All Forum Posts by: Ann Marie Rosen

Yes, no need to pay any money up front , and if CIX confirmed he is not a lending partner of theirs, then that may be your answer.

Are you looking to flip or hold it?  In either event, I have someone who does 100% financing potentially (not my company but a friend) and if you message me, I will ask if it's ok to give you his number.

I agree you can get 30 year fixed but not at Fannie rates in a commercial loan. 

There are hard money lenders who specialize in long term bank-type financing with lower interest rates than short term bridge loan or rehab loans.  If you are having trouble getting a bank loan or don't want to use a bank for some reason, that is one good option for you.

If you are looking for a loan through a HML or private investor, in my experience, most of them want you to close in a corporate entity as opposed to a bank.

That does seem quite high.  

@Michele B. Would love to get your contact also. Are these rates for permanent purchase and hold loans or flips? Thanks!

There are 30 year fixed loans available to LLCs. But, per the thread above, they are at higher interest rates. The question owners should ask is why they are setting up entities. If for liability shielding from personal assets, then they need to work with lenders who will do LLC loans.

Is this in Washington state and is it to buy and hold?

Or you can partner with someone to make up the difference with down payment?  Many lenders don't want to be in a first position.  If your seller will assume a second position (?), many lenders still don't want seconds.