Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: NWD_Properties on March 19, 2010, 01:36:20 pm

Title: Lenders with 100% CLTV allowance
Post by: NWD_Properties on March 19, 2010, 01:36:20 pm
I am looking for a private lender that will allow a seller carryback to 100% CLTV on residential property.  Do any of you have any recommendations?
Title: Re: Lenders with 100% CLTV allowance
Post by: christopher w on March 19, 2010, 07:28:54 pm
I would suggest you take an ambien and go climb in bed because the only place you will find 100% CLTV on a seller carryback is in your dreams. Seriously.
Title: Re: Lenders with 100% CLTV allowance
Post by: rookieNYC on March 26, 2010, 01:34:25 pm
chrisw.... :bobble

rotflmao....hilarious and true...

Title: Re: Lenders with 100% CLTV allowance
Post by: romelucky on March 29, 2010, 02:52:37 pm
I guess he puffed, puffed, but never passed it....
Title: Re: Lenders with 100% CLTV allowance
Post by: sizzmo on May 06, 2010, 12:14:35 pm
Try 70% CLTV and then you will be smok'n.  Any more, no deal.  Best wishes.
Title: Re: Lenders with 100% CLTV allowance
Post by: redhawk on May 24, 2010, 09:14:26 am
With bank or institutional funding they are correct. With private funding anything is possible. Private funding will depend on the deal itself and the lenders faith in you as an investor that produces profits. Show a private lender that and you can get what you ask for. You will need to build those relationships to get to that point.

Redhawk
Title: Re: Lenders with 100% CLTV allowance
Post by: robdedgar on May 25, 2010, 08:41:28 pm
Nobody mentioned seller financing.  But even with that you would be considered God-like.
Title: Re: Lenders with 100% CLTV allowance
Post by: dnburgess on June 14, 2010, 11:20:40 am
Is it residential or commercial?

With residential many lenders will allow a seller carry to 100% with an 80% 1st. With commercial you need 65-70% to get to 100% CLTV and most will cap the loan amount at $500k. Depends on the deal.