Do you know any investors/ builders who have a ton of single family homes they have rented out but cannot obtain additional holdings due to fico/fnma restrictions?

How about a condo developer who had to resort to renting out the balance of his project?

A new loan program that I offer will provide a perfect solution! 

The progam is for investors of multiple residential properties (5 or more) where the total loan size is between $500,000 and $5,000,000.  WE CAN DO FRACTURED CONDO'S ON THIS AS WELL!  This allows the seasoned investor who owns 10 rental properties to put all the properties into one loan, which will free him up to start buying more residential properties again since all the existing loans in his name get paid off!  Better yet, we would close it in an LLC - which gives the investor added protection and less personal liability.  

Now here are the parameters: the investment properties MUST cash flow at 1.2 times.  LTV's are 75%.  Cash out is available but again, they must cash flow.  Releases will be granted after the 3rd year.  Credit score is not critical like stated but the credit can't be bad.  Tax Returns don't need to show income because qualifying is totally based on property cash flow.  

Rates on this product are SWEET - 7.125% fixed

Contact me at 816-875-3670 to discuss your deal today!

Douglas Dowell, JD.

 

1 Comments on Too many individual loans holiding you back?

MAR
19
2008
164,705 Points Outside Blog
Too bad they don't offer this type of thing in Canada - or at least not that I know of.  This is the biggest problem with investing is hitting the lending wall. 
6:45pm • #1

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Douglas W. Dowell, JD

Lees Summit, MO

More about me…

Eagles Flight Commercial Capital, Inc.

Office Phone: (816) 875-3670

Cell Phone: (816) 337-2570

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