“We Know the Lending Game”
Providing non-consumer loan products for real estate professionals, specifically tailored for investment purposes. Contact us at We Know the Lending Game for assistance in navigating the world of real estate financing. Our services are designed to help you succeed in your property investment ventures. With a focus on investment strategies and financial solutions, we are dedicated to supporting your real estate goals with expertise and personalized guidance.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
We Know the Lending Game 6730 Florence Avenue Suite 101 Bell Gardens, CA 90201 Direct: 562-498-7771 Fax: 562-330-5795 info@rgc.capital 1 Non-consumer loan product *For real estate professionals *Strictly for investment purposes. CA DRE #02148087 NMLS #2187460
RGC Capital Stated Income Stated Asset ONLY $ 100,000 - $1 Million loan amts. NO TAX RETURNS NO 4506 Most commercial properties considered Common sense underwriting 2
The Borrower Self Employed Entrepreneur, Investor NO TAX RETURNS Unusual Property Small loan amount under $ 1 Million 3
Differences Between RGC Commercial and Residential Higher Rates NO LOCK of rate Lower LTV s Environmental due diligence on all properties Longer loan process Appraisal is more expensive and expansive PPP s common 4
Property Types Tier 1 Mixed use and Multi Family properties Tier 2 - Warehouse/Office/Retail, Self Storage, Mobile Home Park, Automotive Tier 3 Rooming house, B&B, Campground Tier 4 Special Purpose, Funeral Homes, All Property types allow for a 90% CLTV 5
Loan Terms 15, 20, 25, and 30 year terms available to your borrower. **No adjustments necessary to rate sheet!! * 30 years terms are only available to Tier 1 and Tier 2 properties with MetWest Gold, A+, A, A- credit grades. 6
Pricing Options Available on all programs EXCEPT the One Rate Reduce rates by .125% for each additional 1 year in Interest Guarantee (Not to exceed 7 years) Reduce rates by .25% for each additional 1 year in Interest Guarantee and PPP (Not to exceed 1.00%) 7
Matrix Examples 1. M/U Property 720 Mid Score 2/6 Arm Rate: ___________ 75% LTV 20 yr. Term 1/1 Arm Rate: ___________ 5/6 Arm Rate: ___________ 20 yr. Fixed Rate: ________ 2. Restaurant 643 Mid Score 2/6 Arm Rate: ___________ 60 % LTV 15 yr. Term 1/1 Arm Rate: ___________ 5/6 Arm Rate: ___________ 15 yr. Fixed Rate: ________ How can you lower the rates? 8
RGC in the MarketPlace Banks Hard money 9
Traditional Lenders Banks, SBA s, Thrifts Bank credit application State of personal history Management Resume Personal Financial Statement Business Tax Returns 2 years Personal Tax Returns 2 years Bank Statements 2 years Purchase Agreement Leases to Property Cross Collateralization Balloon Payments DSCR 1.3 or higher Rent Roll Copy of Business License Insurance Information Schedule of Business Debt Background Information Copies of Equipment Leasing And much more 10
Hard Money Lenders Very high interest rates Low LTV s Fast Closings All Credit considered Minimal documentation All Property Types Considered High Commitment Fees Short term Loans Inconsistent Temporary Solution Cross Collateralization 11
Intermediate Lender-Express Intermediate Rates Moderate LTV s Quick closings Wide Credit Range Limited Documentation Environmental Fee Many Property Types Considered NO Commitment Fees Fully Amortizing loans No Cross Collateralization Reasonable DSCR 12
Common Reasons Deals May Not Close Terms/conditions not disclosed upfront Estimated property value inaccurate Property info inaccurate or incomplete Didn t use Mercury Real Estate for appraisal Story not told upfront/ Title issues Who is the Real Borrower ? Credit score drops significantly Deal not sold 13
Relationship with the Co-broker Meeting the Co-Broker This is your first impression make it a good one Take your time Begin to build a business relationship be honest You are the EXPERT take control Have they closed a commercial loan before? Educate them on the differences between resi and commercial (Appraisal, Rates, LTV s, Loan Process, Environmental Due Diligence) 14
Pre-qualifying the Lead Correctly Value outweighs Price This is the MOST IMPORTANT step in the loan process By asking the correct questions, it will save time for both you and the borrower LISTEN take notes What is the value to the borrower? Begin selling the deal and building a relationship 15
Loan Submission 1.RGC Loan Application 2.Completed 1003 3.Current Credit Report Submit these 3 items to your Account Executive. You will have pre-approval within 48 hours 16
