All Forum Posts by: Brandon Croucier

Commercial lenders do not need to be local.

Depending on your goals will determine the right product for you, is this a value add opportunity or is it a stabilized 18 unit?

How many units are we talking?

Is this a 1-4 or a commercial deal>?

Most lenders sell their loans out.

Nobody wants a loan where the asset is underwater every month.

The real question is, why is a property worth over $1M only producing $4,000/mo.

You should consider raising rents as this seems significantly below market.

Is the property stabilized or is it a value add?

Just call a local real estate attorney , they will draft up a note and deed of trust for you for a fee :)

I'd save yourself from the headaches and just buy it with a DSCR loan.

This is a hard money product,you typically just need a 10-20% down payment, funding will be 80-90% of Purchase Price + 100% of rehab cost.

AS LONG AS THE TOTAL LOAN AMOUNT IS LESS THAN 70% OF THE ARV

Once the project is complete you can then refinance into a DSCR loan.

Investor friendly lenders specialize in the acquisition of investment properties typically.

What is the issue? Is your DTI too high to qualify A paper/conventional?

Primary Residences do require licensing in the state of Virginia so most of us here on BP will not have that.

Call up a local mortgage broker and they should be able to assist you!

Is the property stabilized or are you looking for a value add play?

Do you have experience owning multifamily commercial? 

Depending on your goals, your experience , liquidity/net worth will determine the right product for you.

Is your goal cashout or just better rate & terms?