Mortgage Grapevine

Loan scenario: CA, $150,000, 770, 42% LTV, Refinance, full, NOO

State: CA

Amount: 150,000

Property type: SF

Documentation: full

FICO: 770

LTV: 42%

Occupancy: NOO

Loan purpose: Refinance

Non Owner Condo San Diego 42% LTV
A+ borrower
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.


Marc Noddle
Sr. Account Executive
Athas Capital Group
NMLS #290322

877-877-1477 x206

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).

Chris Flindt

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.

Thank you

Pouyan Broukhim---PB Financial Group Corp
323-935-5555 x 102 Office
866-318-4471 Direct Fax
Click Here
PB Financial Group Corp 357614
Pouyan Broukhim 348736
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