Interest rates have dropped - we have received from our lender network a new financing plan for foreign investors at a percentage interest rate…
Interest rates dropped - we received from our lenders a new financing plan for foreign investors at an interest rate of only 4.75 percent No credit score or Social Security is needed:
60% ltv R / t DSCR the rate is at 4.75% costing 1 pt buydown. (assuming 1.15% ratio SFR)
So Origination is 1.25%
buydown 1%
Our success and processing fee 1%
3.25pts total for 4.75%…
To submit an application, fill out the following form:
https://www.nadlancapitalgroup.com/apply/
Because we are limited in resources and due to a load of inquiries, the answer will be given in the order of inquiries.
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Interested in hearing about the terms for cash out refinance
For properties with a minimum of less than 280 (Area 130)
Also for flips?
1. Is this just cash out
80% rate and term & up to 80% Cash out - refinances only
2. What is the minimum loan amount for this program?
Minimum loan amount of $ 280,000. A minimum of 5 assets worth above $ 70,000 must be refinanced simultaneously.
3. How many amortization years?
30 years AM
4. Can this fit a purchase that needs some renovations?
No rehab can be needed. This is a DSCR loan which means it is a refinance for rental assets. No purchases
5. What about fix & flip loans?
We have two separate fix and flip programs. This program does not apply to fix and flips. I will provide fix and flip information.
6. Can this be used for a portfolio loan or only for singles and multi-family?
This program is for single family asset portfolios, only in select states.
7. What if my loan amount is below that minimum?
We have other programs which teh rate is about% 1 higher