Post COVID-19 Personal/Investment Asset Based Financing

Since the secondary market imploded due to investor appetites drying up the landscape of lending has changed in a very short period of time since March 2020. Longer term investment property financing has cooled off for investors and available with less competitive terms as well as over conditioned for borrowers. Bridge loans have increased in rates lower LTV's much more limited LTV's for cash-out with increased point charges to borrowers. What has this done to the lending industry? Well, in the interim had caused a slow down briefly however it appears investors have quickly adjusted to current events and responding since sellers market nearly overnight flipped to buyers market. Properties further out of town, mixed use, construction, land or over 10 units seems to have more stringent lending underwriting guidelines at the moment. Borrowers who are self-employed with a minimum of 30% down payment higher FICO's with solid liquidity and assets are currently able to get good rates/terms on properties 1-4 units for longer term use as personal/investments up to 2 million financing as stated income no debt to income ratio calculation despite current events.