Jill Million on LinkedIn: $1 Million Cash In Hand DSCR on a Non-Warrantable Condo. We do all kinds… (2024)

Is it time to expand your personal #Dominion? Here is a recent $857K cash-out refinance in Georgia of a 8-property DSCR portfolio loan.You might be a good candidate for a cash-out DSCR portfolio loan if:✔ You own several properties of a similar property type✔ In a similar geographic area✔ You intend on holding your rentals for a long period of time✔ Property is positively cash-flowing✔ 680+ credit score (middle score of the three bureaus)✔ You're an investor who knows how to maneuver current interest rates (rates are improving!)Dominion offers a price beat guarantee on DSCR (rental) loans.Message me if you're ready to see for what you might qualify. #Dominion #privatelending #DSCR #hardmoney #fixflip #cashflow #ARV #realestate #realestateinvesting #rei

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Maximize Cash Out with Non-QM Closed End SecondsMaximize your clients’ equity borrowing power! A primary concern for borrowers is fear of losing their existing interest rate on their Non-QM loan in order to access their equity. A Closed End Second is a viable solution as it doesn’t interfere with their original mortgage terms. Plus, it gives clients the ability to borrow a lump sum all at once.Clients can Access Equity with our Non-QM CES Cash Out Refi:90% CLTV Full Doc85% CLTV Bank Statements80% CLTV Investment Properties75% CLTV DSCRAlso available on Purchase, Rate/Term Refinance & Cash OutOwner Occ, 2nd Home, Condos, 2-4 Unit & InvestmentITIN, One Year Self Employed, 1099, DSCR & more660 Minimum FICOConcurrent close on purchases availableMax Loan amount to $500,000, Min loan amount $100,000

Very important update to the SBA standard operating procedure. Unfortunately, some of the changes made are taking the SBA product back a bit more conservative. See Alejandro Buitrago post.You have questions? We have answers!Let’s chat!#ILendMiami #MiamiEntrepreneur #SBARocks

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Dispelling a common DSCR loan myth: Seasoning.Most investors and brokers think you need to have owned a property for 6 months before you can refinance it - not true!Different lenders have different requirements—some need 3 months, others 6, and some none at all. 📊What DSCR myths have you come across? 🤔#GoodInvestments #InvestmentRealEstateLoanBroker #InvestmentRealEstate #DSCR #HardMoneyLoans #Fix&Flip #FlippingRealEstate #CommercialLoanBroker #HardMoney #IanTuckerCoaching #LoanBrokerAcademyDispelling #DSCRMyths #DSCR

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Maximizing Profit with SBA Credit Bench: Florida's Built to Rent CommunitiesLearn how to utilize the SBA hybrid product of Credit Bench to maximize profit in Florida's built to rent communities. Discover the details of our 1600 sq.ft., 3-bed, 2-bath widgets valued at $450k and rented at $3k/month. With expenses at $2200/month, see how we achieve $800/month positive cash flow after a cash-out refinance and non-taxable $70k from the bank. #SBAHybridProduct #CreditBench #BuiltToRentCommunities #RealEstateInvestment #PositiveCashFlow #FloridaProperties #RentalIncome #MaximizeProfit #CashOutRefinance #FinancialStrategy

Balloon loans present a great opportunity to look into SBA financing when the time comes to refinance. October 2023 25-year rates are fixed at 7.221%; with as little as 10% equity injection, why not give SBA financing a shot. If you know of anyone having a balloon coming up, I would love to take a look and assist. #dfw #balloonloan #realestate #sba #refinance

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🏡🌊Many investors may not know about our blanket portfolio DSCR financing, which allows up to 25 properties under one loan! Highlights include up to 80% LTV for purchase loans and 75% for refinances. 👉 Reach out if you have any questions👈#Coast2CoastMortgage #RealEstateInvesting #CreativeFinancing #dscrblanketportfolioloans

🏡 There's a reason why so many of your neighbors trust me with their purchases and refinances over other lenders — my small business only thrives if our shared community does, too! 🌟 Reach out to learn more about how my approach puts our community and our people first! 🤝📈 #CommunityFirst #LocalLender #localMortgageBroker #TrustedPartner #justinwagerthemortgageman #SanAntonio #satx

🚨 SBA RULE UPDATE... This time.. Not a good one 😞 Yesterday, SBA issued SBA Procedural Notice 5000-851789 to "correct and revert" some of the recent changes to the refinance program.👍 The Good News:Some of the changes remained👎 The Really Bad News:The most exciting ones have been "reverted"Bottom line:◾ The 20% Cap on Cash-Out is Back - with an all-in LTV of 85% What does this mean? We can only Cash-Out 20% of the Appraised Value, to a max LTV of 85%.So if a borrower is currently at 40% LTV, we can only take them up to 60% LTV due to the 20% Cap.Major Bummer as we were already working with small business owners that were looking to benefit from the positive change 🤦♂️ I got a bunch of people excited about this change.For that, I need to apologize and ask you to forget everything I said.Now that I think of it, please look into this light 😎 #SBA504 #Refinance #RuleUpdate #ForgetWhatISaid

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We've got a need for speed! CNBC Select has released their Best HELOC Lenders of July 2024, naming CMG Home Loans as the Best HELOC Lender for speedy closings. While other lenders require an average of three to six weeks to close, CMG's HELOC program can give borrowers access to funds in as little as 5 days. To learn more about CMG's HELOC program, click here:https://lnkd.in/dADRTy_B#CMGLeads #CMGHomeLoans