Jeremy Drews
Todd Harris
BBYS Buy Before You Sell No-Payment Bridge Loan
BBYS Buy Before You Sell No-Payment Bridge Loan will pay off their existing mortgage and provide homebuyers a cash-out option to purchase a new home. Homebuyers can gain a competitive advantage to stand out — especially if it comes down to a bidding war.
- Borrower Can Buy Before They Sell
- Borrower Can Look Like a Cash Buyer by Making Non-Contingent Buyers
- Balloon payment due in 12 months for owner-occupied properties and 6 months for non-owner-occupied properties.
LendSure 1031 Exchange with No-Payment Bridge Loan
A 1031 Exchange is a tax-deferred strategy that enables an investor to swap one investment property for another without incurring any immediate capital gains taxes. It’s a fantastic tool for those looking to optimize their real estate investments and potentially grow their portfolio. LendSure’s No-Payment Bridge Loan lets them tap into the equity of the original property to buy the replacement property.
- Allows investors to push forward with the purchase of a replacement property without waiting to sell their original one.
- Prevents investors from missing out on potential opportunities that may not stay on the market for long.
- Enables property investors to keep collecting rent on the original property with no monthly loan payments on the bridge financing.
- Gives investors time to make improvements to the original property so they get the best possible price when they sell.
- A reverse exchange is subject to the same identification and exchange periods as a traditional 1031 exchange.
Financing 5-10 Unit Properties
LendSure’s innovative DSCR Investor Cash Flow program is now available for 5-10 Unit properties for seasoned property investors. This program comes with the exceptional service levels and streamlined process that you’ve come to expect from LendSure.
- Loan amounts under $3,000,000 and Cash-Out up to $500,000
- Minimum DSCR of 1.0
- Close multiple loans for the same investor at the same time
- Up to 75% LTV for Purchase
- Up to 70% LTV for R/T Refi
- Up to 65% LTV for Cash Out Refinance
- Qualify on interest-only payments – excellent for qualification and cashflow purposes, particularly with our 10-Year IO Period and 40-Year Term program
Condotel Loans
Now you can offer borrowers financing for their condotels – all with the program options and service levels that you’ve come to expect from LendSure.
- Industry-leading Bank Statement Program
– LendSure will calculate the income for you and provide an extensive, common-sense pre-qual within 24 hours - Up to 75% LTV for Purchase Loans
- Up to 70% LTV for R&T Refinances (740 minimum FICO)
- Up to 65% LTV for Cash-Out Refinances (740 minimum FICO)
- Investment Property and Second Home Only
LendSure Financed Rate Buy-Down
LendSure offers borrowers the additional flexibility to buy down their rate and finance the points.
- Lender and broker points can be financed into the loan (up to 2% on the value or purchase price on an 80% LTV loan)
- Financed points do not raise the LTV pricing bucket
- Up to 82% LTV when financing points (at the 80% pricing tier)
- Borrower does NOT have to bring additional cash to close
- Lower rate significantly lowers the borrowers’ monthly payment
