Charlie FarraSenior Managing DirectorNEWMARK How did you finance this deal?

What financing options are out there for us to take financing against one of our properties being non US residents with no credit history?

You should have bought the mobile home park on seller financing from him!

Talking to lenders also can help get your finances in order. 

OR you could sell them with owner financing.

As a mortgage expert, my advice would be to ensure the financing aligns well with your plans and goals.

Most are like this: •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.

Purchase price: $420,000 Cash invested: $90,000 Single family 3 bedroom 1 bathroom How did you finance this deal?

I have a client who has 250 owner finance sfr in TX..

Hi All,  I am planning to move into the seller financing strategy to generate cash flow and am looking for advise.In today's world of Dodd-Frank, what is a good finance term?