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All Forum Posts by: Brandon Croucier

Brandon Croucier has started 1 posts and replied 499 times.

Post: Letter of Intent with Loan Fee - Is this Legit

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Sure thing :)

Post: Letter of Intent with Loan Fee - Is this Legit

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

No need to be paying an upfront fee to a lender.

As a lender it is our job to perform or we do not get paid.

Post: Basic approach to secure financing on an investment property

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Brokers are your best friend as we have the entire industry at the palm of our hand and usually save you time & money.

Post: Looking For An Asset Based Lender

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

What kind of LTV Are you looking for?

Post: Lender backed out at closing table

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Hi Dashawn,

Happy to connect if you are still looking for financing.

If you have experience flipping, I have quite a few investors who would lend you on ground-up construction.

Post: Exploring Cash-Out Refi Options

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Hey Jerry,

You are definitely in the right place, there’s a multitude of lenders that could help you out. Is this a single family, multifamily or commercial property?

Post: Thinking of refinancing

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Now is not the time to refi for you, keep an eye on the MBS market, when you see a 1-2% drop thats when you should refi.

What state are you in?

Post: Rural DSCR lender - California

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

Hey Gene, Did you ever get this property refinanced?

Post: Non QM lending

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

It's lower than 1.5%, sometimes I price deals out conventional & DSCR, DSCR beats conventional pricing a fair amount of the time.

The only catch is the prepayment penalty on a DSCR loan.

Post: what are some well known firms that offer bridge loans?

Brandon Croucier
Posted
  • Lender
  • Newport Beach, CA
  • Posts 544
  • Votes 227

You have 600,000 problems.

Bridge lenders (HML) Want low LTV (65% Max Typically). They also want a priority lien on the property.

It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.

How much are you planning to come in with yourself?

What is the purchase price?

What kind of commercial building is it?