All Forum Posts by: David Bilandzija

@Steven Garza  sent you a message

Here's why I ask... if you're a first time buyer you'll face a difficult challenge satisfying lender guidelines.  I'm thinking of your traditional non-qm/business purpose loan types.  

@Pratap Bhandari Typically, max LTV for office is 70% but that is generally found in primary and secondary markets. My number 1 recommendation is speak with your local credit union. If that doesn't yield any results, I would advise you to lower your expectations for high leverage. Adjust your sights to 65% and below. Hard money isn't designed for high leverage, i.e. above 65% LTV.

@Yushengji Zhou Hi Roger, do you own your primary residence or will this upcoming purchase be your first time buying? 

@Imdad Rahman to get that kind of leverage on rent ready properties you'll need to find secondary financing. One of our wholesale lending partners will allow a maximum 90% CLTV on a transaction. Lender provides a first position loan up to 75% of purchase price combined with seller financing not to exceed 90% CLTV.

@Santosh Prabakar DSCR loans have varying seasoning requirements depending on the lender. You've likely added value and increased your equity position. Refinancing to a competitive rate or even taking cash out based on a current appraisal should be your goal. Our team helps investors refinance at a minimum 90 days of seasoning.

@Amanda Shilling If proximity is part of the equation, consider Las Vegas and/or Phoenix. Both markets have had their fair share of price appreciation but a return on investment is achievable as long as you don't apply high leverage at acquisition.  

@Nikki Nicole we're highly reviewed on BP and specialize in DSCR financing. Happy to take any of your questions or review your scenario.

@Jim K. CHiRP LLC