The independence celebration continues with a Cash Out Refinance Interest Only loan funded in 24 days! If you have a loan scenario like this funded loan, contact an Account Executive to start with Emporium TPO. Loan Amount- $298,926 Loan Type: 30Y Interest Only – Cash Out Refinance Sub to fund: 24 days Sub to Ctc: 19 days Credit Score: 718 LTV: 64% DSCR- 1.66 *Terms for illustrative purposes only
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I can shave 100bps off your loan by... Offering a SWAP rate. "Sign me up." What is a swap rate? How does it work? Why is often much cheaper than standard bank loans? Whats the catch? Effectively, both parties are hedging their bets on fixed versus variable rates. Since the lender's exposure is less risky, they are able to more comfortably lend money at a lower rate. On the flip side, if the loan is terminated either because of a default or because a refinance, heavy fees can be incurred. These fees are known as a swap break fee, in short, 2 parties agreed to exchange their interest rates, now they want to terminate that agreement, they are assessed a fee. In a SWAP agreement, everyone is safer, and borrowers can save a lot on rate. If a borrower isn't confident that they will keep the loan for the entirety of the term, it is often going cost a lot in fees.
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Thousands of loans will reach maturity in 2024 and 2025 across all asset classes, and many owners will find that they are coming up short on proceeds at refinance. If you are concerned that this may be a problem for a maturity that you are facing, it is best to plan ahead. We can help with senior and supplemental debt options that can help you get past the current interest rate challenges and on to a brighter future ahead. Schedule a call to discuss options at Calendly.com/BMFG.
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Part 1 - Minimum repayment is making the bank rich and you poor. The reason for this is that interest is calculated daily, not yearly. On a $800,000 loan against a $1M property at 6.5% over 30 years, you’ll be paying $1,020,356 in interest ALONE. With that payment, you didn’t pay 6.5% interest, you paid 100% interest to purchase that property! Reducing your loan term is important to save you more money over the life of the loan and while this may not be practical for most immediately as the repayments will go up, you can refinance to a lender offering 0.5% less and make the same repayments as you do currently. By doing this, you’ll save close to 4 years on your loan term and $139,300 in interest .. back in your pocket. There is situation where you would just make minimum repayment. For that, like and follow for part 2!
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There are $61B in outstanding floating rate agency loans through Freddie. Now here are some shocking stats that were discussed (as per CRE Analyst): ~ 21% or $13B of those $61B of loans are currently on the federal watch list ~ Only 1% of those are in special servicing right now ~ Many of those loans have a DSCR below the current standards That last stat is VERY worrying, since sponsors will likely have to come up with plenty of equity just to cover the refinance. Now if the sponsor does not believe in the deal enough long term to pay in to cover the DSCR, what do you think is about to happen? Reach out to myself or Clark Finney with our debt team to discuss the debt markets.
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**Maximize Your Investment Potential with a Refinance Cash-Out DSCR Loan!** Are you looking to unlock the hidden equity in your investment properties? A refinance cash-out DSCR (Debt Service Coverage Ratio) loan could be the perfect tool to take your real estate portfolio to the next level! 🏢 **Why Choose a DSCR Refinance Cash-Out?** - **Tap Into Equity**: Access the cash tied up in your properties to reinvest in new opportunities or improve existing assets. - **No Personal Income Requirements**: Qualification is based on the property’s cash flow, not your personal income. - **Flexible Use of Funds**: Use the cash for renovations, property acquisitions, or even to pay off high-interest debt. Whether you're aiming to expand your portfolio or optimize your current holdings, a refinance cash-out DSCR loan offers the flexibility and financial leverage you need. Let’s connect to explore how this financing option can support your investment goals! #RealEstateInvesting #DSCRLoans #Refinance #InvestmentProperties #FinancialGrowth
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The idea of refinancing a commercial loans might cause us to wince in the current interest rate environment. The good news is there are more options than you might imagine. If you're up against a refinance decision, drop us a note. In the meantime, check out this article, written in 2022, but still very relevant as we enter 2024. https://lnkd.in/ejP8FD7p
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Got debt? Whether you have high interest rate credit cards or other debts you need to consolidate, a cash-out refinance might be your solution! Only a 500 credit score is required 💪 #debt #debtconsolidation #refinance #mortgageworld
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Managing Director- CMBS/Commercial Real Estate/Loan Assumptions/Distressed Properties/Restructures/ Recapitalizations and Capital Placement.
In the past year, we've been assisting CMBS borrowers with extending loan maturities. Lenders are open to collaboration based on factors such as asset class, property performance, and location. They're particularly interested in seeing evidence that, as an investor, you've made efforts to refinance the property without success. However, perfecting these requests requires time. If your CMBS loan is maturing in 2024 or early 2025, reach out to discuss your options. Partnering with a loan workout team could help you save both time and money. #CMBS #Loanworkouts #maturityextension
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Licensed loan officer @The Mint Capital, I'm here for YOU - to get your loan delivered quickly and smoothly! Feel free to contact me for all mortgage needs, I will be happy to assist you. NMLS #2060303
Did your investment property go up in value? Got a good interest rate on your first loan, making it not worthwhile to refinance for a cashout? (stuck with your equity in your property?) A second lien might be your answer. We offer second-lien options, full doc, and DSCR. Reach out to [email protected] to get started. #Mortgagewithease #themintcapital #Secondlien #DSCR
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Looking to secure a low interest rate without resetting your loan terms to 30 years? At West Cal Financial, our flexible refinance loans could save you hundreds. Interested in learning more? Comment below or message us to get started today. #RealEstate #MortgageBrokerage #NovatoCA #Refinance #LowInterestRate #WestCalFinancial
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