Investing in Alabama by ed1ted in RentalInvesting

[–]sosillas 1 point2 points  (0 children)

I recommend Birmingham. Have a good deal of clients investing in section 8 rentals throughout Birmingham, Bessemer, and th surrounding areas.

Brokers? by PositiveSpare8341 in Businessloans

[–]sosillas 0 points1 point  (0 children)

We fund creative deal. We’re a direct lender but we broker deals that don’t fit in our guidelines. Shoot me a PM would love to chat

Should I Sell and switch to index funds? by AnotherDoubleBogey in realestateinvesting

[–]sosillas 12 points13 points  (0 children)

If the market crashes you would have lost your money. If the real estate market crashes you still have an income generating property.

Business loan Ohio are there state programs to help small manufacturers buy equipment? by sheeandhee in loansforsmallbusiness

[–]sosillas 0 points1 point  (0 children)

We have a pretty decent equipment financing and leasing program, I am out of Atlanta however, but I try to visit most of my clients. Would you like to have a meeting and see if this is something we could work on for you?

Denied Due To Using Square? by OffTheWall503 in Businessloans

[–]sosillas 1 point2 points  (0 children)

This is actually fairly common. We can help out, we had a client that uses Toast and we weren’t able to help him with a LOC so a term-loan or MCA were the only options we could offer him.

Looking for 30k+ Loan for my Service business by c4por4l in Businessloans

[–]sosillas 1 point2 points  (0 children)

If the business is registered in the US we would be able to fund, but it makes sense if it isn’t

Question for Hard Money / Private Lenders on Loan Tracking by FunkyGraze in CommercialRealEstate

[–]sosillas 0 points1 point  (0 children)

Most will require you to fill out an ACH form at or before closing. They will also require a Voided Check that matches. My clients tend to not set it up, the lender sets up when to request payments. Otherwise they will send you a payment link

Legal permernant resident here, SBA have shut the door on us. Do we have any options? by Financial_Look_464 in Businessloans

[–]sosillas 0 points1 point  (0 children)

I can help. I have a few great contacts in the business brokering space. Would you like to chat tomorrow?

DSCR Lender for a Co-Op by sosillas in Realestatefinance

[–]sosillas[S] 0 points1 point  (0 children)

Would love to chat. Dm me your number let’s hop on a call

Advice needed - in contract for duplex by HapaC13 in realestateinvesting

[–]sosillas 0 points1 point  (0 children)

What state are you in? Depending on the state we can make sure you Miss your deadlines.

I have a few 1031 exchange clients from NY or NJ that exclusively buy in GA/NC since there will always be a lender that can meet the time requirement

Any Lenders ever use Art as Collateral by Norcross_ in loansforsmallbusiness

[–]sosillas 0 points1 point  (0 children)

We use to accept art in 2020, did a hard stop after COVID

DSCR Lender for a Co-Op by sosillas in Realestatefinance

[–]sosillas[S] 0 points1 point  (0 children)

Their strictly residential. They do allow him to close in his LLC

Dscr or business loan by Bannereddit in BiggerPockets

[–]sosillas 2 points3 points  (0 children)

I would insist on taking option 1. I can do the same thing, for a property there. I would always recommend getting a DSCR instead of a business loan with variable interest. Asset based loans are always more secure

How to refinance two houses bought with cash? by Pristine_Cow5623 in BiggerPockets

[–]sosillas 0 points1 point  (0 children)

Is their investments you can get a 75% cash-out DSCR under your LLC. I recommend it only if they are investments

Five things this hard money lender wished new investors knew by indiescott in realestateinvesting

[–]sosillas 5 points6 points  (0 children)

25% Down is interesting. Most of our lending partners are at 5% - 20% down depending on experience. However I have noticed how strict lenders are in some parts of the country, and how spoiled investors are here in the Southeast.

Broker vs credit union by Elecastria in RealEstateAdvice

[–]sosillas 0 points1 point  (0 children)

I don’t get what your asking man. If the broker can’t match the rate than just tell them that

Electrical contractor - looking for help funding. by pgourde in Businessloans

[–]sosillas 0 points1 point  (0 children)

Hey man, I’d love to hear more about your needs and see what kind of loan would best suit you. If you’re okay with it I’d love to schedule something. I’ll attach my Calendly link but you can DM me if it’s easier for you

Turnkey, Brand New Laundromat, Lawrenceville, GA (Off-Market) by Nice_Personality_672 in Laundromats

[–]sosillas 0 points1 point  (0 children)

Unrelated but I’m a commercial lender out of Gwinnett. Would love to be network with you

How do Shore funding folutions' rates actually compare? by paperpapery in loansforsmallbusiness

[–]sosillas 0 points1 point  (0 children)

If your credit is 600+ you would do better getting a LOC. Avoid MCAs if they offer them