All Forum Posts by: Issac San Miguel

Hey Zach,

Depending on the lender they can usually take into account about 50% of your stock holdings illiquid or not. However, the first question they are going to ask you is how you are intending to pay for the down payment.

Hope this helps!

Agreed with all the above.

Your first few flips expect to pay between 20-25% down.

Find a lender you trust and keeps you moving throughout the process - I.E. a company that won't tie up your draw funds and answers the phone when you call.

Hey Nico!

Typical terms for the best clients of HMLs get:

12-18 month term I/O

7%-10% interst.

Up to 90% LTC with 100% rehab funding ( some HMLs can go up to 100% financing for their super VIP clients)

1-3 pts depending on deal size

The biggest thing I would discuss with them is volume - how large of a deal can they handle? How much time is going to be lost waiting for them to vet your purchases and draws?

I heard a great quote this morning in my office - question posed from lender to client - "Why are you stepping over dollars to get to pennies?".  The idea here is finding a lender that trusts you and your process - a person or company that isn't going to stop you from winning because they don't like the neighborhood or subject property, only to save 50bps on rate or a 1/2 pt on origination.

Feel free to reach out if you want to discuss further.

Hey Nicholas,

I would recommend reaching out to a small regional bank in your area for something like this.

Your down payment goals are a bit optimistic in the private money world.

For a super experienced client, I think you could potentially hit 15% loan to cost with private money.

Hey Brian!

There are several options for you depending on your risk tolerance and long and short term goals.

The short answer is yes, you can access your equity through a hard money loan, up to75% of value.

Let me know if you have any other questions.

Thanks!

Issac

You can use liquidity and experience to get a HML without proving income. Typically, HMLs only fund investment properties with a non owner occupied requirement. Let me know if you have any other questions.

I would have to agree with Beth, I have never asked for an upfront fee as a direct lender.

My PM contacts only manage certain asset classes - are these A, B, C properties?

Hey Celine

I love this - it truly helps in the transparency needed between lenders and agents.

Tackling problems before they arise and making sure contingencies are in place for when things go awry is crucial to a timely closing.

Thank you for being a fantastic broker in the Austin are!