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All Forum Posts by: Mary Ann Shlim

Mary Ann Shlim has started 6 posts and replied 14 times.

How to buy modular home site on Gulf of Florida. Looking for area near tourist attraction. 

Looking for knowledgeable person in Florida regarding topic. Thank you

Looking for modular home site/Land near Clearwater beach Florida or surrounding tourist areas.  Can be a ready to be divided land or zoning allowing for modular home(15-20 sites)

Post: Bridge loan process?

Mary Ann ShlimPosted
  • Northbrook, IL
  • Posts 15
  • Votes 2

@Alex Brant Debt to income. They use a percentage for a traditional loan to see what amount you qualify for. 

Post: Bridge loan process?

Mary Ann ShlimPosted
  • Northbrook, IL
  • Posts 15
  • Votes 2

Its not a rental. Its a flip we finished. We dont qualify for traditional lending because of dti.

Post: Bridge loan process?

Mary Ann ShlimPosted
  • Northbrook, IL
  • Posts 15
  • Votes 2

@kathie riedel we have a property free and clear looking to cash out to work on the next project. 

Post: Bridge loan process?

Mary Ann ShlimPosted
  • Northbrook, IL
  • Posts 15
  • Votes 2

What's the process like? Looking for advice from actual borrowers and lenders specifally Bridgeloan or similiar products. 

Post: Rehab Fix-Flip loans

Mary Ann ShlimPosted
  • Northbrook, IL
  • Posts 15
  • Votes 2

Interest Rates at 8-10% is fair enough. If all around interest + any associated fees keeps you at 4k cost for under 6months. In my opinion thats fair.

I think I need to talk to Private lenders and get detailed info on how they work. 

I was wondering if all private and HML in IL charge points?