
8 June 2024 | 6 replies
I work for/with a very investor focused lender and they support many of our luxury STR and second home coastal purchases for my client's in Oregon & California and they just waived the appraisal for a $800K purchase!

8 June 2024 | 2 replies
This means that many hospitality properties need to refinance their debt at significantly higher rates in an environment where local and regional lenders have been pulling back.In this podcast with CEO Greg Friedman of Peachtree Group, a private debt and hospitality private equity firm, he states that many hotel projects got shelved during the pandemic and that is bringing on an undersupply situation for hotel properties.

10 June 2024 | 5 replies
The airport expansion is one of Middle TNs largest projects at the moment (private and public) and after the project started, planning realized it wasn't big enough.

10 June 2024 | 10 replies
But keep getting push back from Lender, and insurance (mainly lender).

10 June 2024 | 4 replies
I would just check with your lender to verify that the property will be eligible for refinancing after the construction loan.

11 June 2024 | 15 replies
Brokers (versed in these development deals to help you negotiate the right contract terms), Lenders willing to fund a construction and permanent loan, architects & engineers vs in land development to help site plan the project, contractors to price the project to help dial in your UW.

11 June 2024 | 7 replies
This lender wants 75% LTV one quarter, and boom you blink and they want 55% LTV, or their rates jump up all of a sudden.

11 June 2024 | 7 replies
I'm not aware of any lenders requiring 50% down.

10 June 2024 | 8 replies
It is actually illegal to approach someone in foreclosure or is going to be in foreclosure if you are not an attorney, a real estate agent, a lender or a certified housing counselor.

10 June 2024 | 5 replies
Not really, as long as you are up front with a lender, most would just require you to show them the establishment of the LLC/accounts and then could proceed with that.