Category: Fix and Flip

Amazon.com Inc. officially announced that Northern Virginia and New York City will be the sites of its new headquarters.

The new headquarters will be located at National Landing, Arlington, Va. in the Washington D.C. metro area.

The Queens neighborhood of Long Island City will be Amazon’s New York City headquarters site.

Both cities are major metropolises with international airports and have top labor forces—plus CEO Jeff Bezos already has homes in both places.

Read More on the Amazon Final HQ2 Choices.

Loan Amounts $1,000,000 – $ 40,000,000+

Collateral First Mortgage

Asset Types Multifamily, Single – Family, Mixed – Use, Office, Hotel, Retail, Industrial, Urban Land

Purpose Acquisition, Refinance, Development, Repositioning, Construction, Renovation, Cash Out

Status Stabilized, Transitional, Distressed

Interest Rates Negotiable (Typically from 8% to 10 %)

Loan to Value Up to 75 + % Loan to Total Capitalization/ 95% Loan to Purchase Price
(higher LTVs possible)

Term Up to 36 months

Fees 1 .0 – 2 .0%

Interest Reserve Varies

Amortization Fixed or Floating Rate Interest only

Prepayment | No Prepayment Penalty

Closing 1 – 2 Weeks

If you are an investor, we have a program that can be used for purchases and refinances on your income property that is producing rent.

This product can be used for a single rental property or 100’s of rental properties. You can also use this product to Fix & Flip homes.

On Rental property loans, 20% down payment on a purchase or a refinance. You can do either a rate and term refinance or a cash-out refinance. Min credit score is 620 for this product.

These loans can be used on Single Family, Condos (Non-Warrantable are acceptable), Town homes, 2-4 units, and multi units 5-20 units. Minimum loan size is $75,000. You are required to have an escrow for taxes and insurance.

Fix & Flip loans, Depending on your experience you could be putting down as little as 10% down on purchase and 5% down on rehab costs. Min. credit score for this loan program is 600. Min loan size is $75,000. This is an interest only product for 9 months can be extended to 12 months if needed. Maximum LTV after repairs is 75%. Must have an escrow for taxes and insurance. Funding can be 10-14 days. This program does not require a net worth.

Rates starting in the 4’s
4 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Loans up to $3 million (minimum $150,000)
Credit scores starting at 660
Up to 90% LTV/CLTV
Owner-occupied and second homes
Non-warrantable condos considered
Interest-only available
Cash-out available – $500,000 maximum
Full doc and bank statements available
Option to qualify with assets instead of income
1 year tax return program available

We found the rankings for the top office owners based on the volume of office space these are owned globally as of Dec. 31, 2017.

You can find the top office owners, their company names and more information here along with the following information on each of the 2018 Top CRE office Owners.

Address
Phone
Website
Officers
Owned
Total Developed or Had Under Construction
Under Development
Under Redevelopment
Renovated
Total of Expansions
Total Development Portfolio
Development Projects
Redevelopment Projects
Renovation Projects
Expansion Projects
Total Projects

Medical Office Buildings

Medical real estate has been driven by demographics and technology:

Here’s an article I found very interesting on the sector, you can find more on the article here.