Is it possible to obtain a MultiFamily new construction loan, in excess of Five Million dollars or more with the following criteria:
- low fixed interest rate
- 90% Loan to value
- 40 year self amoritizing ( no balloon )
- and non-recourse?
If this type of product is available please tell me the steps I must take for introduction.
Yes Chauncey! I call these "High Leverage Financing programs". Securing high leverage financing is probably one of the "best kept secrets" and least used programs.
Aside from Net Lease Financing, high leverage financing programs and systems can be found in our training center.
Not only are the term and conditions possible, they are very probable and easy to secure. These loans are also "fully assumable".
Great Question Chauncey! What an informative answer Durante'! Can you please add how an individual/Principal qualifies for this type of "High Leverage Financing"?
What is the general rule when there is a retail component included in multifamily units? What square foot percentage should look for? In your opinion are there many lenders willing to do in excess of 25%?
My biggest thing about the commercial financing secrets you offer is really really picking that niche and really getting focused and going after what you spoke so much about. DURANTE ALSO doing the research learning a market and staying in it. i have learned that when you asked borrwers for proof of funds you never hear from them again that is something you must do in this business before anything qualify them .
I had to really step back and take a look at what you was really drilling in my head at one time yes i was far out there. MY QUESTION is finding that niche and driving that spear right into until i get what i'm looking for?.
I really like dealing with apartments , but i really want to go deeper than that what i mean getting involve with the nuts and bolts and bring it all together.
So how did you really get into doing apartments and learning the in's and outs. ?
What was your drive to get them done and get them done fast? VERY nice upgrade websites. Iwant to focus on one thing not everything .
You have often stated that the real estate can qualify for the loan. If this is true, why would the borrower still need to have %10 down to obtain the loan? Did I miss something in the statement of the real estate qualifying for the loan?
Comments on What Is Your Commercial Financing Question? »
Chauncey White @ 10:21 am
Is it possible to obtain a MultiFamily new construction loan, in excess of Five Million dollars or more with the following criteria:
- low fixed interest rate
- 90% Loan to value
- 40 year self amoritizing ( no balloon )
- and non-recourse?
If this type of product is available please tell me the steps I must take for introduction.
Thank you
admin @ 3:00 pm
Yes Chauncey! I call these "High Leverage Financing programs". Securing high leverage financing is probably one of the "best kept secrets" and least used programs.
Aside from Net Lease Financing, high leverage financing programs and systems can be found in our training center.
Not only are the term and conditions possible, they are very probable and easy to secure. These loans are also "fully assumable".
Thanks for the question.
Durante
Nukoyia @ 4:21 am
Great Question Chauncey! What an informative answer Durante'! Can you please add how an individual/Principal qualifies for this type of "High Leverage Financing"?
Donna @ 4:22 pm
What is the general rule when there is a retail component included in multifamily units? What square foot percentage should look for? In your opinion are there many lenders willing to do in excess of 25%?
Kevin O'Berry @ 11:03 pm
With property values continuing to decline here in Michigan, what markets present the greatest opportunity for commercial financing here?
Thanks-
Kevin
Jerome Wilkerson @ 1:06 am
Durante,
Will you be giving webinars or providing video concerning creating content for e-mail campaigns to attract traffic to our websites?
oneal hodges @ 8:56 pm
My biggest thing about the commercial financing secrets you offer is really really picking that niche and really getting focused and going after what you spoke so much about. DURANTE ALSO doing the research learning a market and staying in it. i have learned that when you asked borrwers for proof of funds you never hear from them again that is something you must do in this business before anything qualify them .
I had to really step back and take a look at what you was really drilling in my head at one time yes i was far out there. MY QUESTION is finding that niche and driving that spear right into until i get what i'm looking for?.
I really like dealing with apartments , but i really want to go deeper than that what i mean getting involve with the nuts and bolts and bring it all together.
So how did you really get into doing apartments and learning the in's and outs. ?
What was your drive to get them done and get them done fast? VERY nice upgrade websites. Iwant to focus on one thing not everything .
Anthony Welch @ 6:44 pm
What is the best approach for locating and incorporating private banks in my commercial funding arsenal?
Andrea @ 10:44 pm
You have often stated that the real estate can qualify for the loan. If this is true, why would the borrower still need to have %10 down to obtain the loan? Did I miss something in the statement of the real estate qualifying for the loan?
Brian @ 9:17 pm
Is it possible to obtain in excess of 100% financing for NNN properties?
what type of properties qualify?
How can they be found for our own portfolio?
All the Best
Brian
Durante @ 10:07 pm
For openers, inividuals don't have to qualify for the loans. The property or project does all the qualifying.
Donna @ 1:32 am
I like the webinar video training sessions, however they stop midway. Is there something I'm not doing?
Lloyd Clarke @ 12:39 am
On the MAP loan where do the marketing and furniture cost come into play?. Is these cost financable?.