|
Tip of the Day......
1)
How much loan can you be qualified for ?
Example : Net Operating Income ( Before Interest and Depreciation Expsene ) is equals to $ 150,000. Then devide this by 1.20 ( Debt to Service Ratio ) which equals to $125,000 then devide this by .06 ( 6% rate ) which equals to $ 2,083,333 ( Loan amount ). Class Dismissed......
2) What price is a fair price ?
NOI / Cap Rate = Value.
Example : NOI = $ 450,000 / year. It depends on the area but anything over 8% Cap rate is a good buy ( If you are a buyer ). In this case, $ 450,000/.08 ) = $5,625,000 ( Purchase price ). If you are a seller, cap rate below 7% is a good sell.
Loan Amount $150,000 - $100,000,000
- Up to 90% LTV / LTC
- Full Doc. or No Income Tax Papers
- 2, 3, 7 & 30 & 40 yr Fixed
- No Prepayment Penalty
- Non-recourse
- Fully Aussumable
- Fully amortized for 15, 20 ,30 & 40. yrs (with or with out balloons)
- Discretionary income may be used to meet DSCR requirements
- Debt service requirement 1.17
- 640+ credit score
- Purchase, Refinance, Cash Out & Construction.
- Prime plus 1% - 1.5% Rate.
- Closing 30 - 60 days.
APPLY-ONLINE
1-888-215-1248
George Tesfa,Manager.
|
PROPERTY CHECK LIST.
Multi Family - HUD insured multi-family and Senior Homes project loans by using FHA programs up to $ 50 Million.
- 223(a)(7) -- Refinance of an Existing FHA Insured Multifamily or Healthcare Mortgage - 85%LTV, 35 yr. Fixed.
- 221(d)(4) -- Multifamily/Apartment New Construction or Rehabilitation Program. 90% LTC, 40 yr. Fixed.
- 223(f) -- Multifamily Rental Housing Acquisition or Refinance Program. 85% LTV, 40. yr. Fixed
- 232 -- Senior Housing / Healthcare New Construction Program. 90% LTC, 40 yr. Fixed.
- 232/223(f) -- Healthcare Acquisition or Refinance Program. 85% LTV, 35yr. Fixed
- 202/223(f) -- Refinance of Elderly Housing Program. 85% LTV, 40 yr. Fixed
- 242 -- Hospital Facility Loan Program. 90% LTC , 25 yr. Fixed.
Conventional ( Non Hud Insured Loans )
Apartment ( Multi Unit ) - up to 90% LTV.
Owner Occupied - Up to 90% LTV.
Hotel - Purchase/Refi./ Const. up to 90%
Office Building - Purchase/Refi./ Const. to 80%
Retail - Purchase/Refi./ Const. to 80%
Industrial - Purchase/Refi./ Const. to 80%
Private Equity Capital Loans( R/E or Business)
Merger, Acquistion, ReCapitalization to $ 500M.
Private or State Projects - Loans to $ 500M.
All types of Projects - $ 5M to $ 500M.
Other types of Loans that we do besides Residential Mortgage:( Nationwide and Fast). As an alternate to traditional way of lending, we can provide rapid asset and non asset based funding fast. Local Banks are not lending. Let us do the search and consulting for you with our over 100 loan programs and thousands of buisness partners ( Lenders ).
a) New or Operating Business Loans $ 100K - $ 10 Million. SBA Loans, Accounts Receivable Financing,Working Capital Loan,Line of Credit from $50K - 100K, Retail/Merchant Cash Advance, New Franchise Loan,Factoring Invoice,Hard Money Loan,Unsecured Business Loan over $50K, etc. All kinds of Business Loans. Just Tell us what you need.
b) New of Used Equipment Leasing. Loans. $ 100K - $ 10 Million. Office Equipment, Restaurant, Quicklease < $100K,Healthcare/Medical,Aircraft Equipment,Transportation,Printing,Other types of Leasing. All Kinds of Equipment Leasing Loan. Just Tell Us What you need.
c) Real Estate Commercial Mortgage Loans $ $ 250K - $ 100 Million. New or Rehap. Apartment Loans, Residential and Commercial Development Loan, Health Care and Medical Loans, Brand and Non Brand Hotel / Motel Loan, Industrial Building, Anchored or Non Anchored Retail center loan, Office Building loan and other commercial loan like Gulf Courses and Mixed Used Developments ( Residential and Commercial Mixed ).
Call George Tesfa, Loan Officer/ Manager @ 832-607-1113 Cell.
|
