All Forum Posts by: Eddie Starr

Quote from @Jacob Guereca:

Hey BiggerPockets community! My name’s Jacob Guereca, founder of Legacy Construction here in Wisconsin. I’ve spent the last 10+ years mastering the trades, from concrete and roofing to electrical work (I’m a licensed Master Electrician). The moment I picked up a hammer I was hooked, and that passion still drives me every day, Everyday I strive to be a better tradesman and make a bigger impact on my community with the skills I have learned. Legacy Construction is more than a contracting company, we’re about building community and legacy. Along with residential and light commercial projects, I run a Helping Hand apprenticeship program to mentor youth and young adults, especially those with tough upbringings. We teach real skills, create job opportunities, and even help families with low-income or free repairs when possible. I joined BiggerPockets to: • Network with investors & developers interested in Wisconsin projects (we’re currently designing a multi-home cul-de-sac). • Share and learn strategies for scaling a mission-driven construction business. • Connect with like-minded builders and mentors who believe in giving back. I’d love to meet others working on similar projects or who share this passion for real estate that leaves a legacy. Feel free to reach out or drop your advice and favorite threads below, let’s build something great together! — Jacob Guereca Legacy Construction – Building More Than Homes, Building Community

If you ever want to go into big construction projects of +$10M, I have some people that do up to 100% LTC/LTV,

Quote from @Chloe Mariant:

Hi all!

Property in question is a total of 25acres divided in two tracks for sale. Agricultural land, zoned agricultural/residential. It is perfect for a business I will start in a couple years but not now. Most likely this type of land will be gone gone in this area in two years.

I can not afford this land/finance it via a traditional route so I am looking into alternative ways to finance it. What options do I have? Owner financing? Separating 1acre, assigning it and using the assignment money as a down payment? Can I finance it as an investment if cash flow is positive while rented to a farmer for a couple years? What else am I not thinking about here?

Thousands of thanks to you all!

This is what my network can offer:
6-13%, Interest Only options; Loans from $500,000 to $20,000,000, Up to 50% LTV, Terms from 12 months–36 months; Raw land of +5A may be offered Up to 30 year Fixed Rate, Or up to 10 year Adjustable Rate, and is case by case.

If you haven't anything else, reach out, if this looks useful.

Quote from @Deborah Wodell:

I’ve had quite a few new investors come in lately asking about 100% financing through hard money — meaning no money down, with both the purchase and rehab fully covered by the lender.

From what I’ve seen, that’s pretty rare unless there’s some creative structuring involved.

I know it can sometimes be done through JV partnerships, seller financing in second position, or gap funding — but even then, it's usually based on the deal's strength, experience, and having the right connections.

For those of you who’ve been in the game a while — have you seen a true 100% financing deal happen for a new investor? If so, how was it structured?

Curious how you all explain this to beginners who are eager to jump in but don’t have much capital yet. Would love to hear your insights, advice, or even deal examples!

The only ways this would be possible, with lenders I work with are:

1) Large construction projects, of +$10M. If they are in the construction business, then up to 100% LTC/LTV can be an option. If they don't have that experience, they would need to team up with someone who does have experience, and probably not just a general contractor and team. Still, if they're determined, and can get a construction team on board for that, then it could be possible. If it's not +$10M, then it usually caps at up to 90%.

2. If the can get NNN properties of +$2M, then up to 100% can be an option, dependent upon the tenants credit. Again, they should have a good team in place for this, since they are new, so that way, when the inevitable happens, they have someone who can help them get through it.

That's my $2 (up from $0.02, due to inflation).

Quote from @Brandon Lee:

I’ve seen more lenders offering higher leverage lately. Curious — has anyone here closed a deal with 100% financing, and what was your experience?

 My network has up to 100% LTC/LTV, but they are mainly for large construction projects +$10M. Lower valued construction is 75%

The only other is NNN properties of +$2M, and that's dependent on the credit of the tenets. Case by case.

Mixed or multifamily is usually up to 90%, rates starting 2.75%.

The preferences are to construction, luxury properties, hotels/resorts/casinos, but again, it's construction or NNN for up to 100%, whereas the rest is 75-90%/

Our network offers the following, for investors looking for higher end projects, generally +$1M.

NNN Loan or Credit Tenant Leases (CTL): Loan backed by lease, Up to 100% LTV, Non-recourse, Loan term typically duration of lease, Tenants must be credit worthy. $2-20M. Government Offices, Office Headquarters, University/College Facilties, Data Centers, Hospitals and Healthcare Facilities, Manufacturing, R&D, Laboratory Facilities, Distribution and Warehouse Facilities, Bank Branches, And More.

Domestic Non-recourse 100% LTC funding Construction Lending. 10 million – 900+ million per project. Preferred project types: Waste management projects/treatment facilities, Waste-to-energy/energy/alternative energy/biofuel projects, Government projects/infrastructure parking garages, Resorts, casinos, villas, beach access/recreation centers/amusement parks, Condominiums & hotels developments in prime locations/major cities, Mixed-use (department stores, condos, hotels/shopping centers), Agriculture projects (food/water processing), Mining (with 43-101 or equivalent available), Other types of projects considered on a case by case basis.

Other construction: Non-Recourse Financing, Up to 75% loan-to-cost (LTC); Structured Debt & Equity Financing Available; 10 Day Start to Finish Streamlined Loan Processing & Closing; Lowest Rates – Starting at Prime; All Project Costs including Hard, Soft, FF&E, and ‘PIPs’; Construction to Permanent Programs Available; Ground-Up Apartment, Multi-family, Residential Subdivision, Commercial, and Hotel Construction Loans

Multifamily or mixed use: Close In As Little As 21 Days! LTV up to 90%. Rates As Low As 2.75%.

Land Loans: 6-13%, Interest Only options, Closes within 3 weeks usually, Loans from $500,000 to $20,000,000, Up to 50% LTV, Terms from 12 months–36 months; Raw land of +5A may be offered Up to 30 year Fixed Rate, Or up to 10 year Adjustable Rate, and is case by case.

Hotel Loans: Loan amount up to $100 million; High loan-to-cost (up to 75%) which include hard & soft costs, FF&E, ‘PIPs’, and closing costs; Interest Rates as low as 4%; Franchised hotels or upscale independent/boutique properties; Non-Recourse, limited-full performance based burn off.

Capex Financing: Hotel Renovations, Property Improvement Plans (‘PIPs’). Brand Conversions. Furniture, Fixture, and Equipment (FF&E) carve out for new construction; These loans typically range from $200,000 to $10 million and are amortized over the useful life of the improvements (usually 3-10 years). We can close a loan in two days.

144A Bond Funding & Regulation D Loan Program: 100% LTV/LTC; Loans from $10 million and Up (No Cap); No credit check; Low underwriting fee; No upfront costs to borrower other than Third Party Reports; Funding available worldwide (case by case); Interest rate 4.50% – 8.00%; Flexible repayment terms; Non-recourse, no personal guarantee; No asset verification; Best efforts basis; Costs of Third Party reports will be reimbursed at the time of funding; No prepayment penalty; Closing timeline – often as little as 90-120 days; Stabilized Real Estate; Rehab; Infrastructure projects; Mines, Oil, Gas; Technology, pharmaceuticals; Construction; Hotels & hospitality; Agriculture; Energy; Medical Practices (Dental, Veterinary, Ophthalmology and all Surgery Practices); Minimum 1.25 DSCR.

Other business acquisitions: +$10M, with +$1M net cashflow/EBITDA. Deals with CRE preferred, but not required.

If you have projects that are in these areas, comment or PM. Include as much information as you can. We'll review, and set up a telecall with the parties.

Quote from @Kevin Bristow:

I am trying to find a lender or lenders that offer financing with a minimal down payment for multiple professional office properties that are all under long-term lease agreements with the current tenant.  I was told a few years ago that there were some podcasts on BiggerPockets about some special lenders who do offer this type of lending.   I have looked into a possible SBS 504 funding; however,  I am looking at a range of around $6-6.5 million for all the properties that are being sold as a portfolio, and the SBA doesn't offer lending over $5 million, I was told.   The business would be located in Minnesota, and the properties in question would be spread out in 3 different states in the Midwest.    Thanks for any help in steering me in the right direction.

 Can you PM me? I may have some people in my network that can help.

Hello fellow investors,

I’m exploring opportunities in off-market commercial properties, particularly those with loans coming due or in financial distress. While I’m still learning about distressed assets, I am interested in connecting with experienced members who have navigated these investments or partnered on deals.

I’m especially curious about:

• Strategies for sourcing and evaluating loans coming due before maturity

• Insights into distressed commercial properties and how partnerships typically work

• Best practices when considering pre-foreclosure properties and their risks

I’m eager to learn and potentially form partnerships to approach these complex asset classes wisely. Any advice, resources, or personal experiences you can share would be greatly appreciated.

Thank you in advance!

Quote from @Jeremy Ackerman:

I am a real estate investor in St. Louis, MO. I currently have some single family homes and I'm looking to start investing in commercial multifamily. I am looking for someone who can help mentor me and give guidance as I expand into larger real estate deals. 

Are you looking at multifamily, +5, only? Or are you looking at commercial: retail, medical, office, industrial, etc, too?

Quote from @Dalton Foote:

Anyone know of someone in Florida investing and building storage units? Also looking for anyone tied to the marine/marina industry. Looking to connect and learn more about the industry since moving down here. Thanks! 

 When you say building storage units, are you referring to construction?

I also have some people focusing on lending for construction of Resorts, casinos, villas, beach access/recreation centers/amusement parks, if any of that.

Can also do a share of mixed use, or if you have something in your sights that's NNN, can also work off that.

Quote from @Brian Henry Jones:

Quote from @Brian Henry Jones:

I would greatly appreciate any advice on Commercial Real Estate Investing. Thank you.

Looking for sellers finance deal please.

You're aware that seller financing very few do 100% (which may be red flags), although if you structure it as an earn out, that could be a possibility...Most likely, seller financing ranges from 20 - 40%; some lower, some higher. You will then need to bring the rest.

The main options that could be 100% are new construction projects. It can be doable, if you're new, providing you have a competent construction team, or have or know of those with construction.

The other, main option, for up to 100% LTV would be NNN commercial real estate. My network has people that do that, Non-recourse, Loan term typically duration of lease, Tenants must be credit worthy.

If you're looking at deals that offer some seller financing, and are looking at MFH or mixed use, I've some people that can do up to 90%, rates starting at 2.75%.

If any of those are of interest, feel free to reach out.