All Forum Posts by: Junaid Anwar

@Derek and Ryan, 

Thanks for your assists! The information helps clarify some other questions I had. What I am specifically asking is if I have a 30 year loan amortization with a 5 year loan on a 2m+ property, do I have to refinance to another lender at the end of the 5 year term? If I do that, will the new lender now also have a balloon period? How does the cycle end? 

I'm researching commercial loans and how they work. I understand that a majority of them carry a 5 year balloon AND an amortization period (usually 30 years). What's the purpose of having the balloon payment? If I refi to a different lender, wont they have a balloon payment period as well? 

Hey Everyone,

I have a property that I am about to purchase, straight cash, and want to know if anyone here as used the Fannie Mae exemption (pull 70-80% of LTV refi on the ARV of any given property). What kind of properties qualify and what do I have to do to get the process started?

Any input will help. 

Thanks,

Jay Anwar

@Jason Chen, I do not own a home currently. 

@Jason ChenI would need about $325,000 for all of that. Could you recommend ways to find one? Thank you for responding! 

Hi Everyone,

I am currently trying to raise capital for a down payment on a 10-plex building in Louisiana. This endeavor has not been fruitful so far and because of that, I am looking for alternative routes. I am currently a Senior Level Property Manager for my firm and have years of experience in the industry and from my experience, I know that this deal is too good to pass up. The current owner/manager is severely underpricing these units (all efficiency) by almost 25%. I want to use a variant of the BRRRR strategy here to force appreciation and refinance. Not only will I be able to pull tens of thousands of dollars our from the refinancing stage but the property will cash flow almost 2k after all expenses. Currently, I do not have enough capital for the 20% downpayment and am trying to figure out a way to finance the property. The owner does not want to do owner financing.

Does anyone know of a lender/loan that would possibly accept a lower downpayment for this property? Any insight or tips would be very much appreciated.

Thank You,

Junaid Anwar