligible for purchases, cash out refis, and rate & term refis.

Feel free to reach out to learn more about specific pricing for your scenario.  

All the best,

Alex Bekeza

818.606.8823

www.instagram.com/loans_by_alex

@Matt B.Commercial lenders will have better terms than Hard Money in general but they will most likely want to see the property stabilized and at least 70% occupied.  Whats the occupancy look like on the property you say has significant damage?

Some commercial lenders even have "ARV programs" to compete with HMLs now that will fund some renovation too.

Many great asset based/commercial programs exist to serve self employed investors.  I've sent you a private message with some more details.  

The last event was awesome!  Great speakers and excellent turn out!  Looking forward to this one. 

I came across this article about an agent who used this huge T Rex to help market this home.  Call it a gimmick if you want but she got 45 showings was under contract in 2 days!

I'm interested to see what other creative, outside-the-box methods the BP community has used in the past to market their properties to attract tenants or buyers.   

Please share!

http://foxnews.com/real-estate/2018/07/18/real-est...

@Alex Staunton.  Yeah, I agree, not just building equity right out the gate but the fact that your interest rate is protected in this climate for 15 years is very valuable. (several hikes are already scheduled by the fed) No pre-payment penalty either.  I appreciate you sharing this because while I specialize in financing for self employed investors whose tax returns don't qualify them for conventional financing, I'm always looking to build relationships with great local banks so that I can build my business in that direction too.  I'll be reaching out to Gibraltar but don't worry I will not mention you.

I hope you continue to post updates on this deal.  Best of luck to you. 

How many years is the 5.25% fixed for and do you mind revealing the lender?

@Trevor Fulkerson

Invictus looks like some next level security!  

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