All Forum Posts by: Jesse Holsapple

We're still hungry for more Single Family & Multifamily deals to fund!
Brokers, investors, real estate developers, general contractors, real estate agents all welcomed.

In business for over 40 years, licensed in 39 states.

SFR:
1-10 unit DSCR loans
Construction loans
Fix & Flip / Renovation loans
Bridge loans
Terms from 12-24 months IO / Financing IR available for refinances
Loan amounts up to 5,000,000

MF:
Construction loans, PUD's, Subdivisions, etc
Fix & Flip / Renovation loans
Bridge loans
Terms from 12-36 months IO / Financing IR available for refinances
Loan amounts up to 15,000,000

send all scenarios to: [email protected]

406.552.2979
I'm available from start to finish, not 9 to 5.

 yes. If you come to a lender and say hey I need financing triggered on this construction project asap! Then they dig a little deeper and find out you aren't shovel ready then you'll basically be placed on hold until you are. Financing is the last step. I should be able to review your construction budget, proforma for performance for when it's built, who the GC is, see the approved site plans and permits etc. Otherwise what happens is someone is asking us to do a loan but they have to wait X amoutn of months for this or for that within the loan. We don't want that level of exposure. If the loan defaults, you never built the building, the permits never came, what's the lender going to do to recoup? 

I'm a MF lender. We've been in business for 40+ years and are licensed in 39 states. We're actively looking for SFR & Multifamily deals to finance.

SFR up to 5mil with terms from 12-24 months
bridge
fix and flip 
Construction 
DSCR 1-10 units up to 30 years fixed

MF:
Bridge
fix and flip 
construction, PUDs, Developments, etc 
up to 15 mil 
terms from 12-36 months 

Actively looking to review and finance deals that fit our box. Feel free to reach out when the time comes.

As a lender with a big focus on multifamily construction loans I can say I've seen both approaches being taken A LOT recently in various states. The biggest similarities I see are what is my total project cost vs what the demand will be when it's completed. How long will it take me to get there? Is it soon enough that we can expect either the same numbers we started with for rent roll accuracy and sale value or an increase which would be even better? 

Both GC's doing these projects themselves, and market savvy investors utilizing general contractors have come out on top in both arenas for renovations of existing builds, and new all together whether they're sold or Built to refi and rent out long term. 

It's probably only just to say I have seen many deals built with courage that were not fundable because the numbers didn't make sense. 

Research Research Research.

Here would be my differentiating straight answer, because either way my appraisal that is required is going to tell me what the market rate for rent is. 

If it's leased and the ratio looks good you're getting the highest ltv possible, if it's unleased then it's technically not income producing upon purchase, your LTV is most likely going to drop as far as maximum eligiblity goes by 5-10%. I didn't make the rules, but I will absolutely tell you what they are and how that effects your purchase.

What are the details of the property?

DM sent

DM sent

Sent you a DM

We're a nationwide True Direct private money lender for investment properties. 

Sent a DM