Projected gross rental income = $300k. Repairs at 5% = $15k. Property management fees at 8% = $24k. Other expenses (utilities, pro rata property tax, insurance, reserves, etc.) = $61k Projected annual cash flow or NOI = $200k
一般来说，这种mix use的 property, 最好还是走local banks, I don't think a bridge loan is the way to go, 12 months is too short for you to refi or flip to capture any appreciations.
of course, I don't know the location nor the condition of the property, but if I am the buyer, for me to justify the 4.5 million dollar price tag, I like to see a minimum pro forma 45k income/ month unless it's in a high appreciation area.
and to future refi, unless you are owner-occupied, mix-use properties are usually not the most favorite type of assets in the bank's eye, you may try go SBA but Fannie or Freddie both are out of the question.
$1.6M - 1 year bridge loan, 11.99% interest only, 2 points, $2500 processing, Plus title, appraisal and closing attorney. 没做过bridge loan, 不知道这个offer如何？
另外，一年之后改银行loan容易吗？先谢了。
现在cap rate vs interest rate 倒挂
还有就是环境报告
租约长短 贷款人情况也看
Projected gross rental income = $300k. Repairs at 5% = $15k. Property management fees at 8% = $24k. Other expenses (utilities, pro rata property tax, insurance, reserves, etc.) = $61k Projected annual cash flow or NOI = $200k
贷款
找你平时存钱的银行 问问 我不觉得你这个有问题
除非你买的一个真正商产 而且目前没有租客 没有任何收入 那么贷款有问题
你的问题介绍情况不清楚哈
fully occupied. Thanks.
尤其是mixed use
一般来说，这种mix use的 property, 最好还是走local banks, I don't think a bridge loan is the way to go, 12 months is too short for you to refi or flip to capture any appreciations.
of course, I don't know the location nor the condition of the property, but if I am the buyer, for me to justify the 4.5 million dollar price tag, I like to see a minimum pro forma 45k income/ month unless it's in a high appreciation area.
and to future refi, unless you are owner-occupied, mix-use properties are usually not the most favorite type of assets in the bank's eye, you may try go SBA but Fannie or Freddie both are out of the question.
想想最坏的情况，一年后还是贷不到普通银行贷款你怎么办？