All Forum Posts by: Jason Martinez

 YES that is exactly what it means.  They are sponsoring for the Non Recourse and it's up to the student to pull money from where ever they can pull it from, usually some kind of private lender 

About to begin this process. It's an investment/rental property. Not my primary. Had to use hard money due to condition of the property. Rehab is almost complete and now looking to refi the condo. Would like general input on making this as smooth a process as possible. Thanks!

Just went through a nightmare with them. Required more paperwork and red tape than you can imagine. Didn't close on time due to their review process. I'll leave it at that.  

Correct, the condo does not qualify for conventional due to its current condition. I’m able to put up 100k. Just need hard money to close the deal. 

This is a buy, rehab and hold scenario. Newbie investors. Individual buyers. Not LLC.

1bed 1bath Condo in Old Naples Florida. It is hurricane damaged. HOA handling much of the rehab costs including drywall, plumbing, electrical.

Under contract.  Need to close asap. 

Sales price $415K 

Conservative ARV $495

Rehab Costs $50K (35K covered by HOA; 15K covered by me)

Monthly rent $5500

Thank you!

Not having a good experience with them at all.