Loan scenario: CA, $150,000, 770, 42% LTV, Refinance, full, NOO
Property type: SF
Loan purpose: Refinance
Non Owner Condo San Diego 42% LTV
the loan was declined by Wells Fargo due to a high non owner occupancy in this complex.
I am looking for an A+ lender that will allow for this complex.
The owner occ rate is at 35%.
client is superb.
excellent income and assets!
Nice area in Little Italy of san Diego.
can you help?
Can you refer me to someone that can help?
by MikeD September 26, 2012 3:05 PM
If you need to go Hard Money, this deal looks like it would qualify under my residential pricing special. Pricing as low as 7.99%, but only good through Friday.
Give me a call or send me the loan package.
Sr. Account Executive
Athas Capital Group
by HardMoneyMN September 26, 2012 4:00 PM
Rates in the 7's. Private Money. Mine/Family.
I like the LTV. 35% OO does not scare me. No Points, if I make the loan, typically the least expensive Hard/Private money in California. (California, Only. No Land or Single Purpose).
by Commercialmoney4u September 27, 2012 10:46 AM
I can do a 8.99% on a 3 years fixed interest only due in 3 years with a 6 month prepayment penalty with a cost of 2.00% and $795.00 underwriting fee, no appraisal required and close within 7-10 business days.
Pouyan Broukhim---PB Financial Group Corp
323-935-5555 x 102 Office
866-318-4471 Direct Fax
PB Financial Group Corp 357614
Pouyan Broukhim 348736
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