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Results (8,755+)
Brian Gibbons News from CFPB re: Foreclosures and Pre Foreclosures
4 August 2016 | 1 reply
This change will be particularly helpful for borrowers who obtain a permanent loan modification and later suffer an unrelated hardship – such as the loss of a job or the death of a family member – that could otherwise cause them to face foreclosure.
Account Closed Investing in too many different states?
26 December 2018 | 9 replies
But I've owned property in 7 or 8 states and never had to file a tax return in more than 1 state, the state of your primary residence.Now if you want to file as being a resident of say a state with no income tax like FL, TX or4 or 5 others, then you have to be a permanent resident there, live there more than 6 months a year and probably vote there, get a drivers license there, have license plates for your cars there, receive mail there, pay utilities there, etc, etc, etc.
Sam Green Self Storage
20 May 2024 | 121 replies
Hi All,Can anyone shed some light on the permanent financing options for self storage?
Daniel Smith Are mortgage rates for investment loans typically higher?
11 July 2016 | 13 replies
If it wasnt for the ability to fully attach those loans to a person permanently, they would be incredibly more higher.Default rates and loss severity are not the only thing that go into risk premium analysis in interest rate setting, but they are probably the 2 biggest factors.
Blake Winiecki New Investor looking for financing ideas
3 August 2021 | 4 replies
My situation is, I do not have my own permanent residence, as my work pays for my family to stay in an apartment.
Isaac Antoine Buy & Hold hard money Financing Warnings
25 September 2015 | 5 replies
But, the entire premise here is that you will be able to refi as planned and scheduled, which means that the permanent financing player is fully involved from the get-go...And it doesn't stop there, because some times banks change their mind last minute - ask me how I know this :)Not to mention that your costs with HML will be very high, and terms will be quite rigid.
Justin Simpkins New Member Honolulu
5 February 2014 | 12 replies
I never had the pleasure of being permanently stationed in Hawaii.
Giles D. Syndication deals gone sour and the GP is now radio silent! What can I do?
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.
Gianluca Carella Purchase and Sale Agreement
10 July 2019 | 2 replies
If the seller dies before closing, the contract is null and void - but other than that rather extreme and permanent condition, the seller would not be able to just cancel an executed contract.
Ben S. $100,000 unsecured personal loan with SoFi
23 August 2022 | 72 replies
Were you and your husband able to refi into a permanent loan afterward?