@Qiong L.
Yes ma'am I actually have lenders that will go up to 80% LTV. I'm just mentioning that some lenders because you purchased the house within their seasoning. They only are willing to do a certain amount of leverage for the purchase and may be rehab you stack up all expenses they'll do a certain percentage of that. But I have lenders that you could finish your rehab yesterday and we can go ahead and start the 30 year amortization process now.
I’ve heard from so many people in the past seven years that I’ve been doing commercial lending, say that seasoning for commercial lenders is too long. We have 30 lenders at our disposal and I have spent years finding lenders they don’t really worry about seasoning too much. They just want to know you’ve done with the property what you’re looking to do and now how can we assist you put this into a 30 year amortization schedule so you can keep the most equity in the property in case you need to sell it and also at the same you’re also receiving the max monthly cash flow that you can get from your property. I have specifically hand-picked and these hand-picked these lenders to ensure that the client gets the best deal that can be offered. But remember we are not traditional bank financing. But our leverage is an interest rates we get sometimes five applications a day and we have over 40 branch managers nationwide.
