All Forum Posts by: Dan Gamache

@Paul Bermingham call me at your convenience to discuss. Lot of different factors go into pricing/programs.

I am a Commercial/Portfolio Loan Broker and have recently signed up with a Lender that will go to 100% financing on Fix n Flip.

* 100% available in CO, CT, DE, FL, GA, IL, IN, KS, LA, ME, MD, MA, MO, NH, NJ, NY, NC, PA, RI, SC, TN, VA, WV

* Income Docs required (Tax Retuns, Paystub) for 100% financing.

* 4, 8, or 12 month term available

No Income Doc loans or loans in states not listed above are available up to 90% financing.

Contact me for any additional information.

Thank You,

@Sarah Wood any of the nationwide investment property lenders will lend to LLC (they actually require LLC or similiar entity). These loans are based on cash flow of the property, as well as credit & assets, but dont require any personal income documentation. Right now most require 25% down and offering rates in the 6's for 30 year fixed.

@Skylar Mcgee Commercial/private lenders will base the loan approval on cash-flow of property and will not ask about your personal income. You can buy a 1-4 family with a 25% downpayment and will be looking at a rate in the 6's on a 30 year fixed.

@Geo Cruz Most of the National Hard Money lenders will refi you out of the fix n flip loan at 3-6 months (using the new appraised value) offering 30 year loans. Programs are based on cash-flow of property. You'll be looking at rates in the 5-6% range with a point or two.

@Rich Tirado is 150K the purchase price? Also, what is buyer's experience (# of flips and/or innvestment properties owned in last 36 months.

@Jason Deangelis what is approximate purchase price? Is the property in need of rehab or rental ready? If it needs rehab you would need a short term Fix n flip loan and refi when rehab is complete. If property rental ready see comment above.

@John Lutkenhoff most portfolio lenders I work with require 25% downpayment (minimum property value per house is 75K). I think you would need to find an individual lender or partner for the loan scenario you are seeking.

@Jesse Soriano You can go with any of the nationwide commercial/private lenders (Lima One, Civic, etc). Minimum loan amount of 50K and property value must be at least 75K. Property must be held in LLC (or similiar entity). Pricing will be in ballpark of 6-7% on 30 year term.

I am a Commerial Loan Broker and have recently signed up with a Lender that will go to 100% financing on Fix n Flip.

* 100% available in CO, CT, DE, FL, GA, IL, IN, KS, LA, ME, MD, MA, MO, NH, NJ, NY, NC, PA, RI, SC, TN, VA, WV

* Income Docs required (Tax Retuns, Paystub) for 100% financing.

* 4, 8, or 12 month term available

No Doc loans or loans in states not listed above are available up to 90% financing.

Contact me for any additional information.

Thank You,