All Forum Posts by: David N.

I have a few airbnbs. All March and April bookings have canceled. How are things in Canada?  

Mark... I'm not with Constructive Loans. I'm done reading your stupid comments. Let's set up a time we can meet face to face. I'd love the opportunity to discuss your issue in person.  

Hello BP,

Does anyone know a lender who can finance a rental loan in IL without an appraisal? 

Thanks,

DN

It's definitely a lender overlay. You can find another lender who will not hit you for the additional expense, but it's not illegal to have overlays. I don't recommend creating fictitious rental agreements between you and your boyfriend. Just go find another lender without this overlay. Good luck.

Low Doc Rental Loan

Fix and Flip Line

Foreign National Rental Loans

Foreign National Additional Requirements

Foreign National Fix and Flip Loans

• Property Types: Residential 1-30 Units

• Term: 9 month (extensions available)

• Rates: as low as 7.25%

• Max as-is purchase price (LTC): 85%   

• Rehab costs: 100%

• Max after repair value (ARV): 65%

• Foreign nationals must bank with a U.S. banking institution

• Foreign nationals must have a valid U.S. Visa (if not subject to Visa waiver program)

• Foreign nationals must have a valid passport from country of origin

• Foreign nationals must have 12 months PITI(A) in reserve for outstanding mortgage debt

• Appraisal required: Yes

• Max loan amount: $10M

• Min loan amount: $50K

• Min credit score: 620

David Nunez

Constructive Loans, LLC

Investor Lending Consultant

1801 S. Meyers Road Suite 210 | Oakbrook, IL 60181

(312) 628-1162 Direct

[email protected]

www.constructiveloans.com

Low Doc Rental Loan

Fix and Flip Line

Yes... I guess we're going to agree to disagree. We are an institution. We are lending private money. We're regulated as a lender. We have auditors in house as we speak.  

Hi Eric,

My employer is an institutional private money lender. We are backed by a 2B hedge fund. We have guidelines like conventional but obviously we are a conventional lender. We only originate business purpose loans.