The bank has first position on the loan so they will defend against any attorney trying to take the property away in a lawsuit. 

Commercial Portfolio Loan How did you add value to the deal?

They are responding to facebook linkdin and bP PMs where the adds are simply to good to be true  so they get sucked into thinking there are actually loans at 5% for hml  or that NO down payment is necessary or that NO credit is necessary etc etc.. while it could happen for very experienced repeat borrowers  everything but the interest rate that is. 

😬😬😬So anyway, he told me that he recently brokered a loan with no income verification (This was not a VA loan, backed by the government).

As many investors know, lenders typically require more down payment 15-25% and to utilize Debt Service Coverage Ratio or DSCR loans would not allow vacation rental projections or income to be utilized for qualifying purposes.

So my first property back in 2001 was made possible with a $78k loan from my parent's LOC. 

Additionally, we have very unique financing options available to investors through various lenders such as an investment portfolio loans where someone can buy multiple investment properties with as little as 5% down, a 2.99% seller financed loan, new construction loans, etc.

it's going to be very difficult to cash flow with interest rates where they are, especially if you would be taking out a DSCR loan.

The loan was a normal 20% down mortgage.

Paid cash and would like to refinance this deal using a DSCR loan and continue doing this.