Congratulations! You’re approved! Now what? Whether you’re an investor or a business owner, you are now one step closer to reaching your goals – which can be very exciting! However, this is also a crucial time. With the amount of risk your lender is taking on in issuing the loan, there are bound to be…
Continue reading 6 Tips for Closing Your Loan, FAST
Brevard County, FL This client had a very conservative relationship with debt. His whole life, he was taught that debt was “bad” – so when he purchased the 14 properties in his portfolio, he made sure that they were all paid off and cash-flow positive. However, this kept him paper rich and cash poor –…
Continue reading $1,300,000 – Cash-out Refi – SFR Portfolio
To accomplish her goals in the most efficient way possible, we bundled and leveraged her properties into a single 30-year fixed rate cash-out loan.
Kissimmee, FL This business owner originally purchased a business and its building with private/owner financing. After paying off and selling the business, he wanted to obtain a permanent loan to pay off the rest of the building. The building was pretty strong – a retail property with a single tenant, great location on a major…
Continue reading $945,000 – CRE Refi – Retail
Brandon, FL This 20-year practicing dentist thought that he finally found his dream office! The bank was all too happy to bury him in a 5-year senior mortgage, with a 5% per year prepayment penalty – and they promised to fund the necessary renovations to convert the office from a chiropractic office to a dental…
Continue reading $1,846,000 – Conventional Refi – Dental Office
St. Lucie County, FL This investor was post-divorce and needed a liquidity solution, fast… but the cards were stacked against him. Even though he had a full portfolio of SFR’s, the bank still couldn’t consider this loan. The income property was worth far more than the cash flow supported, which made the deal difficult. However,…
Continue reading $1,288,500 Conventional Cash-out Refi, “No Doc”
Stuart, FL Blanket refinance loans are powerful and convenient because it can cover multiple single family residences (aka SFRs) in one loan. This investor had individual mortgages on 8 different SFRs and all of them were coming to term. To add fuel to the fire, not all of the properties were cash-flow positive – creating…
Continue reading $895,300 – Blanket Refinance on 8 SFR’s
West Palm Beach, FL Financing a gas station is tricky: it’s part business, part commercial property. Typically, banks don’t like working with gas stations because of the business risks, hazards and the potential for land contamination. This particular gas station and convenience store was having a difficult time with the bank as its loans were…
Continue reading $1,250,000 CRE Refinance – Gas Station/C-Store
Riviera Beach, FL What happens when you try to do a cash-out refinance of a five-unit apartment, three quads and four duplexes? Usually, the bank scratches their head and says “no”. We did a blanket, cash-out refinance loan on all these properties, consolidating them into one convenient payment. No documents, no proof of cash flow…
Continue reading $984,000 – CRE Cash-Out Blanket Refi – Multiple MF
Banks said no to his commercial refinance due to credit and cash flow constraints.
