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All Forum Posts by: Brandon Croucier

Brandon Croucier has started 1 posts and replied 549 times.

Post: Private Money Lender Contract

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

It is in your best interest to find a local real estate attorney & have them draft up a note & deed of trust.

Post: what should I do with 150k cash

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

If you are going to need it in a year, a Private Money Note is your best bet ;)

Post: Do I have enough money to start private lending for fix and flips?

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

Everyone starts somewhere :)

Post: Looking for Lenders in the DFW Area

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238
Quote from @Dave Chengoue:

@Brandon Croucier Would it be possible to connect next week?


Of course :)

Post: Looking for Lenders in the DFW Area

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

I just moved away from DFW but still do quite a bit of volume over there.

Post: Seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

Is this a Rehab deal or a cash flowing property?
Happy to help

Post: Cash out refinance - been holding for 2 years

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

Three Months ago, low to mid 6's were available.

Rates are going to continually fluctuate but if you have a way to earn 10+% on your capital, the TIME you are not using it is going to cost you way more than the extra .5% per year will.

You are walking over dollars to save pennies if you are waiting for the perfect rate, half of the people who held out on getting mid 6's were waiting for high 5's. Now they are out of luck.

Post: Best current commercial lending options for small/mid-sized apartments?

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

Fannie & Freddie could be a great option for you but they have some strong requirements, 

Net worth, experience, liquidity, DSCR just to name a few.

Happy to connect & see if that product could be a good fit for you.

Post: Refinance DSCR Advice

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238

One thing to note, if you want 0% Origination. You will pay for it in the rate, which typically will be .5-1.5% higher as a result, over 3+ years it ends up being quite a bit more expensive.

Post: Looking For DIRECT Private Money Lender

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 598
  • Votes 238
Quote from @Chris Watkins:
Quote from @Brandon Croucier:

I have a deal for a client that was recently denied by a lender last minute up in the northwest.

The borrower's note is due month end and we are looking for a lender to Perform.

Looking for 1.25-1.3M Loan Amount.

Payoff is $950,000

Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

The property is located just north of Portland.

We are needing to close by month end.

If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

If you have direct capital, feel free to PM me.


 Have you talked with Zach Smith at Cetan Funds? Sounds like a deal he could do.


 Yes I have and they want to cut me out!