All Forum Posts by: Ryan Agustin

Hi BP Community in Hawaii, Are there any real estate investors living in Hawaii available to meet for a cup of coffee to chat about investing in real estate in and out of Hawaii? I'm interested in picking your brains about what Actions to take. Please give me a private message if you prefer and we can set something up. Thank you.

3 Votes

Honolulu, Hawaii

Welcome to BP! I would recommend setting up your Keyword search for any topics you are interested. And be active on the forums...you'll learn a lot quickly by doing so.

0 Votes

I'm looking at refinancing my property

I have the following proposed terms:

Loan Amount: $425K

Estimated Interest: 5.5%, 5 years fixed, then variable

Term: 30 Years

Amortization: 30 years

Max LTV/LTC: 75%

DSCR min: 80%

Prepay Penalty: 3-3-2-2-1%

Min Sponsor Net Worth: $425K

Min Sponsor Liquidity: $42,500

Est Due Dilligence Escrow Requirement: $2,500-5K

Structuring/Origination Fee: 3 points

Could anyone help me with analyzing these terms? Or if you have an excel sheet that can calculate my payment schedule? Also, I don't know what the prepay penalty numbers mean.

0 Votes

Hi All,

My brother and I are meeting with someone who is interested in joining our LLC. Primary role would be providing the funds.

If you are an attorney or if you know of any attorney specializing in Real Estate in the Hawaii region, please contact me. Mahalo.

-Ryan

0 Votes

Hi all,

Has anyone used the Rental Property Calculator to best present your property to a lender?

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Originally posted by @Joel Owens:

Wow if you are under 500 a unit in GA that is low income.

Are these all 2 beds or 1 bed mix??

When you start having metrics like 1 bed, suburban to rural population location, low median income levels, low rent per door, small size etc. you start stripping away lot's of lenders.

Are you sure there is not a local bank close to the property that would do a refi?? They might not have the terms you want but loans in that range are not very competitive to the borrower like larger loans are.

The REFI should have been researched heavily with 3 to 4 lenders lined up before even acquiring the property.

This would have given time from acquisition to work on things if your partner needed to when you went to REFI.

Yes, the units are mixed 2br/1br. Thank you for your reply. We will be moving forward to finding the closest lenders near the property.

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Trying to refinance my 30-unit Georgia Property. The problem is that the Navy FCU has denied the application due to my partner not meeting the desirable credit score of 650+. B2R financing was a no go due to rents needing to meet $500/unit.

Anyway, what are some ways/suggestion to work around this besides keep contacting Loan Officers and Mortgage Consultants for refinancing?

If anything, the lessons here is 1) make sure your partnerships meet the desirable credit score, 2) make sure you meet requirements for B2R Financing, but still a great tool to use when refinancing your property.

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All Forum Posts by: Ryan Agustin

Ryan Agustin has started 7 posts and replied 19 times.

Post: Calling all real estate investors in Hawaii

Post: Calling all real estate investors in Hawaii

Post: Calling all real estate investors in Hawaii

Post: Calling all real estate investors in Hawaii

Post: The Beginning to my Investing Journey

Post: Small Balance Conventional Commercial Loan Analysis

Post: Real Estate Attorney Wanted in Honolulu, Oahu, Hawaii

Post: Best way to present property to Lender for Refi

Post: Refinancing 30 unit property in Georgia

Post: Refinancing 30 unit property in Georgia