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28 June 2024 | 100 replies
>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.
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22 June 2024 | 17 replies
Then you simply deny them.What it does, unfortunately, is induce people who aren't qualified to apply because you can't exclude them in the advertising or on a blind inquiry.
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23 June 2024 | 105 replies
But the idea of asset protection is to not pay out and not let plaintiff’s be able to exercise a judgment against you.
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20 June 2024 | 1 reply
This should eliminate the homeowner (1) selling a property while remaining liable for the note (subject to), (2) tying up his property with a “buyer” who has no intent to close unless he finds someone to pay a higher price (wholesaler), (3) paying above market rental for an option to buy that can never be exercised (4) purchasing a property from a fix n flipper who did shoddy rehab, (5) purchasing a property with nebulous legal title, (6) contracting for home improvement with a fly by night contractor who then puts a mechanics lien on the property and (7) “listing” with a wholesaler disguised as a Realtor who doesn’t put the home on MLS.
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19 June 2024 | 11 replies
A mental exercise that I always like to ask is what is most important to you as you get started?
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21 June 2024 | 20 replies
- Maintain a healthy lifestyle with proper nutrition and exercise.6.
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18 June 2024 | 69 replies
Someone could give a point of view for a real exercise of wholesale ..There is a property that is not for sale but this deteriorated in an area where rehaber would find an opportunity.The property is in an area, which is also a thriving market for such business ..The property was spoken and agreed on a price before the inspection ...The investor and final buyer is at hand ...The day of the inspection costs will be determinedrepair and be given a final offer, putting theproperty under contract.the roll here would be ..controlling the property and then assign this to an end buyer.
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14 June 2024 | 6 replies
I understand that this fee will be credited to my security deposit when I move in.I further understand and agree that if I should change my mind or become unable to move in for any reason, other than Landlord exercising discretion not to rent the apartment, this holding fee will be forfeited by me, and I will receive no refund of the fee.Monthly rent per lease will be due upon move in the amount of $XXXX.00.I acknowledge and agree by my signature below that the additional security deposit I will owe at the time of move in is calculated as follows:Total security deposit Per Lease of $XXXX.00.
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16 June 2024 | 23 replies
@Robert TinkerHere are some exercises to help you find a location to check out.Get on Sparefoot or Google.
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14 June 2024 | 4 replies
Then do the exercise for your location.