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14 May 2024 | 10 replies
You're not going to get an attractive 30y amortization loan if you're using multiple properties as collateral.
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14 May 2024 | 18 replies
-Carlos One thing to know, when you do a portfolio loan (cross collateralization), if you run into a financial downturn in the future and can't make a couple of payments, sometimes the lender can force the entire portfolio into foreclosure.
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16 May 2024 | 32 replies
While your credit score matters in the real estate investment space, borrowing is more relationship oriented and greater emphasis is placed on the collateral.
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14 May 2024 | 21 replies
If you are asking about the partial release on a blanket loan, those are much trickier because the loan was given to you at a certain loan to value across the whole portfolio so you cannot simply sell on of the properties without posting more collateral because the act of selling one property changes the loan to value.
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11 May 2024 | 4 replies
Some banks will also give loans using assets that you have as collateral.
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10 May 2024 | 7 replies
We’d rather not even put it up as collateral on the construction loan.So far I have a couple ideas how to separate the back yard for sale. * A “voluntary partition” where buyer and seller agree that each one has exclusive rights to a part of the property.
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10 May 2024 | 2 replies
Bancorp, and Bank of America to maintain aggressive reserving strategies.Lenders' Race to Mitigate Risks: The multifamily mortgage market is witnessing a surge in delinquencies, compelling lenders to race against time and actually buy back delinquent loans from their collateralized loan obligations (CLOs).
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10 May 2024 | 6 replies
A nonrecourse loan is a type of loan where the lender's only recourse in the event of default is to take possession of the collateral.
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9 May 2024 | 11 replies
Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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9 May 2024 | 4 replies
Most work this way BTW Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.