All Forum Posts by: Ian Fisher

Possibly yes. Currently I have the following options available:

- 90% at 8%

- 70-75% at 5-6%

So I'm interested to learn whether there are other options that would get me to the same total 90%+ leverage and a lower blended cost of capital. I don't have a property under contract just yet, but will do so as soon as I finalize a path on financing; it will be a $2-2.5MM purchase of a primary residence in the Chicago suburbs.

Yes, all correct. I can get 90% in a first lien at 9.5%, or 70-75% in a first lien at 70-75%. If I do the second, I can put as much as I like behind that, post closing, and on a blended basis am still much better off at any reasonably possible interest rate for that second when blended with the first at 5%, vs. one tranche at 9.5%. Looking for lenders who would do this.

Second lien / HELOC to take me from 70/75% LTV up to 90%+ on a $2.2MM purchase. Non-QM / bank statement based.

Hi - have done a lot of real estate investing but find myself back to square one when it comes to financing primary residence. I have a first lien lined up at under 5% for 70-75% LTV. I could do up to 90% at 9.5%. In both cases non-QM / bank statement based, since as an investor my tax returns show negative AGI. >$2MM purchase price. Rationally it'd make sense for me to pay 12% or more all day long for the slice from 70/75% to 90%+ and my blended cost still comes in lower than 9.5%. Any ideas? Would need to be done as a refi, as my first lien lender has no issue with it but can't put it in place at closing (so we'd use cash and then refi back out soon after closing).

Hi - have done a lot of real estate investing but find myself back to square one when it comes to financing primary residence. I have a first lien lined up at under 5% for 70-75% LTV. I could do up to 90% at 9.5%. In both cases non-QM / bank statement based, since as an investor my tax returns show negative AGI. >$2MM purchase price. Rationally it'd make sense for me to pay 12% or more all day long for the slice from 70/75% to 90%+ and my blended cost still comes in lower than 9.5%. Any ideas? Would need to be done as a refi, as my first lien lender has no issue with it but can't put it in place at closing (so we'd use cash and then refi back out soon after closing).