All Forum Posts by: Hamza F.

Hello - looking for an aggregation facility/real estate line of credit for stabilized rental properties (1-4 units). Does anyone know of a lender/bank that offers such a product? We already own 4 properties in the same town, and are looking to buy more properties in the same town. Our business plan right now is buying/aggregating stabilized (or very close to stabilized) properties and eventually selling or putting a long term portfolio loan on them once we have significant volume. If anyone knows of such lenders that are offering this type of product right now or can offer such a product yourself, do let me know. I'd be happy to discuss our needs and business plan further.

Thanks, 

Just realized this was posted in the Jersey City forum - should not be under this forum but my questions remains the same. Thanks.

Hello - I am based out of NY but exclusively (at this point) invest out of state. I was wondering if anyone who also invests out of state had any recommendations with RE-focused tax accountants? Really looking for the following services (some or all):

-> File taxes for properties/investments under my personal name
-> Prepare K-1 for investors/LPs
-> Provide back-office/CFO type functions (optional but would be great to have).

Any recommendations would be much appreciated. Thanks.

Congrats Lane! Would love to hear about your business plan/progress as well. Fellow Huntsville investor here myself and loving that market so far!

Hello - anyone aware of lenders that will lend on stabilized multifamily properties (20+ units) in Ohio (specifically the Cincinnati MSA). 
Ideally looking for the following terms:

Loan Amount: $1MM - $5MM
LTV: 65%-75% LTV
Rate Type: Fixed
Loan Term: 5, 7 or 10 years (flexible on this)
Amortization: 30 year (most important criteria for us)
Recourse: Preferably none but can be open to recourse 

A handful of lenders we have spoken to offer a 20-year or 25-year amortization schedule (we're flexible with term but would like at least 5-years). If you happen to know a lender who can provide financing with the above terms - do let me know/point me in their direction.

Thanks,

NYC investor right here - feel free to message me whenever, would love to chat!

Thank you for your replies!

Hello,

My partner and I are about to acquire a small MF (2-4 units) in AL and are looking for private money lenders who can provide a fixed-rate loan (either to us personally or to an LLC). What would be the best way to go about getting quotes (have not taken a private loan/HML before), is obtaining a debt broker usually the best option? The Property is stabilized/tenants are on formal leases and we are looking for LTVs at 80% or higher.

Additionally, if there is a forum on BP that I can post to get connected to private lenders, do let me know (and apologies if this is the wrong forum to be doing so).

Thanks,

Thanks! 

 Thank you Ryan - is the 70%-80% you are referring to a typical bank loan on the mobile home park, or something like an SBA loan?