Andrew Ikeda 0 Report post Posted February 19, 2004 THANK YOU to everyone who has contacted me lately regarding financing! (And someone called me this past Monday and all I could understand was the area code 208 -8----. and I think the name 'Patrick'?? Please call me! ) Your calls and questions have inspired me to become better and more motivated! I'm always happy to help out wherever I can. If I dont have answers I'll be happy to get them for you. I've learned a ton about real estate investing from my experience and am happy to help in any way I can. Thanks again, Sincerely, Andrew Ikeda (Mortgage/Investment Specialist) US Funding Group, Inc. 888-889-1640 ext 220 andrew.ikeda@usfundinggrp.com and/or andikeda@netscape.net Share this post Link to post Share on other sites
<Steve> 82 Report post Posted February 19, 2004 Thank you Andrew for helping me with my investment financing! Anyone hear looking for a creative lender that understands what investors do, Andrew at U.S. Funding Group is the person to contact. Awesome loan products. <Steve> Share this post Link to post Share on other sites
tgnite 0 Report post Posted February 20, 2004 Andrew, My Thanks for pressing on so hard to make the Refi work.You have done wonders!!! It has been a pleasure to do businesswith you!! Share this post Link to post Share on other sites
tgnite 0 Report post Posted February 20, 2004 Ok Andrew here is a question for you. On another site I visit, there is an investor asking aboutan LLC obtaining the loan without personally assuming the mortgage? Can this be done? Share this post Link to post Share on other sites
Andrew Ikeda 0 Report post Posted February 20, 2004 Hello John, That is an excellent question and here is/are the answer(s): 1) For residential properties: only individuals - everything else does not matter. 2) For Apartment complexes: Lenders will look at two years worth of rent rolls, maintenace records, etc and go by the strength of the property and not the borrower. The owner of US Funding told me that he bought an apartment complex a few years back with no job and assets and mid 600 FICO scores. He told me the lenders look at the property and not so much the borrower. 3) Regarding all other types of commercial properties: lenders look at both the strength of your LLC's and the property you plan to acquire. They primarily look at the strength of the LLC with the individuals being somewhat secondary. In regards to your LLC: lenders will want to see two years of stable history and fairly good credit scores mid 600's on up is acceptable. Hope this answers your questions and again, John, thank you very much for your trust and patience. I do my best to treat all my clients with the utmost in professionalism and I really do care about them as individuals too! Best wishes and have an awesome weekend! Andrew Ikeda (Mortgage/Investment Specialist) US Funding Group, Inc. 888-889-1640 ext 220 360-433-6820 direct line andrew.ikeda@usfundinggrp.com and/or andikeda@netscape.net Share this post Link to post Share on other sites
