Mortgage Grapevine
Loan scenario: CA, $145,000, 790, 42% LTV, Refinance, full, NOO
State: CA
Amount: 145,000
Property type: CON
Documentation: full
FICO: 790
LTV: 42%
Occupancy: NOO
Loan purpose: Refinance
Non Owner Condo San Diego 42% LTV
A+ borrower
the loan was declined by Fannie due to a high concentration of loans in this complex.
I am looking for an A+ lender that will allow for this complex.
client is superb.
excellent income and assets!
can you help?
Can you refer me to someone that can help?
by MikeD September 24, 2012 1:18 PM
Mike,
If you can't find an A+ conventional lender who can do this loan, please give me a call. Athas Capital Group is an A+ Hard Money Lender. Pending review of the loan package, this borrower may qualify for my pricing special (good through Sept. 28), with rates as low as 7.99% for this specific borrower.
We charge no upfront fees and use our own money to finance our deals - no shopping for an individual investor to close your loans!
Thank you!
Marc Noddle
Sr. Account Executive
Athas Capital Group
877-877-1477 x206
Mnoddle@athascapital.com
www.athascapital.com
by HardMoneyMN September 24, 2012 1:34 PM
I can do a 9.50% on a 3 year fixed IO due in 3 years with a 6 month prepayment penalty with a cost of 1.50%. You don't have to take a two year prepayment penalty so the borrower can refinance once their situation gets better.
Thank you,
Pouyan Broukhim---PB Financial Group Corp
323-935-5555 x 102 Office
866-318-4471 Direct Fax
info@pbfinancialgrp.com
http://www.pbfinancialgrp.com
PB Financial Group Corp 357614
Pouyan Broukhim 348736
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Thanks
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