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All Forum Posts by: Steven Lee

Steven Lee has started 340 posts and replied 393 times.

Post: When can I Quit Claim Deed Primary Home Loan?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

Keegan,

1. If your property was purchased under an LLC with a Hard Money Loan. The debt would not reflect on your credit report which wouldn't affect your debt to income (DTI)

2. If you wanted to refinance the property from an LLC to your personal name. You would have to grant deed your personal name or trust and quit claim your LLC of the deed and wait a 6 month seasoning period to consider refinancing into a conventional loan.

3. You can never lower your DTI from by transferring the deed from your personal name to an LLC.

Hope this information help! 

Post: Need a Lender able to do 90% & 25% LTV for REI Company in March

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

James,

You would call a multi-family when there is 5 or more units. 2-4 units is still considered a SFR from a conventional mortgage point of view. You could actually go FHA depending where the property is located and put 3.5% down with full documentation showing your last 2 year income. Also, to purchase a SFR 25% is not always necessary. There are many ways to structure a deal even from a hard money perspective. I hope this information can be helpful!

Post: HMLs that work with poor credit

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

Hi Brikkelle,

The only way any investor will fund the deal is with a higher down payment and a higher rate. Even many of our private investors are very cautious of the market. 

Post: New and Experienced Real Estate Investors! Need a Hard Money Loan

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & RentalFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. 

Free Approval Letters for your Offers!

A+ rated on BBBhttps://www.bbb.org/.../finan.../rcd-capital-llc-1216-261282

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing• Foreign National Financing Available

• Multifamily Hard Money Lending

• Residential or Commercial Hard Money Lending• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days

California Finance Lender 60DBO-76030

NMLS 1722515

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota,Tennessee, Texas, Utah, Vermont, Virginia, Washington,West Virginia, Wisconsin, Wyoming

Post: Why is RCD Capital not your typical Hard Money Lender?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

Why is RCD Capital not your typical Hard Money Lender? 

1. Majority of our loan officers have done Fix & Flips and also hold rental properties.

2. Our loan officers will actually take the time to do their own due diligence on your acquisition , and review your Scope of Work to ensure you're not over budget or your contractor is taking advantage of you

3. We will share our vendors list of suppliers to help you save money on your projects

Post: Real Estate Investors! Need a Hard Money Loan for a Fix & Flip?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & Rental PropertyFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. Free Approval Letters for your Offers!

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates

• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing

• Foreign National Financing Available

• Multifamily Hard Money Lending

•Residential or Commercial Hard Money Lending

• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days.

Alicia Dancel

Office - 800.369.7009 Ex 120

Mobile- 832.573.9654

[email protected]

Andrew Kim

Office- 800.369.7009 Ex 133

Mobile- 213.505.5298

[email protected]

Ernesto Garcia

Office- 800.369.7009 Ex 129

Mobile- 714.860.2959

[email protected]

Jonathan Surak

Office - 800.789.0019

Mobile- 201.895.1926

[email protected]

Mia Kim

Office- 800.593.0001

Mobile- 818. 696.6481

[email protected]

Nick Harbin

Office- 800.369.7009 Ex 128

Mobile- 706.300.4648

[email protected]

Susan Kim

Office - 800.369.7009 Ex 131

Mobile - 714.675.1123

[email protected]

Steven Lee

Office - 800.369.7009

Mobile - 949.400.0402

[email protected]

California Finance Lender 60DBO-76030

NMLS 1722515

Post: Real Estate Investors! Need a Hard Money Loan for a Fix & Flip?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & Rental PropertyFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. Free Approval Letters for your Offers!

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates

• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing

• Foreign National Financing Available

• Multifamily Hard Money Lending

•Residential or Commercial Hard Money Lending

• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days.

Alicia Dancel

Office - 800.369.7009 Ex 120

Mobile- 832.573.9654

[email protected]

Andrew Kim

Office- 800.369.7009 Ex 133

Mobile- 213.505.5298

[email protected]

Ernesto Garcia

Office- 800.369.7009 Ex 129

Mobile- 714.860.2959

[email protected]

Jonathan Surak

Office - 800.789.0019

Mobile- 201.895.1926

[email protected]

Mia Kim

Office- 800.593.0001

Mobile- 818. 696.6481

[email protected]

Nick Harbin

Office- 800.369.7009 Ex 128

Mobile- 706.300.4648

[email protected]

Susan Kim

Office - 800.369.7009 Ex 131

Mobile - 714.675.1123

[email protected]

Steven Lee

Office - 800.369.7009

Mobile - 949.400.0402

[email protected]

California Finance Lender 60DBO-76030

NMLS 1722515

Post: Real Estate Investors! Need a Hard Money Loan for a Fix & Flip?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & Rental PropertyFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. Free Approval Letters for your Offers!

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates

• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing

• Foreign National Financing Available

• Multifamily Hard Money Lending

•Residential or Commercial Hard Money Lending

• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days.

Alicia Dancel

Office - 800.369.7009 Ex 120

Mobile- 832.573.9654

[email protected]

Andrew Kim

Office- 800.369.7009 Ex 133

Mobile- 213.505.5298

[email protected]

Ernesto Garcia

Office- 800.369.7009 Ex 129

Mobile- 714.860.2959

[email protected]

Jonathan Surak

Office - 800.789.0019

Mobile- 201.895.1926

[email protected]

Mia Kim

Office- 800.593.0001

Mobile- 818. 696.6481

[email protected]

Nick Harbin

Office- 800.369.7009 Ex 128

Mobile- 706.300.4648

[email protected]

Susan Kim

Office - 800.369.7009 Ex 131

Mobile - 714.675.1123

[email protected]

Steven Lee

Office - 800.369.7009

Mobile - 949.400.0402

[email protected]

California Finance Lender 60DBO-76030

NMLS 1722515

Post: Real Estate Investors! Need a Hard Money Loan for a Fix & Flip?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & Rental PropertyFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. Free Approval Letters for your Offers!

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates

• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing

• Foreign National Financing Available

• Multifamily Hard Money Lending

•Residential or Commercial Hard Money Lending

• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days.

Alicia Dancel

Office - 800.369.7009 Ex 120

Mobile- 832.573.9654

[email protected]

Andrew Kim

Office- 800.369.7009 Ex 133

Mobile- 213.505.5298

[email protected]

Ernesto Garcia

Office- 800.369.7009 Ex 129

Mobile- 714.860.2959

[email protected]

Jonathan Surak

Office - 800.789.0019

Mobile- 201.895.1926

[email protected]

Mia Kim

Office- 800.593.0001

Mobile- 818. 696.6481

[email protected]

Nick Harbin

Office- 800.369.7009 Ex 128

Mobile- 706.300.4648

[email protected]

Susan Kim

Office - 800.369.7009 Ex 131

Mobile - 714.675.1123

[email protected]

Steven Lee

Office - 800.369.7009

Mobile - 949.400.0402

[email protected]

California Finance Lender 60DBO-76030

NMLS 1722515

Post: Real Estate Investors! Need a Hard Money Loan for a Fix & Flip?

Steven Lee
Lender
Pro Member
Posted
  • Lender
  • 18021 Norwalk Blvd Suite 209. Artesia, CA 90701
  • Posts 444
  • Votes 34

RCD Capital is a Direct Lender for Fix & Flips, New Construction, Lines of Credit, Portfolio Loans, & Rental PropertyFinancing, Storage Facilities, 30 Yr. Mortgages, and Refi Cash Out. Free Approval Letters for your Offers!

• 80-90% of Purchase

• 110% of Rehab/Construction

• Low Rates

• Easy and Simple Loan Application with Minimum Documents

• Rental Property Financing

• No Seasoning of Funds Required

• No Income Verification• Loans up to $50,000,000

• Bridge Financing

• Foreign National Financing Available

• Multifamily Hard Money Lending

•Residential or Commercial Hard Money Lending

• Fix and Flips or New Construction

• Non Qualified Mortgage

• Portfolio Loan

• 30 Year Fixed Rate Mortgage

We lend throughout the United States Funding in 10-12 Business Days.

Alicia Dancel

Office - 800.369.7009 Ex 120

Mobile- 832.573.9654

[email protected]

Andrew Kim

Office- 800.369.7009 Ex 133

Mobile- 213.505.5298

[email protected]

Ernesto Garcia

Office- 800.369.7009 Ex 129

Mobile- 714.860.2959

[email protected]

Jonathan Surak

Office - 800.789.0019

Mobile- 201.895.1926

[email protected]

Mia Kim

Office- 800.593.0001

Mobile- 818. 696.6481

[email protected]

Nick Harbin

Office- 800.369.7009 Ex 128

Mobile- 706.300.4648

[email protected]

Susan Kim

Office - 800.369.7009 Ex 131

Mobile - 714.675.1123

[email protected]

Steven Lee

Office - 800.369.7009

Mobile - 949.400.0402

[email protected]

California Finance Lender 60DBO-76030

NMLS 1722515