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ASK MIKE MONDAYS - Interest Only Needed? What you should expect

ASK MIKE MONDAYS - Interest Only Needed? What you should expect

Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will only do 6-18 months of interest only during the rehab…then it will modify into a principal and interest payment. 

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ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will onl...
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will onl...
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
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Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago
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oldcapitalpodcast oldcapitalpodcast | 4 years ago
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oldcapitalpodcast oldcapitalpodcast | 6 years ago
Not all Lenders are the same; some Banks are not real estate lenders.  Not all Lenders like Apartment loans Not all Lenders like older properties that need to be rehabbed and repositioned  Not all Lenders like non-recourse loans; most will not even offer non-recourse loans Not all Lenders will like the part of town that you want to invest in. Not all Lenders will give you maximum leverage to acquire and rehab with your loan Not all Lenders will amortize apartment loans greater than 15 years Y...
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Interest-Only Loans: What to Know
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fastexpert fastexpert | 1 year ago
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Interest-only loans are a type of loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term, the borrower must repay the entire principal balance in a lump sum. Most homebuyers won’t consider this type of loan because it often has a specific purpose, such as when flipping houses. In this article, we will discuss everything you need to know about interest-only loans so...
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oldcapitalpodcast oldcapitalpodcast | 4 years ago
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