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$2M Super Jumbo Luxury Loan
$2M Super Jumbo Luxury Loan
#successstory #superjumboloan #purchaseloan #newconstruction #luxurycondo #nonuscitizen #notaxreturns #video Our client was under contract to purchase a new construction condominium in Hollywood, Florida for $2.63 million. The deal had two major challenges. First, the condominium was one of ten units in a newly constructed project. At the time, only one other unit had sold. This was a major roadblock, as most lenders require that a certain percentage of the units be sold already, usually at least 50%. Because we were dealing with a non-warrantable condo with such a low percentage of the units being sold, we had to obtain an exception from the lender. After submitting a full file along with two appraisals, we were able to get the lender to grant the exception. Second, the borrower himself showed income in a non-traditional way. As a non-U.S. citizen from Argentina, he derived his income from 3 continents and was not showing income via U.S. tax returns or paystubs. However, we were able to qualify him based on letters of employment from his employers, attesting to his current and past two years of employment. We overcame those hurdles and obtained for our client an 80% loan-to-value purchase loan with a loan amount of $2.02 million and a 30-year fixed interest rate in the 4's. These are quite impressive terms given the challenges listed above. Are you a non-U.S.-citizen looking to purchase or refinance a condominium? We can help. Contact us today to discuss our loan programs for non-U.S citizens. #mortgagebroker #brokersarebetter #florida
Construction Loans for Investment Properties
Construction Loans for Investment Properties
Looking to build an investment property? Whether you’re a first-time builder or a seasoned investor, we have construction loan programs for you. Each project is unique and requires a customized loan solution. We offer flexible construction loans to finance the land acquisition and vertical construction as needed. Starting from the ground up, do you have the permits yet? If not, we have bridge loans to get you through the planning and permitting phase. If you already have a permit-ready lot, what would you like to build? We offer construction loans for nearly all types of non-owner-occupied properties, including single-family residences or spec homes, 2-4 units, townhomes, low-rise condos, small to midsize apartment buildings, and even mixed-use properties. Looking to build multiple properties at once? We also offer builder lines of credit for experienced large volume developers. For all our new construction loan programs, your level of experience will determine your interest rate, loan-to-value, and loan-to-cost. Contact us today to learn more about financing your ground-up construction project.
Home Construction Loans
Home Construction Loans
Looking to build your dream home? We have construction loan programs for you. Whether you’re hiring a builder or you plan to do it yourself, there are 2 types of construction loans -- a construction-to-permanent loan and a stand-alone construction loan. Just like the name implies, a construction-to-permanent loan consists of two loans rolled into one -- construction and permanent. After the short-term construction loan ends and the home is completed (usually 1 year), your loan automatically converts to a permanent mortgage (usually 15 or 30 years). You might be able to lock in a maximum interest rate for the life of the loan, and you only have to pay closing costs once. The second loan type is a stand-alone construction loan. This might be the better option if you can only make a smaller down payment. This type of loan (usually one year) must be paid off when the home is completed, at which point you’ll have to take out another mortgage called the “end loan.” ******** Get the rest from the shorter video: For either loan type, the lender will pay the builder in installments known as “draws” as each construction phase is completed. Contact us today to learn more about home construction loans.
Hotel Loan Programs
Hotel Loan Programs
Calling all hotel owners, operators, and developers! Do you need to recapitalize your property during these difficult times? Lenders have been stepping up to the plate to create special loan programs just for hotels. The different hotel loan programs include first-lien mortgages, construction & renovation, lines of credit, and SBA loans. Have a more pressing need? We also have hotel bridge loans. Call me today for more details about these niche loans just for hotels.
Restaurant Working Capital Loans
Restaurant Working Capital Loans
Calling all restaurant and bar owners, and anyone else in the food services industry! Do you need working capital to get through the pandemic? Can’t wait for another PPP loan? I can help. I’m proud to introduce a new loan program. It’s specifically tailored to help restaurants, bars, fast-food, and other similar businesses get the cash they need NOW. Call me today for more details. Let’s do what we can to save our favorite local restaurants and bars!
Commercial Bridge Loans
Commercial Bridge Loans
COMMERCIAL BRIDGE LOANS -- LET'S GET YOU FROM POINT A TO POINT B A commercial bridge loan is a powerful tool that gets you to the closing table fast. Then, once you’re past the closing table, you have enough breathing room (usually 1-2 years) to lay the foundation to exit the bridge loan and secure a lower-interest, longer-term loan. There are many scenarios where a bridge loan is ideal to satisfy pressing needs. If you find a great deal on an office building in a prime location, a bridge loan can help you purchase it quickly before someone else snaps it up. Or let’s say you have an unstabilized asset such as an outdated multifamily building with vacancies. A bridge loan would give you the funds and the time to renovate and lease-up the property. Bridge loans are also useful to refinance a maturing loan, facilitate a partner buyout, or to get cash-out of existing properties to make other time-sensitive acquisitions. A bridge loan can even carry your business through a difficult phase such as bankruptcy. Contact us today and discover the power of commercial bridge loans. Let's get you from Point A to Point B.
Price Match Special
Price Match Special
There’s nothing like some healthy competition to start 2021 strong. I have lenders that are hungry for 3 types of deals, and they are offering to beat a competing lender’s like-to-like quote. The first type of loan product under this promotion is a bank statement program that flexibly allows 6 creative ways to calculate your income. The second program -- which requires tax returns -- is for borrowers looking to finance a primary residence with jumbo loan amounts up to 90% loan-to-value. And the third program is for seasoned real estate investors looking to qualify based on the cash flow of the subject property. If you’re having difficulty with your current lender, or you’re looking for a creative solution for a tough scenario, I can help. Let’s start 2021 strong by getting you a loan with the most competitive terms.
Loans Tailored For Self-Employed Borrowers
Loans Tailored For Self-Employed Borrowers
If you’re self-employed, you may be wondering: “How can I get approved for a mortgage if I can’t show steady income through tax returns and paystubs?” The good news is -- I’ve helped so many self-employed clients get approved for a loan -- without having to provide a single tax return. You can get approved by providing other documentation such as business bank statements, a profit and loss statement, or even just a CPA letter. So as you can see, there are creative loan solutions just for you.
Foreign National Loans in Florida
Foreign National Loans in Florida
If you’re a foreign national looking to purchase a vacation home or rental investment property in Florida, I can get you a foreign national loan. You may likely find the process challenging. I know this first-hand because many of my clients come to me only after they’ve spent too much time going down the wrong path and getting denied by other lenders. I’ve helped several foreign nationals solve this predicament by getting them a bridge loan. Whether you’re facing a looming contract deadline, or you’re just getting started, I can help.
Mortgage Brokers Save You Time
Mortgage Brokers Save You Time
I recognize that your time is precious. Once I am familiar with your financial situation, I can immediately identify the top potential lenders, pick up the phone, and quickly narrow down the field of contenders. As the saying goes, “It’s all about who you know.” Over the past 15 years, I have built symbiotic relationships with the key decision-makers at several lending institutions – banks and private lenders alike. These individuals will always take my phone call, as they enjoy working with me and utilizing my unique skill set. Drawing from this deep network of contacts, I will act quickly to match you with the lender who will give you the best interest rates and terms.   If you go to a bank, you’re limited by that bank’s menu of loan programs.  If you don’t fit the bank’s guidelines, you’ll have to knock on the door of the bank next door.  This can be time-consuming and overwhelming.  If you work with a mortgage broker like me, I have a deep network of go-to lenders.  More importantly, I have close relationships with the account executives or loan officers at each lender.  That is a huge time-saver for you.  In a matter of a few hours, I can have phone conversations with multiple lenders to go through your deal and obtain rough price quotes for you.  If you’re up against a contract deadline to close, or need to refinance soon, I will be nimble for you.
Underwriting Experience to Get You Approved
Underwriting Experience to Get You Approved
Having worked at banks and other financial institutions in the mortgage industry since 2004, I can give you a holistic “behind-the-curtain” view of what lenders really look for when deciding whether to loan money. For the past decade and a half, I have not only originated loans, but I have also underwritten loans, both commercial and residential. In other words, I know what it takes to get a loan application approved. I can advise you on how to maximize your chances of being approved as well, particularly if your bank has previously declined your application for a home mortgage loan or turned down your application for a commercial real estate loan.   Unlike most mortgage brokers, I’ve been on the other side of the curtain.  As an underwriter for major banks and other lending institutions, I was the person sitting on the other side of the desk with the approval or denial stamp in my hand.  I know underwriting guidelines like the back of my hand.  But more importantly, I know which lenders have stricter rules and which ones have more flexible parameters.  What does that all mean?  It means I can match you with the best lender to maximize your chances of getting approved. 
Exotic Loan Programs
Exotic Loan Programs
We provide a wide variety of lending products that can be tailored to your specific situation. We are highly creative and experienced with all lending scenarios, both exotic and traditional. Exotic: We have developed a niche for specialized, exotic areas, such as foreclosure bailout, financing for foreign nationals, non-warrantable condominiums, Chapter 11 bankruptcy debtor-in-possession (DIP) financing, and jumbo financing. Traditional: We also have loan programs for traditional uses, including purchase, refinance, construction, renovation, and investment rental portfolios.   What sets me apart from other mortgage brokers is I don’t just do Fannie Freddie type deals.  I also enjoy doing the more exotic type deals.  Living in Florida, I’ve carved out several niche areas.  For example, year after year, the top U.S. destination for foreign nationals looking to purchase real estate -- is Florida.  Super jumbo loan amounts and nonwarrantable condos are also hot issues in South Florida.  And, since Florida is the epicenter of foreclosures, I also have loan programs for foreclosure bailout as well as bankruptcy financing.  Bottom line, no matter what your situation may be, I have a full arsenal of traditional and nontraditional loan products to help you.
Why David Enjoys Helping His Clients
Why David Enjoys Helping His Clients
Getting a mortgage loan can be a daunting and overwhelming experience, especially if you are new to the process. Let David be your trusted guide to navigate you to the closing table.
2020 Year-End Review – Miami Mortgage Broker
2020 Year-End Review – Miami Mortgage Broker
In this 2020 wrap-up video, I reflect on how COVID-19 up-ended the entire lending ecosystem, requiring us all to be nimble and creative. Happy New Year and here's to a great 2021! #welcome2021 #happynewyear #2020review #mortgagebroker #miami #thankyouforyoursupport In all my years as a mortgage broker, I most vividly remember March 2020, when COVID-19 up-ended the entire lending ecosystem. One by one, I received emails from my go-to lenders announcing they were suspending their loan programs. Instead of sinking, I kept my finger on the pulse as to which lenders were still active. I still had clients to help. Foreign nationals from Spain and Mexico who needed bridge loans to purchase condo units in Miami. Self-employed borrowers looking to purchase or refinance but could not show income through tax returns. Real estate investors who wanted to pull emergency cash from their office and multifamily properties. Fortunately, I was able to navigate my clients to the closing table. To everyone who was involved in each closed deal this year -- my clients and the lenders, and everyone in between (the realtors, title companies, insurance agents, and my referral partners) -- thank you so much for the opportunity and teamwork. As 2021 approaches, I promise that I will continue to stay nimble and find creative loan solutions for any scenario. I look forward to working with you in the new year.
FundLoans – Jumbo and Non-QM Loan Experts
FundLoans – Jumbo and Non-QM Loan Experts

FundLoans enables us to offer our clients the most cutting-edge, innovative loan products.

Mortgage Broker – Overview – Commercial Mortgage Loans – Miami Mortgage Broker
Mortgage Broker – Overview – Commercial Mortgage Loans – Miami Mortgage Broker

Watch our video to learn about our commercial mortgage programs.

Mortgage Broker – Overview – Residential Mortgage Loans – Miami Mortgage Broker
Mortgage Broker – Overview – Residential Mortgage Loans – Miami Mortgage Broker

Watch our video to learn about our residential mortgage programs.

Mortgage Broker – Overview – What We Offer – Miami Mortgage Broker
Mortgage Broker – Overview – What We Offer – Miami Mortgage Broker

Watch our 30-second video overview of our mortgage broker services.

Refinancing Your Loan – Miami Mortgage Broker
Refinancing Your Loan – Miami Mortgage Broker

Whatever your reason for refinancing --

-Lower your rate -Change from ARM to fixed -Remove PMI -Pay off other debt -Make more investments -Foreclosure bailout -Buy out ex-spouse -Emergency funds -- We can help! Contact us to learn about our refinance programs.
Owner-Occupied Lite-Doc Program
Owner-Occupied Lite-Doc Program

In this video, we discuss a very innovative loan:

The owner-occupied, lite-doc program. LITE-doc is what makes this loan special. The documentation requirements are simple. Seriously. If you're employed, provide written verification of your current income. If you're self-employed, provide a self-prepared P&L. That's it. It doesn't get more creative or flexible than this. Watch our video to learn more about this creative product. #owneroccupied #primaryresidence #secondhome #refinance #homeloans #mortgage #litedoc #profitandlossstatement #verificationofemployment #mortgagebroker #residentialmortgage #selfemployed #bankturndown #brokersarebetter   When it comes to getting a loan to purchase or refinance your primary residence or second home, proving your ability to repay doesn’t have to be difficult. With a LITE. DOC. PROGRAM, you provide minimal documentation and you can still get high loan-to-value and favorable rates. Let’s see if this program is right for you. Number 1 -- Do you have a hard time showing your income? Under the lite-doc program, no tax returns or W2s are needed. And, you won’t be judged on what you made years ago. Instead, you simply provide a written verification of employment showing CURRENT income only. If you’re self-employed, you provide a P&L -- that can even be prepared by YOURSELF -- that covers JUST THE PAST 12 MONTHS. That’s it. Simple.   Number 2 -- Do you have a high debt-to-income ratio? For many lenders, having a DTI greater than 43% is a deal-breaker. However, under the lite-doc program, DTIs as high as around 50% are allowed. Number 3 -- What are other unique features about the lite-doc program? Besides single-family homes, this program also applies to 2-4 units, warrantable as well as NONWARRANTABLE condos, PUDs, townhomes, and even co-ops. Finally, the credit score requirements aren’t overly strict, And the maximum loan-to-value is relatively high. That’s pretty impressive considering the minimal documentation you have to provide.
Owner-Occupied No-Ratio Program
Owner-Occupied No-Ratio Program

Exciting news alert! The owner-occupied, no-ratio program is back. Translation?

That means you can qualify for a home loan or refinance -- WITHOUT having to satisfy any debt-to-income ratio requirements -- AND, no need to verify your income. It doesn't get more creative or flexible than this. Watch our video to learn more about this innovative product. #owneroccupied #primaryresidence #secondhome #refinance #homeloans #mortgage #noratio #noDSCR #mortgagebroker #residentialmortgage #selfemployed #bankturndown #brokersarebetter Brace yourself. The owner-occupied, no-ratio program is back. This is truly exciting news -- we haven’t seen something this creative and flexible in a long time. This could be the key to purchasing or refinancing your primary residence or second home. Let’s take a quick temperature check to see if this program is right for you. Number 1 -- Do you have a high debt-to-income ratio? Under this program, THERE. ARE. NO. DTI. RATIO requirements. Your DTI won’t even be calculated. Hence, why this program is called “No Ratio” -- this is huge. Number 2 -- Do you have a hard time showing your income? This program makes it super simple and goes a step further. YOU. DON’T. EVEN. HAVE. TO. STATE. YOUR. INCOME. If you’re self-employed, you just need a CPA letter. If you’re employed, you just need a written verification of employment. That’s it. No tax returns or W2s required. The lender will simply verify your employment. NOT. YOUR. ACTUAL. INCOME. Again -- this is huge. Number 3 -- Do you have good credit history? Like all things in life, there are tradeoffs. As discussed, this program offers 2 amazing features: No DTI ratio. And no need to verify your income. The tradeoff? You need above-average credit history. And you need to put more skin in the game -- by accepting lower leverage. But, the good thing is, gift funds are allowed for down payment, closing costs, and reserves.
8-unit Cash-out Refinance (Success Story)
8-unit Cash-out Refinance (Success Story)

We love helping real estate investors grow their portfolios.

To purchase more real estate, our client wanted to do a cash-out refinance on his 8-unit multi-family Tampa property. We obtained the loan for him with a bridge lender. We were able to close quickly, shaving off time by getting the lender to accept an older appraisal from earlier this year. Watch our video to learn more. Contact us for all your commercial loan needs. #bridgeloan #investmentproperty #mortgage #mortgagebroker #brokersarebetter #sucessstory #cashoutrefinance #multifamily #8unit #tampaflorida Our client - a real estate investor - was seeking a cash-out refinance on his 8-unit multifamily property in Tampa, Florida. Previously turned down by other lenders due to liquidity issues, we got him approved by another lender for a 2-year bridge loan at 65% loan-to-value with a fixed interest rate, and interest-only payments. He plans to use the cash-out proceeds to invest in other real estate projects. And because there is no prepayment penalty, he will be able to refinance to a longer-term program once the market allows.
Bank Statement Program (Success Story)
Bank Statement Program (Success Story)

Challenge: Self-employed husband and wife want to buy their first home. But their tax returns show no income. Their bank denies their loan application. What can they do to get their dream house?

Solution: The bank statement program. Under this program, you prove your income to the lender via bank statement deposits. Not a single tax return, pay stub or W2 is required. Outcome: Our clients are now proud homeowners with a 30-year fixed interest rate in the low 5's. Discover: Watch our video to learn about this #successstory, and contact us today to see if the #bankstatement program is right for your loan scenario. #selfemployed #selfemployedlife #mortgage #notaxreturn #nonqm #homeloans #mortgagebroker #brokersarebetter #homemortgage #entrepreneurs #bankturndown #mortgagesolutions #successstories #bankstatementprogram   Our clients - a husband and wife team running their own clothing and apparel line - were turned down by their bank for a loan to purchase their first home. We got them approved by another lender under a bank statement program. This is a great solution for self-employed borrowers. We just had to provide 12 months of their business bank statements. With a down payment of just 20%, they are now proud homeowners, with a 30-year fixed interest rate of 5.25%. This is pretty impressive considering not a single tax return was required.
Foreign National Bridge Loan in Miami (Success Story)
Foreign National Bridge Loan in Miami (Success Story)

Calling all realtors with closing deadlines around the corner!

We'd love the opportunity to help your buyer get to the closing table. We specialize in finding loans for tricky and difficult scenarios. For example, watch our video to learn how we helped a #foreignnational close on a $2.4 million #condo in only 4 days. Contact us to see how we can help solve your loan scenario. #brokersarebetter #realtorlife #mortgagebroker #problemsolving #closingtable   Our client - a foreign national from Spain - was under contract to purchase a high-rise, luxury condo unit in Miami, Florida. He was turned down for a loan because he couldn’t satisfy the lender’s documentation requirements. On Monday, we found him another lender. On Friday -- just 4 days later -- we closed his loan. 65% loan-to-value, $1.6 million loan amount. No documentation was required for his income and assets. He’s now the proud owner of an investment property in a fantastic location.
Small-Balance Commercial Loans Despite COVID-19
Small-Balance Commercial Loans Despite COVID-19

Looking for a commercial real estate loan? Need to borrow $500,00 to $5 million?

We can help! Despite COVID-19, many lenders have resumed their small-balance commercial loans. Watch our video to learn more. #multifamily #office #mixeduse #retail #lightindustrial #warehouse #selfstorage #automotive #mobilehomeparks #mortgagebroker #brokersarebetter #cre #smallbalance #commercialrealestate #loans   As a result of COVID-19, many small-balance commercial mortgage lenders suspended originations and went dark. However, several of these lenders are re-opening their programs, Which is great news for business owners looking for loan amounts ranging from about $500,000 to $5 million. #1: Key factors determining rate and terms The terms of your loan, including the rate, will be driven mainly by these factors: Property location, property cash flow, debt yield, loan-to-value, guarantor credit score, and guarantor financial position and experience. And, of course, the lender will want to know the extent to which the property has been affected by COVID-19. Each deal will be risk-based-priced on those factors. #2: Commercial real estate assets Despite COVID-19, you can find a small-balance commercial loan for any commercial real estate type, including: Multifamily Office Mixed-use Retail Light industrial Warehouse Self-storage Automotive Mobile home parks, And Properties with triple-net leases.
Multifamily Loans Despite COVID-19
Multifamily Loans Despite COVID-19

Calling all multifamily investors! If you're looking to purchase or refinance, there are still loan programs available despite COVID-19.

Even for the hairier deals, such as multifamily properties with #vacancies and #missedrentpayments, and properties that are in #tertiary or #rural markets. And, there are loan programs for all purposes, including #rehabilitation, #renovation, #stabilization, #valueadd, #partnerbuyout, and #shorttermbridge Watch our video to learn more, and contact us for more details. #multifamily #multifamilyinvesting #multifamilyinvestors #5unitsormore   Despite COVID-19, multifamily can still be a great investment. If you need financing for a property with 5 units or more, there are still loan programs out there. #1 - Vacancies and missed rent payments Even if a multifamily property is suffering from vacancies or tenants missing rent payments, it’s still possible to find a lender for that property. Unlike banks, some non-bank lenders have less stringent cash flow requirements with lower minimum DSCRs. #2 - Geography Do you have your eye on a property that’s not in a primary or secondary market? Despite COVID-19, some lenders will consider multifamily properties in tertiary and rural markets, on a case-by-case basis. #3 - Purpose Besides the plain-vanilla reasons for getting a loan, i.e., purchase or refinance, There are still multifamily loans available for all other purposes including: Rehabilitation and renovation, Stabilization, Value-add, Partner buyout, And, Short-term bridge.
Help With Commercial Loans During COVID-19
Help With Commercial Loans During COVID-19

Calling all commercial real estate owners!

Curious about the possibility of a cash-out refinance? Or have you fallen behind and need help with your mortgage payments? Despite COVID-19, you have options. Watch this video to learn about: 1. Tapping into the equity of your commercial property for emergency cash 2. Getting help if you can't afford your mortgage payments ~~~~~ BONUS: Want to learn more about lending options to help CRE owners? Read our article here: davidakrebs.com/commercial-lending-during-coronavirus/ #coronavirus #covid19 #brokersarebetter #mortgagebroker #cashoutrefinance #commercialmortgages #commercialrealestate #foreclosurebailout #foreclosure #loanmodification #cre #office #mixeduse #retail #industrial #warehouse #selfstorage #multifamily   COVID-19 brings new challenges to owners of commercial real estate. Including banks not lending at all on CRE. What if you need emergency cash? Can you tap into the equity of your commercial property? The answer is -- It depends. The more your property is cash-flowing, and the lower your current leverage is -- The better your chances are of getting approved for a cash-out refinance. What if your note is about to mature or you can’t afford the mortgage payments? You can try to get a loan modification. Or you can seek a bridge lender to refinance you. And even if you already defaulted, you may be able to get a foreclosure bailout loan.
C&I Loans Despite COVID-19
C&I Loans Despite COVID-19

Calling all business owners! Do you need funds? But don't have any commercial real estate to pledge as collateral for a loan?

You can still take out a loan. Specifically, a commercial & industrial (C&I) loan. Instead of #CRE, you pledge non-real-estate assets as collateral such as: #accountsreceivable #equipment #fixtures #furnishings #futurecreditcardreceipts #inventory #machinery Despite COVID-19, C&I loans are still available. Watch this video to learn more. ~~~~~ BONUS: Want to discover more about C&I loans? Read our article here: davidakrebs.com/ci-loans/ #coronavirus #covid19 #brokersarebetter #termloans #assetbasedlending #equipmentfinancing #linesofcredit #factoring #cashadvances #smallbusinessfunding You’re a business owner looking for much-needed funds during COVID-19. You try to get a loan, but you don’t have any brick-and-mortar commercial real estate to pledge. The solution? You can look for a commercial and industrial loan (also known as a C & I loan) How does a C& I loan work? With a C & I loan, you pledge non-real-estate assets as collateral, including: Accounts receivable Equipment Fixtures Furnishings Future credit card receipts Inventory; and Machinery What can I use the proceeds for? The loan proceeds can be used for anything, as long as it is directly connected to your business. Such as: emergency issues caused by COVID-19, partner buyouts, and capital expenses.
Investment Property Loans Despite COVID-19
Investment Property Loans Despite COVID-19

Calling all real estate investors!

If you're looking for a loan for your rental or investment properties, you have many options despite COVID-19. In this video, we break down 2 creative loan programs for your next real estate investment project. ~~~~~ BONUS: Want to learn about 2 other great programs for real estate investors? Read our article here: davidakrebs.com/residential-real-estate-investment-loans/ #investmentproperty #investmentproperties #DSCR #nonowneroccupied #rentalproperty #rentalproperties #rentalportfolioloan #fixandflip #fixerupper #coronavirus #covid19 #brokersarebetter #mortgagebroker #landlordlife #investmentloans If you’re looking for a loan for your rental or investment properties, you have many options despite COVID-19.You want a loan to buy or refinance a rental property. But, your debt-to-income ratio is high. One solution is the “DSCR” program. The lender will focus on the property’s income and expense ratio (known as the debt service coverage ratio, or DSCR). No need to provide your tax returns. And even creative property types are allowed, including short-term rentals and condo-hotels. Are you looking to quickly purchase or refinance a fixer-upper to flip or rent? A short-term bridge loan of 1 to 2 years may be ideal for you. This loan is typically collateral-based, so no income documentation is necessary.
Jumbo Loans With Creative Twists Despite COVID-19
Jumbo Loans With Creative Twists Despite COVID-19

In this video, we break down 2 creative jumbo loan programs -- each one with a "WOW!" factor.

Jumbo Loan Program 1: Cross-Collateralization -- "WOW!" factor: As low as 0% down payment! Jumbo Loan Program 2: Pledged Assets -- "WOW!" factor: As low as 10% down payment! ~~~~~ Therefore, if you're looking to #buy or #refinance a #residential property, with a jumbo loan amount of $510,401 - $15MM+, there are innovative loan programs available despite COVID-19. ~~~~~ BONUS: Want to learn about Jumbo Loan Program #3? Read our article here for an in-depth description of all 3 programs: davidakrebs.com/creative-jumbo-loan-programs/ #jumboloan #jumbomortgage #jumboloans #coronavirus #covid19 #luxuryrealestate #highrise #assetdepletion #pledgedassets #crosscollateralize #relocation #florida #newyork #california #mortgagebroker   Despite COVID-19, jumbo loans are still available, and some with creative twists to help you minimize or even eliminate your down payment. This is just a fancy term for pledging real estate that you already own in addition to the collateral for your new loan. This can help you achieve up to 100% loan-to-value. In other words, no down payment. What if you don't own any real estate yet? Instead, you can use substantial liquid assets like stocks, bonds, or even mutuals. You can pledge that as collateral to obtain up to 90% loan-to-value.
Bank Statement and P&L Loans Despite COVID-19
Bank Statement and P&L Loans Despite COVID-19

In this video, we break down 2 creative loan programs for self-employed borrowers -- each one with a "WOW!" factor.

Self-Employed Loan Program 1: Bank Statements "WOW!" factor: No need to provide tax returns. Self-Employed Loan Program 2: P&L Statement "WOW!" factor: No need to provide tax returns, and some lenders allow self-prepared P&Ls, instead of CPA-prepared. ~~~~~ Therefore, if you're #selfemployed, and you're looking to #buy or #refinance a #residential property, there are innovative loan programs available. ~~~~~ BONUS: Want to learn about other self-employed programs? Read our presentation here: davidakrebs.com/self-employed-borrower-loans/ #selfemployedlife #entrepreneur #homeloans #bankstatements #profitandlossstatement #coronavirus #covid19 #mortgagebroker If you’re self-employed, there are creative home loan programs just for you. Purchasing or refinancing is still possible, despite COVID-19. Like many entrepreneurs, you don’t have paychecks or steady tax returns to show income. So, how do you qualify for a loan? One way is — bank statements. You provide 12 or 24 months of bank statements, and you qualify based on the deposits. No tax returns or W2s needed. What’s another way to show your income? A profit-and-loss statement covering 12 or 24 months. Some lenders even allow the P&L to be prepared by yourself, instead of a CPA.
Foreign National Loans in Miami Despite COVID-19
Foreign National Loans in Miami Despite COVID-19

Calling all foreign nationals!

If you're looking for a loan to purchase or refinance an investment property or second home in the U.S., you have many options despite COVID-19. In this video, we break down 2 scenarios where foreign national loan programs are still available. 1. Jumbo loan for a vacation home 2. Cash-out refinance on an investment property ~~~~~ BONUS: Want to learn more about foreign national loans? Read our article here: davidakrebs.com/foreign-national-loans-florida/ #foreignnational #foreignnationals #foreignnationalloan #greencard #workvisa #secondhome #jumboloans #investmentproperty #investmentproperties #nonowneroccupied #rentalproperty #rentalproperties #rentalportfolioloan #coronavirus #covid19 #brokersarebetter #mortgagebroker #cashoutrefinance #purchase Despite COVID-19, foreign national loans are still available to purchase or refinance a second home or investment property in the U.S. No matter what your goal is. Here are just two examples. You want to purchase a vacation home. Can you get a jumbo loan at 70% loan-to-value? Yes, foreign nationals can qualify for jumbo loan amounts up to $25 million. And higher LTVs with a foreign credit report. You want a cash-out refinance on your investment property, which is a short-term rental unit. Is that possible? Yes, lenders have foreign national programs for all property types, including short-term rentals, non-warrantable condominiums, and co-ops.

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