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What makes for a successful recovery for lenders faced with part built developments? Lee and Gordon have some excellent insights for things to consider.
Today we are going to talk about the process with HOA Capital. With HOA Capital, you can expect to go through four steps in order to acquire a loan for your Association. The first step is a consulting and strategy session where we will learn more about the project at hand, then we will collect proposals from the lenders in our network and put together materials for the board to review, at that point we are in the second step. Once the board has chosen a lender to move forward with, we move to step three. In the third step we are collecting all needed information for the underwriting process, once the Association has received approval for said loan, we can move to the last step. Step four is completing the closing conditions in order for the loan to close! Contact us to start with the free consultation today!
#homeownersassociation#HOA#HOAmanagement#homeassociations#propertymanagement#residential#homeowner#communityliving#condos#townhome#hoalife#hoaboard#boardmember#capitalimprovement#hoaloan#consultingservices
More signs of distress in CRE CLOs and CMBS, this time in multifamily properties. As I've mentioned, there are litigation opportunities trustees, special servicers, and investors should be mindful of when loans default.
Once upon a time, there was a real estate investor named Max who found himself in a bit of a bind. He had stumbled upon a golden opportunity to purchase a property at a bargain price, but his funds were tied up in another project.
Feeling stuck, Max discovered the magic of hard money bridge loans. With these loans, he could quickly bridge the gap between his current project and the lucrative new opportunity without missing a beat.
Excited but cautious, Max approached a hard money lender who specialized in bridge loans. To his delight, the lender made the process incredibly easy. There were no lengthy approval waits or piles of paperwork to navigate – just a straightforward application and a swift approval process.
With the bridge loan in hand, Max seized the opportunity and closed the deal on the new property. As he watched the value of his investment soar, he couldn't help but marvel at how easy it had been to make it all happen.
Thanks to hard money made easy with bridge loans, Max's real estate portfolio flourished, and he continued to seize one opportunity after another, knowing that whenever he needed it, a bridge loan was there to make his dreams a reality. #HardMoney#RealEstateInvesting#BridgeLoans#PrivateLending#FixAndFlip#PropertyInvestment#RealEstateFinance#HardMoneyLender#HouseFlipping#InvestmentProperty#RealEstateDeals#CashFlowInvesting#AlternativeFinance#QuickFunding#RealEstateOpportunityhttps://lnkd.in/grBnUSgi
Done Deal✅
We recently completed a £1.1 million re-bridge on a stunning, Grade II Listed Public House in Cheshire.
The building consists of a commercial unit to the lower floor with 6 beautifully refurbished letting rooms to the upper floors - generating over £150,000 of annual income!
The borrower, who developed the site, is now considering stabilising the asset for long-term hold or potential sale. With interest rates gradually improving, a 12-month loan offers flexibility and options.
To make the process smoother for the developer, we managed to find a lender that would work with the surveyor that had acted for a previous lender on the same asset to reduce valuation risk and create more certainty.
As a result, we successfully secured the loan in just 4 weeks!🙌
#BridgingFinance#CommercialProperty#PropertyFinance#RealEstateFinance#InvestmentProperty#PropertyDevelopment
How your loans are structured is more important than any single feature – yes, even the interest rate.
Any broker can source the 'cheapest' loan, but it takes real expertise to structure your loan, or loans, in a way that supports your overarching strategy.
- Do you want to buy an investment property down the track?
- Are there businesses or family trusts to consider?
- Is it more important to maximise cash flow, or pay down the loan ASAP?
Get in touch if you'd like to understand what we can help you achieve.
#GetFinancial#Warrandyte#Doncaster#Donvale#Templestowe#Parkorchards#Ringwood#MortgageBrokerAustralia#MortgageBrokerMelbourne#GetFinancial#MelbourneProperty#MelbourneHomes
Exciting news! We just closed on a 8 unit construction project in South LA. Our team was able to turn an REO from Anchor Loans into a successful deal for our buyer.We are proud to represent our client in this transaction and can't wait to see the amazing potential of this property come to life. 🏗️Stay tuned for more updates on our latest projects and success stories. Interested in investing in real estate? Contact us today and let us help you achieve your goals. 💰 #GlobalPlatinumProperties#RealEstateInvesting#SuccessStory
Wondering what the loan process is like? It depends.
Let's assume you're doing it solo and not engaging the services of an experience broker. The process will likely be quite convoluted, stressful and time consuming.
With a broker in your corner? It becomes a very different story.
We take care of the heavy lifting and will walk you through every step. Plus, we'll be comparing dozens and dozens of options, so you can be confident you'll end up with a loan that works in your best interests.
Get in touch to get started.
Find out more: https://bit.ly/44Kr10q#goodwillfinance#melbourne#melbourneproperty#australianhomes#supportsmallbusiness#australianproperty#homeloanexpert
What Questions Will Bond Underwriters Ask of an Affordable Housing Developer?
Tune into the latest episode of "Affordable Housing & Real Estate Investing" as we bring on guest co-host Jen Aintablian (@humanitarian.investor) to ask @alvinhopejohnson on IG re: housing bonds on behalf of our Affordable Housing Community!
We covered:
‣ The questions underwriters will ask to challenge your assumptions in your projected financials!
‣ The key metrics they scrutinize, from rent growth to bad debt
‣ How to avoid red flags that could kill your deal
‣ Plus, we reveal the surprising details they dig into, like your contractor's track record and property manager's credentials!
Watch now to CONFIDENTLY prepare for the underwriter's tough questions and increase your chances of your project's success!
DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.
All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions.
#RealEstateInvestment#UnderwritingProcess#ProjectFunding#AffordableHousing#HousingBonds