All Forum Posts by: Robert A. Coloma

@Timothy Hero would you mind sharing which company was that and you could share a contact person. Thank you !

@Juan C Osorio it was already an established LLC.

You do by need to have one when you apply they can create one for you.

@Desiree Ahwong it was $250k for me and $150k for my wife

They are legit an awesome to work with. We are doing our 2nd round.

@Chris Mason hi!

I also have the same question though I have the rental property for more than 2 years. How do you factor that. Can you run the the numbers as well for me. Pls meassade me. Thank you!

@Sudhanshu Singha

I'm not too familiar about commercial lending. Can you help me more understand what commercial lending is and if I can use it for residential investment/rental property? Thank you !

@Cameron Tope

I do have a 1st lien HELOC on my primary already and regular mortgage on my other rental. So paying off some debts is the way to go. Thank you !

Following

For those experts, your input is highly appreciated . I'm a newbie here!

My offer just got accepted for an REO property and needs some rehab before we can close the loan and ready for rent.

I got call from a lender LOANGUYS to do a bridge loan. I was told that they can do it as low as 5.75% for 12 mos, no docs just purely asset base, no prepayment penalty.

I am new to this. Did anyone work with them or are they even legit?

What are things I need to know with this kind of loan?

Thank you

@Sudhanshu Singha any suggestions who does commercial lending? How was your experience ?