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All Forum Posts by: Chad Davis

Chad Davis has started 2 posts and replied 228 times.

Post: Lending on Multifamily

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Chetan Malik did you find a solution on this?

Post: DSCR Loans with Little to no Closing Cost

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Ojam Dawson Happy to take a look but need more information. There are quite a few things they may be leading high costs. Low property value and amount financed, escrows ( I don't consider as you have to pay tax and insurance anyhow), origination fees because of the low dollar amount

Post: Creative Deal - Finance Help Needed! (Primary)

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Neno D. As someone asked earlier how much experience do you have with flips? And how many have been this size?

Post: Looking for $1.26M, 8-9% for 3 years on stabilized 14 unit MFH. *FIRST POSITION*

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Nolan Gottlieb May be able to assist but would like to know why you are having difficulty and the feedback you are getting. Happy to connect and chat further.

@Adam Davis This is certainly possible. DSCR option may be a good option. Happy to take a look.

Post: Cash Purchase Rental Property by Mortgaging Another Property

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Garrett H.Have you considered DSCR financing. No DTI required and low doc. Happy to discuss further with you.

Post: Lender Needs - DSCR Loan for Manufactured Home - NC

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Todd Bugbee We can assist as long as the property is on permanent foundation and taxed as real property.

Post: Looking for Hard Money Lender

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Kale Mullikin Please connect with me. Our home office is in Philadelphia and we are a full service shop.

Post: Lender for Travel Nurse in Rochester NY

Chad DavisPosted
  • Lender
  • Richmond VA
  • Posts 270
  • Votes 29

@Quyen Luong If this is for an investment property you would be a perfect borrower for a DSCR loan. It is based off your credit along with income and expenses of the property. No W2, taxes or job letter required.