24 June 2024 | 4 replies
They are using their license solely to originate business purpose loans in compliance with state regulations.Regarding the size of your loan, we understand the challenges of finding lenders willing to work with smaller loan amounts.
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24 June 2024 | 4 replies
You can filter by type, size, location, and development stage to pinpoint areas with upcoming projects.News and Research: CoStar offers a news section with articles on recent and upcoming developments.
24 June 2024 | 11 replies
Hi Tim,This week, we executed a term sheet for a client for a similarly sized asset in RI at 70% LTV, 30 Year Fixed @ 7.625%.It is possible to get a lower rate if you're okay with more thorough underwriting.
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23 June 2024 | 7 replies
Although you are not talking a Syndication, I would seek out Syndications in the type and size of REI you're interested and go through the investment process with them to see their setup.
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24 June 2024 | 4 replies
And the majority of commercial lenders have rates in the 6s or 7s right now for most real world scenarios, and being overly worried or concerned about if it's 5 units or 500 units is absurd, both the rents and the loan size will automatically scale up and down accordingly (if anything, the larger unit counts scale better, so limiting someone to X units makes zero sense).
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22 June 2024 | 2 replies
Would the government pay 100% of the rent due to the tenant being on disibility and eliminate the need to collect any portions of rent that a tenant on non-disibility would have to pay.
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26 June 2024 | 32 replies
Some of these exceptions have been unsafe environment (article from borrower with shooting nearby, larger family size and need for more space from unexpected pregnancy, job relocation, and other.So every 2 years is fine however dont let that 2 year figure hold you up because there is general guidelines then there is whats "really," happening out there with loan underwriters and what they'll actually approve.
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21 June 2024 | 10 replies
In which case, splitting out the rental portion of the activity from the operating portion would help reduce the exposure to self employment tax3) One is a qualified real estate professional for tax purposes...but wouldn't be a material participant in the hotel activity.
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24 June 2024 | 26 replies
I'm relatively new to BP, but it seems skewed towards companies of this size, and I wouldn't be surprised to see .I have some good news and some bad news for you:Bad news: There isn't a good way of getting Yardi training outside of working for a company that uses it.
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25 June 2024 | 18 replies
Still chase people down on their $50 portion but id rather chase them on $50 v $800 for full rent.