Realty411 Magazine Featuring Lee Arnold from Cogo Capital | Page 42
Sunset will even loan on condos and condotels,
mixed use properties that include residential units, and
rates start from an insanely low 7.49%.
New Construction Loans
Many investors have come a long way in the past
few years, and we are at a point in the market where
many real estate investors see more sense in building
their own units to resell or collect rent on. Sadly, one of
the loans that haven’t really come back since 2008 are
construction loans. That is until now.
Sunset Equity Funding will finance ground up
construction projects.
These loans operate as a line of credit. Meaning you
don’t pay or accrue interest on money until you have
drawn it down. That makes a huge difference in finance
costs for investors during the most critical time, when
they need low outgoings.
Apartment Building Loans
Another strong niche that Sunset prides itself on is
its apartment building loans. They offer a full range of
options from direct private money loans to Fannie Mae
backed affordable multifamily loans. Ben says his firm
is willing to match or beat any LOI from another lender,
and he guarantees it.
The nonprime bridge loan can be used for 24 unit
properties and 5+ unit apartments. Including buildings
with significant deferred maintenance. Loans are for
both purchase and refinance, with no DSCR ratios on
residential property. Loan amounts are available up to
$20M.
Owner Occupied Loans
gifts of equity and cash out to cover reserve requirements.
More To Love
These options will give you even more reason to toast
to your next sunset after your close your loan with this
lender.
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Funding for live and online property auctions
No upfront appraisals for rush closings
Financing for rural properties
Closings within 24 hours of conditions being received
If You’re A Loan Broker
& You’re Jealous...
If you’ve been offering or brokering investor loans and
you wish you could be offering deals like these, then
Sunset still has you covered.
Through its correspondent lending program Sunset
provides a white label lending option, which ensures you
look like a rock star to your clients, while remaining the
direct borrower contact and keeping your customers long
term.
Get in touch to see how you can start offering these
awesome loans and features to your clients so you can
fund more loans and lose less deals.
Start Closing More Deals
Whether you are a brand new investor, veteran with
hundreds of deals under management or in your pipeline
or a mortgage broker looking to provide more and better
deals, hop over to SunsetEquityFunding.com and apply
online or call 866.291.3412 and run your scenario by their
deal structuring experts.
Sunset Equity Funding’s team are experts at
structuring flexible solutions for those with challenging
loan scenarios. Even with less than ideal credit and
tough to finance properties. LTVs go up to 90%, with
DTI’s up to 50%. Alternative documentation features
can allow VOE only and 1099 options, as well as
personal or business bank statements. They even allow
B e n j a m i n D o n e l
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