How can you add value to your real estate investor clients?
The competition is fierce when it comes to cash buyers that are purchasing properties to fix and flip in California. The most challenging component to the fix and flip model is finding the right property at the right price that has the value-add potential to make a profit.
In order for your investor clients to leverage their projects and have several fix and flip projects in process in California, many investors look for a hard money lender that can close quickly.
So how can you add value to your real estate investment clients when there are many other agents offering their services? The key is separating yourself from the competition. Being able to find the properties is the obviouse factor that can earn their business. This can come in the form of off-market properties or agent relationships when deals are falling out or some inside knowledge that a seller may be extremely motivated based on their circumstances.
How about educating yourself on the finance options that may be available to them to leverage their projects? Here are the popular programs we provide to our investor clients:
FIX & FLIP or rehab loans
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 2.0 – 3.5 points on most 6-18 month loans
- From 9.99% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
CONSTRUCTION LOANS
- Up to 100% Construction Loan amounts
- Loan amount not to exceed 65% of finished value of property
- From 3 points on most 12 month loans
- From 9.99% interest depending on LTV
- Loan is held in Fund Control and released on Draws
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
REFINANCES
- Up to 65% of current fair market value
- 2.0 – 3.5 points on most 6-18 month loans
- From 9.99% interest depending on LTV
- Cash Out Refi Loan will require a Use of Funds letter
- Cash Out needs to be used towards business purposes
COMMERCIAL LOANS
- Up to 65% of current fair market value
- 2.0 – 3.5 points on most 6-18 month loans
- From 9.99% interest depending on LTV
- Cash Out Refinance will require a Use of Funds letter
- Cash Out needs to be used towards business purposes
For More Information About Frequently Asked Questions, Click the Picture Below:
Contact Antonio Gonzales for a quote within 24 hours!
P: (619) 889-8579 E: antonio@lantzmanlending.com
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11696 Sorrento Valley Rd., Ste #201,
San Diego, CA 92121
CalBRE #01522724 / NMLS #296471
