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All Forum Posts by: Jacob Sherman

Jacob Sherman has started 7 posts and replied 1291 times.

Classifieds

Post: Looking for Consolidation Loan

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

Your max loan amount would be around 400k 

0 Votes
San Antonio, Texas
Private Lending & Conventional Mortgage Advice

Post: Lenders who allow wraps?

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

Ahh a 2nd wouldn't be for us unfortunately 

0 Votes
San Antonio, Texas
Private Lending & Conventional Mortgage Advice

Post: Dscr loan Co-signer

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

If in an LLC just on the loan

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Investors edge Lending Co

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

check with the NMLS 

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Is there a bank that will lend a HELOC on a Multi Family Property

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

some credit unions but you'll most likely just have to go through a cashout refinance process 

0 Votes
Columbus, Georgia
Classifieds

Post: Need asset-based cash-out loan on free and clear property

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

The part where will be a struggle that it is being leased to a family member . Other than that can be done on a bridge or a DSCR which is 30 fixed limited doc

0 Votes
Classifieds

Post: Looking for Consolidation Loan

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

How much are the 2 properties worth ? 

0 Votes
San Antonio, Texas
Classifieds

Post: Looking for a Dscr Loan

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

What state is the property in ? How many years prepay are you looking for ? 

1 Vote
Orlando, Florida
Private Lending & Conventional Mortgage Advice

Post: Lenders who allow wraps?

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299

What is wrap ? 

0 Votes
San Antonio, Texas
Classifieds

Post: What type of challenges are you facing obtaining financing ? I'm here to assist

Jacob Sherman
Lender
Pro Member
Posted
  • 12 Penns Trail Suite 138 Newtown, PA 18940
  • Posts 1,359
  • Votes 299
Quote from @Andrew Zamboroski:
Quote from @Javed Hussain:

My current challenge is dscr/blankets for low value properties sub 75k. My portfolio is all 40 units well north of 100k but I've never done the lower end properties as I am now getting into the cleveland section 8 game from out of state.


 Only a couple of options out there in this range. We can help on 500k+ loan amounts and 50k+ values in a portfolio if you end up with something that works.


 agreed 

0 Votes
Philadelphia, Pennsylvania