Our multifamily real estate developer client got incredible terms on this new construction loan. Construction is scheduled to start in the next 30-45 days and will take around 10 months to complete. #inabnetfunds #inabnetbrand
Inabnet Funds
Financial Services
Austin, TX 426 followers
Multifamily real estate lender of bridge, construction and refi loans in San Diego, CA; Austin, TX or Tampa, FL.
About us
Multifamily real estate lender that meets a specific multifamily project's funding needs. Bridge, construction and refi loans available. We strive to be involved in cities that are experiencing extreme real estate development growth. Locations of focus: San Diego, CA; Austin, TX and Tampa, FL
- Website
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www.inabnetfunds.com
External link for Inabnet Funds
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Austin, TX
- Type
- Privately Held
- Founded
- 2023
- Specialties
- real estate funding and underwriting
Locations
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Primary
Austin, TX, US
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Tampa, FL, US
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San Diego, CA, US
Employees at Inabnet Funds
Updates
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Additional Clarifications on April 2024 Terms: - Funding within 30 days of plan approval date with City confirmation - 18 months term minimum - 36 month term max - 1-3 points #inabnetfunds #inabnetbrand
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Initial Qualification Requirements: - 700 minimum credit score - 6 months of interest payments in cash reserves - 3+ multifamily development projects completed in the past 48 months of 5 units or more per deal #inabnetfunds #inabnetbrand #multifamilyrealestate
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Before lending money for a multifamily construction project, we conduct credit and background checks on the borrower to assess their financial stability and creditworthiness. This helps mitigate risks associated with the loan and ensures that the borrower has the capacity to repay the funds according to the terms of the agreement. #inabnetfunds #inabnetbrand #inabnet
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Funding a construction advancement before the project starts for a multifamily construction project typically involves securing financing through sources like construction loans or private equity investments. This funding is essential for covering initial costs such as land acquisition, architectural designs, permits, and pre-construction expenses before construction begins. #inabnetfunds #inabnetbrand #inabnet
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We offer cash back options during the funding of multifamily a construction loan should you have a substantial amount of equity in your deal. #inabnetfunds #inabnetbrand #inabnet #multifamilylending
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Initial items needed to underwrite your multifamily deal in #sandiego #austin #tampabay: - Full track record of completed projects - Ballpark credit score - Amount of cash reserves on hand - Project Information: address, purchase price, construction amount, end value #inabnetfunds #inabnetbrand #inabnet
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We are a multifamily debt funds lender specializing in multifamily development projects. We offer bridge, construction and refinance loans for new construction projects that have 5 units and above #inabnetfunds #inabnetbrand #inabnet
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You aren't a real estate developer but know someone that is? Our referral agreement is structured just for you. Email info@inabnetfunds.com for inquiries. #inabnetfunds #inabnetbrand #multifamilylending