Mortgage Grapevine

Loan scenario: MD, $$1.4M, 700, 70% LTV, Purchase, full, NOO

State: MD

Amount: $1.4M

Property type: MF

Documentation: full

FICO: 700

LTV: 70%

Occupancy: NOO

Loan purpose: Purchase


I hae a borrower looking buying

1.$2M property

2. The property is 12 townhomes and 2 businesses all income producing.

3. Buyers have $600,000 (30%) down payment.

4. NOT looking for hard money.

5. Looking for a more traditional type loan rates.

Any help here?

KAZ

email: skazmarek@earthlink.net

Cell; 443 739 6847
by KAZ November 2, 2012 8:09 PM

We are brokers, but have a wholesale relationship with a national lender that may be able to do this loan. They would need for the business' rental income to be 20% or less of the total rental income on the property. Among other things, they can go as high as 80% LTV on a purcahse. If this helps, Their rates would be in the high 3's to low 4's depending on the arm program. We will also split any revenue with you, if you are interested we can send you the exact guidelines that need to be met. Please feel free to visit our website at www.jwfunding.com and/or email us at waoconnell@yahoo.com. Good Luck.
by waoconnell November 5, 2012 9:49 AM

We are brokers, but have a wholesale relationship with a national lender that may be able to do this loan. They would need for the business' rental income to be 20% or less of the total rental income on the property. Among other things, they can go as high as 80% LTV on a purcahse. If this helps, Their rates would be in the high 3's to low 4's depending on the arm program. We will also split any revenue with you, if you are interested we can send you the exact guidelines that need to be met. Please feel free to visit our website at www.jwfunding.com and/or email us at waoconnell@yahoo.com. Good Luck.
by waoconnell November 5, 2012 9:50 AM

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