Trevor Lilly

About

Trevor Lilly | NMLS #1556071
Loan Officer, Lending Spot
Licensed in Florida

DSCR, Investor and Self Employed Loans in Miami and Broward

Trevor Lilly is a mortgage loan officer at Lending Spot who works with real estate investors, developers and self employed borrowers in Miami Dade and Broward counties. He structures DSCR loans that qualify on a property’s rental income, fix and flip and ground up construction financing, and bank statement, 1099 and asset depletion loans for borrowers whose income doesn’t fit a standard W2 paycheck loan.

He also handles conventional, FHA, VA, jumbo and HELOC loans for everyday buyers and homeowners. Through Lending Spot’s network of more than 100 lenders, he looks for the lender whose guidelines fit the borrower and the property, instead of forcing the file into one bank’s rules.

Who Trevor Works With

• Real estate investors adding properties to a rental portfolio
• Developers building a home from the ground up
• Fix and flip investors who want to understand the draw process before they close
• Self employed borrowers and independent contractors paid on a 1099
• High net worth borrowers who want to qualify on their assets
• Buyers and homeowners in Miami Dade and Broward who need a conventional, FHA or VA loan

Loan Programs

Investor and business purpose financing

• DSCR loans (debt service coverage ratio)
• Fix and flip loans for renovation projects
• Ground up construction loans for new builds
• Bridge loans for time sensitive purchases
• Land loans for lot purchases

Self employed and alternative documentation

• Bank statement loans that qualify on deposits instead of tax returns
• 1099 loans for independent contractors and commission earners
• Profit and loss (P&L) statement loans for business owners
• Asset depletion loans that qualify high net worth borrowers on their assets instead of a paycheck

Home purchase and refinance

• Conventional and jumbo loans
• FHA loans
• VA loans for eligible veterans and service members
• Condo financing, including buildings with complex eligibility rules
• Refinance and cash out refinance
• HELOC and second mortgages to access equity without replacing the first mortgage
• Foreign national loans for buyers who live outside the U.S. and are not U.S. citizens or permanent residents

Program availability and qualification depend on the borrower, the property and the individual lender’s guidelines. Not all applicants will qualify.

How Trevor Works

Trevor starts with what the borrower is trying to do: the monthly payment they are comfortable with, the cash flow a rental needs to produce, the timeline, and how much risk they want to take. Then he matches the file to the loan built for it. A developer, a portfolio investor and a high net worth borrower each need a different structure, and he explains why in plain English.

From preapproval to closing, he keeps clients updated on rates, fees and timelines so they always know what comes next. He is also licensed in health and life insurance, which gives him a longer view of a client’s financial plan beyond a single transaction.

What Clients Say About Trevor

Read all Lending Spot client reviews on Google

Reviews are quoted from Google; “…” marks shortened text and punctuation is lightly edited. Each review reflects one person’s experience and is not a guarantee of approval, rate, terms or closing timeline.

Questions Trevor Helps Investors and Buyers Answer

• Understanding draws before closing. One of Trevor’s clients took a loan with another lender without understanding the draw process (how the money is released as work is completed) and ran into problems after closing. Fix and flip loans and ground up construction loans handle draws differently, so Trevor walks investors through how their draws will work before they sign.
• Buying one more rental property. An investor who already owns several rentals wants to add another. Instead of qualifying mainly on personal income and tax returns, a DSCR loan looks at whether the new property’s rent covers its payment, subject to lender guidelines.
• Income that doesn’t show on a W2. A bartender or independent contractor paid on a 1099 often doesn’t have the W2 and pay stubs a standard loan asks for. A 1099 or bank statement loan documents income the way it actually comes in.
• Condo rules in Miami. Condo rules can change which loans are available for a unit, so Trevor helps buyers understand the building’s eligibility before they write an offer.

Background

• Born and raised in Miami, Florida
• Business Administration degree from the University of Mount Union
• Member of the 2008 NCAA Division III Football National Championship team at Mount Union
• More than 13 years in the mortgage industry, including Associate Portfolio Manager at Bayview Loan Servicing (2012 to 2016) and Retail Mortgage Loan Officer at Lakeview Loan Servicing (2016 to 2025), now a Loan Officer at Lending Spot
• Licensed in health and life insurance

Areas Served

Miami Dade County, including Miami, Miami Beach, Hialeah and Homestead, and Broward County, including Plantation, Coral Springs, Tamarac and Oakland Park, Florida.

Licensing

Trevor Lilly, Loan Officer
NMLS #1556071
Lending Spot LLC, NMLS #2463121
Florida Mortgage Lender License #MLD2415
9655 S Dixie Hwy Suite 200, Pinecrest, FL 33156
Licensed in Florida
Verify NMLS #1556071 on NMLS Consumer Access
Equal Housing Opportunity

Let’s Talk About Your Financing

• Call or text: (786) 550 6117
• WhatsApp: (786) 550 6117
• Email: trevor@lendingspot.net
• Start an application with Trevor