All Forum Posts by: Joshua Manier

Hello Everyone,

Does anyone know of a lender who can provide a 1st lien HELOC on a 2 unit rental property? Great rental income, strong FICO, low LTV (60% or below), strong liquidity and PFS. Thanks in advance.

Hi Ryan,

We provide fix and flip and bridge loans starting at 9.99% rate for well qualified borrowers. Depending on the type of transaction, we may be a fit for what you are looking for. Please let me know if you'd like to discuss further.

Red Rock Capital is actively funding non-recourse transaction on 1-4 unit investment properties in 40 states around the country. Our bridge and fix and flip program can lend up to 80% LTV on this type of transaction ($1.5M max loan amount). We also have a long-term rental non-recourse loan at 60% LTV with rates starting at 7.75% on a 20 year amortization for a 5 year ARM.

If anyone is interested in learning more about how this type of financing can supercharge your retirement account by using these types of loans, please feel free to reach out.

Thank you

Josh

Hi Imdad,

We can provide a DSCR loan at 85% LTV (15% down) with a 740+ FICO score and the property must be a 1.0 or higher DSCR. There is also the ability to do a 1% rate buydown to help get the payment to qualify. We do require $75K as a minimum loan amount but would be glad to help. Feel free to reach out to our office. Please let me know if you have any additional questions.

Thank you

Josh

Hi Steven,

We can assist with this type of transaction for your parents who are in Germany, that's not a problem. Please let me know if you have any further questions. Feel free to reach out to our office and we can provide a detailed quote for the new loan.

Generally not a lot. If you have experience or an extra large down payment those could be factors to help negotiate a lower rate. Good credit can also help or additional collateral. 

Hey Colin, I'm a local lender in Colorado Springs that specializes in investment property financing. Our website is www.fundwithredrock.com 

It would be great to connect! 

Best,

Josh