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Victoria Phifer
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Investing Lender for 1st time investors

Victoria Phifer
Pro Member
Posted May 15 2024, 14:07

Hi friends,

I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?

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Anderson S.
Lender
  • Atlanta GA, USA
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Anderson S.
Lender
  • Atlanta GA, USA
Replied May 15 2024, 15:13

Hi Victoria, we'd love to be a part of your journey as a new investor. Feel free to contact us for lending opportunities.

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Victoria Phifer
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Victoria Phifer
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Replied May 16 2024, 14:34

Thanks Anderson

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Erik Estrada
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#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
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Erik Estrada
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied May 16 2024, 15:33
Quote from @Victoria Phifer:

Hi friends,

I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?


 Hey Victoria, 

We offer loans to first time investors. A GC will be required if there is any rehab taking place. 

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David Pearl
Lender
  • Lender
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David Pearl
Lender
  • Lender
Replied May 16 2024, 17:19
Quote from @Victoria Phifer:

Hi friends,

I've called a few banks to find a lender but two banks-CapCenter and ArchWest don't lend to first time investors. CapCenter offers DSCR's but won't cover the construction poriton. Are you familiar with lenders who cover construction costs for first time investors?

 @Victoria Phifer - Hi Victoria. We offer Fix & Flip loans that can cover up to 90% of the purchase price and up to 100% of the rehab. We also work with first time investors. Happy to discuss. I will send you a private message now.