I'm looking to do a knock down a property I own and buy next door to building a 24 unit apartment building in Brooklyn. Will commercial lender allow me to use the equity from the 2 buildings towards my down payment. I...
Currently looking at closing on a new home in november/december and do not anticipate selling ours for a month or two after we move. Playing with some DTI calculators I’ll be hovering around 50%. My plan was to recast...
Hello, I am located in Washington state. I have a property under contract that is accessed by a private railroad overpass crossing. I am in the process of obtaining a permit for residential/farm crossing and am waitin...
I own a 6-unit building free and clear. I bought and did a gut rehab about 10 years ago. I want to take cash out to make minor repairs and consolidate debt in advance of selling the property before end of year. Would ...
Hey folks, my parents and i just bought a commercial building and plan on making it into a restaurant. I was wondering what options we had to get a loan of approx 300k to fix up the property. The building is in our LL...
Has anyone ever used a bridge loan to help with a downpayment/to cover the entire down payment on a rental property? What are some pros and cons of the different types of lenders that offer this? Would you do it again...
Does a buyer working through an LLC affect how hard it is to get a hard money loan or to refi after the property is bought?
As a mortgage banker, I often get asked about the Freddie Mac Small Balance Loan Program for Multifamily Properties. Its a great program so here is an overview for people that are interested in learning more.Freddie ...
I am scheduled to close on a mixed-use property in Wichita Falls, Texas on April 26th and I've been pre-approved for a conventional loan but they have not been able to find an appraiser to pick up their appraisal orde...
Going to look at a house with a bridge plank foundation that has started to cave. Are these even legal. Maybe grandfathered. Any ideas on how to proceed.