Loan REFI and the lender says no qual.
60% Max LTV on Cash Out Refi or 70% on Purchase FICO Min 720 6 months title seasoning required on Refi Max 50% LTV if financed property exceeds 6 loans on investment properties Term can be 15 yr. fixed or 7/1 ARM, 30 yr Amort 7/1 ARM Base Rate 4.875% Interest Only Option add .25% Add .25% Loans $1m to $1.5 Add .25% 2-4 Units Add .25% Investment Loan Add .25% FICO 700-719 Add .375% FICO 660-699 NO Prepay Penalty 2% Points on Origination
*Business purpose loans with CPA letter verifying 2 year history of business and sign P&L from CPA. No tax returns, No W-2’s
FIX & FLIP Loans:
Purchase ONLY NO REFI’s
Investor 1-4 Units FICO over 700 8.5% 75% LTV FICO 650-699 8.75% 75% LTV FICO <650 9.75% 70 LTV 12 mos I/O Term $75k-$2m loan amounts Prepay: 4 mos min Interest 3-4% Points + $999 underwriting Fees
Hope this helps you close more deals! I should have a new FIX & FLIP program Mid May with lower rates and points but LTV 65%. Upto 75% LTV case by case…
Below is a photo of new row houses -10 on Columbia in Little Italy San Diego. We advocate live-work projects and densities and development that make sense: walkable, food and lifestyle options too. What was once parking lots and gas stations, and vacant lots along the rail road tracks has been transformed into a vibrant neighborhood. The same is happening in the Village of Carlsbad.
131 Main Street across the street Available for your storefront business. 2200 square feet of retail space on Main Street. This project with the new city built public parking lot will anchor the downtown district and add to the already changing demographics of young hip families that have been moving to Vista.
A reiteration of one of my first posts on this blog (August 2016) where I told stories of easy commission money; even at 1% and even back when San Diego coastal homes sold in the $200s. And feeling sorry for the agents in markets where homes sold for $40,000.
We strive for win-win, everything upfront and negotiated , and our contracts protected with contingencies, overseeing escrow and communicating with all parties. Knowledge, experience, competence. Real Estate Trifecta +.
Doing the math. On the large parcels selling for land value, dirt priced like precious metals in the millions; 1% is Good Value. Properties can now be priced per/square foot with recent sale comps and with defined Density Districts of either 35, 30, 23, 15 units per acre allowed in the new Carlsbad Village general plan.
Late 1980s I went to Western Samoa to document the restoration of Vaillima, the home of Robert Lewis Stevenson. Tusitala was his native name meaning the Teller of Tales. He resided in Western Samoa the last five years of his life built his home there at Vailima, above the Capital Apia, and is buried on top of Mount Vaea,
I met the restoration team there inspecting the needs for historic restoration. For a moment in time Vaillma was a ghost of forgotten memories. Such a remote place for a pilgrimage. My highlight was a run to the top of the mountain to the concrete tomb high in a south pacific jungle hidden away for only the seekers willing to endure the muddy ans sometime impossible accent, a path that makes all visitors to the summit taj, devotees.
We are the experts of all happenings in the Village. Join us at Carlsbad city chambers when the V-R Village Zoning gets approved.
post soon on the San Diego 1000 cranes
This will play out soon enough watching to analyze how immigration and border politics will affect real estate investments and capital flow into the US especially in the markets driven mostly by overseas money. Watch San Francisco and Bay Area.
Empires usually fall hard made by their own greed of supremacy. As the global shift in power takes place, the US is upping it and being a bully in So China Sea and against Russia. These are continued Neocon policies the past two presidents. Obama leaves the most violent president...maybe ever with 7 wars and a few unconstitutional bombing like Somalia. No protests except from a from small handful of faithful. Has an empire ever decided to close shop and retreat? To turn about face and change the rules of the game....
Ending the destruction of other countries is a good thing ! 15 or 20 Trillion spent on destroying false enemies.
There was a choice is 2008 to spend it on infrastructure and the middle class via Main Street...or to bail out the banks and then feed Wall Street's gambling addiction that serves the few.
Pride in the sagacious blend of truth and cleverness and apperceptive as a sage here to learn. Building, creating, helping and Malama. Pono, Mana, Ohana, Aloha Aina.