All Forum Posts by: Chris Cambridge

It would be helpful to know your purchase price and type of tenants. 7&10yrs are available but it just depends. expect max LTV at 65-75%.

No but a simple source for RE investors and business is https://apply.fundwise.com/how...

Brett let's talk there may be some matches

If there is a mixed use building then it's a commercial transaction. I seriously doubt that the grocery was being used in a resi zoned space. I could understand someone using a space like an office but is resi saying home based business blah blah blah but not a grocery. So I will assume you have a mixed use building. If there are no or some 1 yr leases instead month to month it depends on lender appetite. Your qualification may be an issue. What's the real problem?

Liquidity and credit must be up to par.  700 Credit and shoot for 8-9 months reserves. Then you have to consider exit. Is it for fix and flips or long term rental or hospitality?

Lenders are available experience matters

For primary res or investment and commercial?

This is what you may expect to see out there

Multi-Family Loan Programs

PORTFOLIO:

Loan amounts $1MM - $20MM

Max. LTV 75%

Rates as low as 3.30%

Lending areas: NATIONWIDE-- MIN. 100K POPULATION

AGENCY:

Loan amounts $1MM - $100MM

Max. LTV 80%

Rates as low as 3.35%

Lending areas: NATIONWIDE-- MIN. 50K POPULATION

Notes: I/O only available (12 Mo. up to full term)  | 12 Mo. reserve account required

It's vague you miss a lot of factors that influence a loan like this. Tenant profile, NOI, asking price, LTC and others mentioned by Wang.