All Forum Posts by: Cheryl Jones

Cheryl Jones

NMLS# 1545633

[email protected]

(916) 626-2794

I like some of the things I'm hearing here.  I'm a lender with Finance of America.  I focus on Fix/Flip Rehab loans.  I started out in this industry as an investor.  My investments were Buy and Holds, meaning I purchased properties that I rented out and held on to.  You can partner with other investors if you want to get started in the Fix/Flip world.  However, ask yourself:  "What am I bringing to the table?"  "How am I a benefit to the investor if I have no capital to contribute?"  If you are willing to do the leg work that the investor has no time to do, then there can be a mutually beneficial relationship there.  I wouldn't expect a large percentage of the gain though.  Knowledge is power!  That goes along with experience is golden!  This is what I would do if I were you:  Get your house in order first.  Buy a primary residence, gain some equity, then borrow against that equity to invest.  That's my two cents!

Looking for Investment Financing? Look no further! Need a Line of Credit for Fix/Flip or New Construction, I can get it for you. See what you can be approved for! I also offer Business Loan Financing and Single/Portfolio Rental Loans. What's your Dream? Just answer these questions and I can get you a Term Sheet:

1. How Many Builds/Flips have You done in last 24 Months?
2. Do You own any Current Rentals?
3. How much Liquid Assets do You Have? (Checking, Savings, Retirement, Cash Value Life Insurance) We will generally Lend 5 X that!
4. What is your Net Worth?
5. What is Your Estimated FICO?
6. In what States do You Conduct Business in?
7. What is the Name of Your Corporation or LLC?
8. Your Phone# (Required to produce Proposal)

Go with "Soft Money," Not Hard Money!

Imagine not having to Reapply every time you need financing for your projects!  A Line of Credit gives you flexibility to do multiple projects saving you time and money.  Apply once and have your Line of Credit for one full year with the option to extend!  Rates start at 6.99%!  Call me to discuss:  (916) 626-2794

Finance of America Commercial provides rental term loans, new construction loans, and fix & flip lines of credit to residential real estate investors across the country, helping our clients overcome traditional financing hurdles and build long-term wealth through real estate investment. Finance of America is a Nationwide Company with the support of the leading global asset manager, The Blackstone Group. We are backed by 33 billion dollars and are confident that together we are building something extraordinary. All we need is the 8 pieces of information below and we will provide you with a term sheet that illustrates the rate and amount you qualify for within 24 hours.

1.How many builds/flips you have done in the last 24 months?

2.Do you own any active rentals?

3.How much liquid assets do you have? (checking/savings/CDs/stocks/ bonds/securities/retirement/ cash value life insurance) we will generally lend 5x that amount!

4.What is your net worth?

5.What is your estimated FICO?

6.What state(s) do you conduct business?

7.What is the name of your corporation or LLC? (If applicable)

8.Your phone number? (required field to produce the proposal)

Cheryl Jones

Mortgage Advisor-Residential & Commercial

NMLS# 1545633

(916) 626-2794

[email protected]

https://foacommercial.com

Contact:

Cheryl Jones,

Loan Specialist & Investor Relations

(916) 626-2794

NMLS# 1545633

[email protected]

www.onesourcecapitalgroup.com

One Source Capital Group Offers Private Money Options for Builders:

• 80% Loan-to-Cost
• Appraisal Based on Plans
• Recourse and Non-Recourse Loans
• Land Draws to Pay Off Escrows
• Multi-Unit, Commercial, Condo-Low/HIgh Rise, Residential Sub-Division
• 65% on Future Appraised Value
• Leased Land Ok
• Loans from $300K to $10M - to $50M (case by case basis)
• Rates between 6.99% to 11%
  
• 24 Month Max Term

                                                                                California Lender ONLY!

Call Cheryl Jones

(916) 626-2794

Loan Specialist/Investor Relations

NMLS# 1545633

CalBRE 01707451

[email protected]

onesourcecapitalgroup.com

One Source Capital Group Offers Private Money Options for Builders:

• 80% Loan-to-Cost
• Appraisal Based on Plans
• Recourse and Non-Recourse Loans
• Land Draws to Pay Off Escrows
• Multi-Unit, Commercial, Condo-Low/HIgh Rise, Residential Sub-Division
• 65% on Future Appraised Value
• Leased Land Ok
• Loans from $300K to $10M - to $50M (case by case basis)
• Rates between 6.99% to 11%
  
• 24 Month Max Term

Call Cheryl Jones

(916) 626-2794

Loan Specialist/Investor Relations

NMLS# 1545633

CalBRE 01707451

[email protected]

onesourcecapitalgroup.com

• Lower Interest Rates
• No Pre Pay Penalties
• 24 Hour Decisions
• Borrow as Entity or Individual
• Stated, Stated
• 2 to 7 Year Fixed Terms Available!
• Nationwide Programs Available
• Construction, Residential, FIX/FLIP
Contact: Cheryl Jones

Private Money Consultant

CalBre# 01707451

Nmls#  1545633

Hello everyone, it seems there's a lot of confusion on interest rates, LLC's, types of properties and loans. If I may, let me try to clear things up.

I'm a lender who helps borrowers with all types of properties and loans. Yes, your credit score is a factor even with investment loans. AKA "Hard Money" & "Private Money" loans. Yes, you can get a loan if your properties are in an LLC. The interest rate is determined by the following:

• Your experience as an investor - the longer you've been an investor, the better the rate
• Your Mid Credit Score - Usually need at least a 650
• The property's merit - where it's located - metropolitan area is best
• You need skin in the game - in most cases 20% down
• Need an exit strategy - lenders want to know what you plan to do with the property & how you plan to pay off the loan: ie.: Fix/Flip properties, construction, land loans
• What are your financials?  Do you have the ability to pay back the loan?
• Buy & Holds - what was acquisition date?  What is the equity?

I could go on, but I think this is a good start to help everyone understand the logistics of obtaining a loan for investment purposes.  

Please feel free to message me if you have any other questions.  Thanks.