A rising star in the world of California real estate, Ryan has literally done it all—from brokering a billion dollars in mortgage transactions to engineering and helming large scale construction projects. He was ranked a Top Producer in the country for five years and was the #1 Top Originator in California for four. But Ryan saw a different path moving forward and consequently decided that the country was ready for a brand new CRE investing mindset.
Ryan Garland
Fix & Flips Loans
Investors can purchase a distressed property or fixer-upper, with the intention of ‘fixing’ the damage and improving its look. The ultimate goal is for the investor to sell or rent the property under the following three conditions:
- Minimize the renovation expense as much as possible.
- Maximize the market value of the property.
- Retain the property for the shortest possible time.
DSCR Loans
A DSCR loan qualifies borrowers through an investment property’s cash flow rather than the borrower’s income. DSCR loans are frequently used by real estate investors to qualify for mortgages and buy investment properties.
Here’s how DSCR is calculated:
The higher the DSCR, the better the ratio. A DSCR above 1 means that an investment property has positive cash flow and enough net operating income to cover its debts. A DSCR below 1 means it has a negative cash flow, and not enough income to pay its debts. As a rule, anything above 1.25 is considered a good DSCR.
Bridge Loans
Real estate bridge loans are short-term loans. Their typical duration is between twelve and thirty-six months. Bridge loans are typically secured by real estate assets. They allow Borrowers to fast track access to capital but at a higher interest rate.
Construction Loans
A home construction loan is used to cover the costs of building a home. Once the funds from the construction loan have been used and the house has been built, these loans are typically converted or refinanced into a standard, long-term mortgage loan.
If you want to build a brand-new house from the ground up but don’t have the funds to do so out of pocket, a construction loan will likely be your best option.
Fix and Flip Loans
Locations: Nationwide
Property: Non-Owner Occupied SFR 1-4, Multi-Family
Term: 12-18 month
Loan Amount: $100,000 to $10 Million
Interest Only Starting at: 11%
Loan to Value: 75-80% Purchase
Rehab Funds: 100%
Max After Repair Value: 70% ARV
No Pre-Payment Penalty
Terms based on experience
Bridge Loans
Locations: Nationwide
Property: Residential and Commercial
Owner* and Non-Owner Occupied
Term: 12-36 Months Initial Term
Loan Amount: $100,000 to $50 Million
Interest Only Starting at: 11%
Loan to Value: 75-80% Purchase
No Pre-Payment Penalty
Construction Loans
Locations: Nationwide
Seasoned Investors with a proven track record of 2+
Property: Residential and Commercial
Term: 12 – 18 Months
Loan Amount: $250,000 – $20 Million
LTC: 75% of Total Project Cost
Interest Only Starting at: 11%
No Pre-Payment Penalty
No Pre – Pay Penalty
DSCR Loans
Locations: Major Metro Areas
Property: Non-Owner Occupied
Term: 30 years
Loan Amount: $100,000 to $2 Million
Interest Only Starting at: 7.5%
Loan to Value: 75% to 80% Purchase, 70% Cash-out
SFR: 1-4 units
Prepayment Option For Better Pricing
FICO: 680 min
Paradyme Funding Inc. | NMLS #1945541 | DRE #02014656
Temecula, CA.
Nashville, TN.
+1 (866) 218-4739
loans@paradymefunding.com