All Forum Posts by: Hans Restuccia

Aaron McGinnis

thanks for reply- are getting construction progress draws????

What kind of re-hab loans are you seeing in the marketplace?

What kind of loans terms would you like to see??

Welcome! Glad to have you!! Let me know if I can be of assistance in any way. (I am new to BP too- smile)

With "0" cash down it will be hard to find a HML. The will lend 50% to 65% LTV, sometimes a little higher but you would need cash, usually.

wow

Thomas Price

Hi sir- as a HML we do not care if you have experience- we look only to the equity- therefore, we would lend to you on a deal at 50% to 65% LTV. If you have that kind of cash down then you can look for a HML like us.

THIS IS NOT AN AD FOR BUSINESS- you are too far away and the loan size you would want is too small for us outside of South Florida, however, if you like, send me an email and I will send you our lending program and forms- they will represent a model of proper legal disclosure, detail, normal lending criteria for the industry, appropriate costs for the industry, etc., then you can look for the same thing in your area from other lenders so you know you are working with a reputable lender.

Jean Paul Valley

Welcome! Glad to have you!! (I am new to BP too- smile)

I have spent many years in RE development and doing development law, zoning, permitting, etc. Let me know if I can be of assistance in any way.

David Jackson-

I like your thinking above- sounds proper-

Ned Carey
Right!! and what we find since the new Dodd/Frank act and the NMLS is that they are NOT doing a good job of conveying the law so we keep getting conflicting answers. What helps us is that we only lend to a business entity- Corp. of LLC- that mitigates much of this.

Because the stock market is exploding- people w/ money will be forced to invest there and will not compete as much w/ HML's at low rates which will stabilize our rates- agree??

Any comments???

Bill Worsley- very well said sir!!!