All Forum Posts by: David N.

I have low doc rental loans with long term financing options

I can offer 5/1 fully amortizing ARMs or 30 year fixed terms. I can go has high as 85% LTV on a purchase, and 75% cash out refinance for single family. I can also do 75% LTV on a multiunit purchase, and 70% LTV on a cash out multiunit property. We can close in 5-10 days after we receive the appraisal. It's a very easy process to close on these loans.

Purchase

• Property Application – signed and dated
• Purchase contract (complete with all addendums)
• Copy of earnest money check
• 2 months of bank statements
• Copy of an identification
• Articles of incorporation and operating agreement for entity (if applicable)

Cash Out Refinance:

• Property Application – signed and dated
• Copy of an identification
• Copy of the current lease agreement
• Articles of incorporation and operating agreement for entity (if applicable)

Rate and Term Refinance:

• Property Application – signed and dated
• Copy of an identification
• Copy of the current lease agreement
• 2 months of bank statements
• Articles of incorporation and operating agreement for entity (if applicable)

Let me know if you have additional questions.

Best,

David Nunez

Constructive Loans, LLC

Business Development Consultant

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

(312) 628-1162 Direct

[email protected]

Hi Tymesha,

There are institutional private money lenders who can help with your first project. Initially... You'll put down 20-25% on the "as-is" purchase (LTC). You'll pay for the rehab work upfront then be reimbursed up to 85% of the cost, and the loan amount will be capped at 65% or 70% of the after repair value (ARV).

The terms you'll be offered are based on your credit scores, liquidity, and investor experience. You'll pay points and standard closing costs. You can expect better terms once you build up a successful investor track record.

Best,

Dave   

Thank you for the mention Hai. Adeiya please PM for more information.

Best,

Dave Nunez

Low Doc Rental Loans

• Rates as low as 6.75%
• Loan amounts $60K to $1.5M
• Non-owner occupied residential 1-40 units
• DSCR of 1x
• Purchase up to 85% LTV
• Refinance including cash out up to 75% LTV

Low Doc Rental Loan

Low Doc Rental Loan

Foreign National Rental Loans

30 year fixed rate with interest only option for Commercial apartment buildings 5-40 units DSCR of 1x to qualify

Hi Paul,

I'm at your service. Let me know how I can help?

Best,

Dave

Foreign National Rental Loans