
8 September 2024 | 9 replies
Gas + convenience store, where the gas sales are mainly a tool to draw customers into the C-store.

7 September 2024 | 11 replies
We just closed and the "builder" received the first draw which they sent to me so it is possible!

6 September 2024 | 5 replies
You will also have more cash on hand to complete rehab projects in fewer draws should it be a rehab loan.When using a higher downpayment you'll be keeping higher equity in the property and can often get a lower rate with lower LTV (particularly with DSCR loans).

5 September 2024 | 4 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

4 September 2024 | 6 replies
What is a reasonable price to hire someone to go on site to measure the home and then draw the plans?

13 September 2024 | 61 replies
(b) these persons that would have been non-productive are now productive (c) people are getting trained and learning employable skills (d) companies are highly incentivized for GROWTH (e) you've effected stimulus in net housing production but with NO added tax revenue draws because it's via an offsetting factor AND arguably a potential net GAIN via expansion of industry leading to mor employment and more income tax revenues.

5 September 2024 | 35 replies
Can you have a r.e. photographer re-shoot the home because pictures are the king pin of someone booking beyond the pricing.

5 September 2024 | 7 replies
The local government had my contractor create some basic drawings of the work, had me pay the permit fee and pay for an inspection.

6 September 2024 | 14 replies
Draw your information straight from the leases on a tenant-by-tenant basis.

4 September 2024 | 39 replies
UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Aven…not on investment properties.Bancorp South, Texas Lines of Credit on free and clear housesBank of Southern CaliforniaBank of West (BNP Paribas) 60% LTV CA, AZBB&T will loan on a rental portfolioBBVA, now PNCBellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrsBMO Harris, 3 HELOCs to 70% LTVBoeing employee credit union Cal Coast Credit Union, CA Citizens Bank -Minnesota, only in-state.