Top 2 Builder – Investor Real Estate Loan Solutions for 2021
Dan Cassel
Reliable Real Estate and Asset Based Loan Source. Solid Investment Loan options. Nationwide. Fast Track, Reliable Cash Loan Solutions for Self Employed Borrowers and Investors that many local Banks just do not offer..
Builder – Investor Real Estate Loan Solutions
Since 2009, Dan Cassel and the Trinity Mortgage Broker team, located in San Diego CA have been committed to helping Investors, Families, and Builders to achieve their Real Estate Dreams, as we navigate the often confusing world of Builder-Investor Real Estate Loans. We help leverage Borrower Real Estate Equity and Investment Loan needs, with good communication, solid technology, expertise, and “Common Sense” to deliver several specific, quick, reliable, Builder Loan Solutions.
Our Top 2 requested Builder – Investor Loan products in 2020:
#1 “Ground Up” Construction Loans in California.
Our Institutional Banks or Mortgage Funds Aggressively lend up 3 Million.
We have long term networks that may help and most loans are typically up to the lesser of 70% of Loan to Value or 85 % Loan to Construction/LTC of the Construction Budget, depending on the Borrowers experience and desired cost of money sought. There are all sorts of methods for determining the down but ultimately it seems a good number to build is 30% equity or more for early 2021. We are glad to review Scenarios here. And generally expect “Higher” loan contingency and interest reserves in 2021. Banks look more into Current Cash Liquidity. The lender generally wants to know that if your project is delayed for any reason, that there are adequate Borrower/Entity reserves.
Most loans go up to 70% of Loan to Value, and typically offer 85% of loan to construction/LTC and depending on the desired cost of money sought. There are all sorts of methods for determining the down but ultimately it seems a good number to build is 30% equity or more for early 2021. And generally some loan contingency and interest reserves are common of course. The lender generally wants to know that if your project is delayed for any reason, that there are adequate Borrower/Entity reserves.
RE: Land-Often in CA we start and buy out a existing land Private Money Land loan and set up the “ground up” construction loan. We generally place loans on “Ready to build” Multifamily and Residential homes, generally up to 20 units in California.
Please note: We are a cost effective Loan Broker and are often able to close these loans in 60 days or less thru once we have all the documentation/Plans/Permits and the LOI. We offer Solutions!!
#2 Our Investment Homes Loans with Cash Out – California OR Nationwide!
We give our Investors Rental Loan Solutions and the opportunity to leverage Investment properties outside of California. No issue cash out! Rental Loans throughout the United states are in strong demand. We are very active in this area and have seen markets rebound.
Our Residential Investment Rental Loan Products are still from mostly “Institutional” or “Mortgage Banking” Money this month. Dan Cassel and the Trinity Mortgage Broker Team in San Diego have provided our Borrowers a reliable source for Investment Home Financing since 2009, with quite a few Aggressive Loan Solutions for Salaried and Self Employed Borrowers as well. Many of our products are not typically offered at the “Local Full Service Banks”, including our Cash Out Loan Programs and Debt Service Coverage (DSCR) Loan Programs for “Lite Doc” Real Estate Investments.
Who are our Rental Loans in California for?
Our products are generally designed more for the savvy, “solid”, experienced investors or developing investors who are busy capitalizing on the rapidly growing Rental Markets in California and seeking real time loan solutions in a Volatile Lending environment. Investors need experienced “Value Add” Mortgage Experts, their Lending team and Network of resources to help tee up many Investment loans today. Banks look deep into recent and future earnings of all Borrowers, so good Documentation, Liquidity and detailed Loan team work need to occur. They do not like the FB situation affecting some Rentals. Markets have changed for certain. We are glad to review your loan requests, view states and zip-codes!
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3 年Insightful. Thanks Dan Cassel