Wednesday, January 16, 2008
The new website is up!
Go take a look over at Alternative Commercial Lending. Programs, tips, and a profile to how we can help make your business more profitable.
Wednesday, January 2, 2008
New Products!
Just when I thought the blog was shutting down while the new webpage gets put together, two awesome new products that deserve some attention:
1) 90% stated income for purchase: While this does need high credit scores to qualify, there are a lot of people whose returns don't necessarily show a profit. Traditionally, stated income products for these folks have been capped at 75 or sometimes 80% loan-to-value. Coming in at 90% is a game changer for those who are looking to buy an office building or retail space.
2) 85% LTV acquisition-rehab: when it comes to buying multi-family investment property, there are usually going to be some property rehabilitation needs. These loans combine the rehab financing along with the purchase, at an oustanding loan-to-value ration. Additionally these loans are amortized over 35 years!
1) 90% stated income for purchase: While this does need high credit scores to qualify, there are a lot of people whose returns don't necessarily show a profit. Traditionally, stated income products for these folks have been capped at 75 or sometimes 80% loan-to-value. Coming in at 90% is a game changer for those who are looking to buy an office building or retail space.
2) 85% LTV acquisition-rehab: when it comes to buying multi-family investment property, there are usually going to be some property rehabilitation needs. These loans combine the rehab financing along with the purchase, at an oustanding loan-to-value ration. Additionally these loans are amortized over 35 years!
Tuesday, January 1, 2008
Happy New Year
My very best wishes to everyone for a happy and prosperous 2008. This blog will be "going dark" for a bit while I work on the new website for this brokerage. In the meantime, you can always reach me at 800-956-3915.
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