90% LTV for Austin apartments?

[drew91]

I have an investment team ready to buy small to midsize apts in Austin, Texas, but we are not willing to put more than 10% down.

Can anyone recommend lenders in this area who will finance to 90% LTV (or, at the least, allow up to 90% CLTV)?

Thanks, Drew

[Jo se]

Good luck in finding a broker here in Austin that can do 90LTV on investment properties. Most brokers can only go 80%LTV on purchase and refinance.

Let me know if you find a broker here in Austin or San Antonio that is investor
friendly and knowledgable with what investors need and really knows his lender that will work with investors.

Jose

[Scotl]

If you are talking about up to 4 units, that can be done.  Patricia at mort4you@comcast.net.  5+ units, I have heard alot of talk, but no real closings.


Scot

[Jo se]

I have heard it can be done, but have yet to find a Broker or Lender here in Austin that can do a 90%LTV for non owner occupied.

If there is someone here in Austin that knows their Lenders that are willing to provide 90%LTV NOO or construction loans for duplexes and SFR's, let me know.

Jose

[sanjosee]

I haven't found any 90% LTV financing from any institutional  lenders.  Your best bet  would be to try to do some Owner carry back financing to acheive 90% LTV

[devildog476]

good luck

[Scott Allgood]

Try Quotemearate.com, they are based in Houston Texas.  We've done 95% investor loans with them before(80/15) loan.

Contact Robert Gonzalez 305-932-8154 and his e-mail is robertgo@bellsouth.net

[tedjr]

Contact David Buttross. He is  a wheeler dealer and sells all kinds of property with 10 % down owner financing. He is not very concerned about credit either, He had a 5 plex for sell recently and a 11 house deal and several duplexes. He sold a friend 20 houses in Waco too. Prices a bit high but the terms are fantastic. He may have a deal or two for you. He is a new member at this forum

Good luck and thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas  78737
512-301-9171 home
512-587-6177 mobile