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Direct Lending - Modular and Traditional Ground Up / Fix and Flips (walnut creek)
license info:
01773204
offered in person
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My name is Anthony, the regional VP of lending for the NORCAL market and a life long resident of the bay area. I've been in the industry of private lending to RE investors since 2015 and got my start in conventional financing as a processor all the way back in 2000. I've almost done it all but here to stay in the RE Investment lending serving my community. I am looking to meet local real estate investors, realtors, brokers and wholesalers.
Fix and Flip up to 95% LTV and 100% rehab:
* Up to 95/100 leverage on fix and flip
* Heavy projects ok $500K+
* Easy 24 hour wires after visual draw inspections
* Fast underwriting as quick as 5 days(if qualified for BPO and already existing borrower)
* Mid-swing renovation ok – day 1 draws also
Modular Home Construction Financing:
* We give 3 draws through the progress of the modulars being constructed rather than 100% re-imbursement reducing cash-flow issues for borrower and opening up opportunities for more investors to get in the game
* Up to 85% LTC
New Construction Financing:
* Up to 90% LTC for more experienced investors
* First time new construction ok: Just show us 4 recent "heavy fix and flips"
* Funding horizontal hard costs(trench, new utilities, grading)
* Multifamily, infill new construction ok
30 year term rental loans & 5/7/10 yr arm:
* Currently as of 10.7.25 our 30 yr product has a 6.20% floor rate
* 1.00% minimum DSCR ratio for 1-4 units
* 1.20% minimum DSRC ratio for 5-20 units
* Interest only option available for 5+ units
* Cash-out refinance is ok
* Vacant units are ok - we will use 90% of market rate for income
***Other reasons why our clients love Renovo Financial***
* Visual inspections only for draws - No invoices and receipts required
* Draws come in via wire 24hrs from inspection - As long as it's conducted before 11 am PST
* In-house servicing and fully integrated access to everything with your loan: Statements, order payoffs, order draws, check status of loan, upload docs for loan
* National lender and national pricing - very market competitive
* Easy and common sense underwriting
* Widest variety of loan programs under one roof
* Personal business relationship style with your regional market lender