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brokermojo
12 Posts |
 Posted - 11/06/2007 : 08:56:24 AM
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| Need wholesale lender to fund a $3.5M,SIVA, 79% CLTV, SFR, OO, R/T refi, 700+ FICO, Strong Reserves, in CA. I need a lender that might be able to do this an exception. Client needs and option arm. Please email brokermojo@yahoo.com ASAP...Thank you. |
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Financial_Leader
41 Posts |
Posted - 11/06/2007 : 6:34:01 PM
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I may be able to help out. When you get the chance please do contact me. I have a direct connection to private money sources that will fund these types of loans. The parameters of said program are:
SIVA Power Option Arms From $1,500,000-$5,000,000
80% Purchase or Refinance
Full Doc 640 minimum score
SIVA 670 minimum score
No adjustments to rate and or LTV on N/O/O
Pay Option ARM to 80%
Start Rate is 1.0%-1.5%.
Note rate MTA + 2.5% with a 1yr prepay
5/1 Interest Only ARM to 80% @ 6.5% with a 1 year prepay
30 yr fixed with 10 yr Interest Only under 7%
Full Doc Option Arm From $5,000,000-$20,000,000
Option Arm Product Up To 70% LTV
Start Rates from (1.0% to 2.50%)
Margins from (2.20% to 4.25%)
Fully Indexed Rates from (5.06% to 8.85%) MTA & Libor
Interest Only from (6.50% to 8.255%)
115.0% NEG-AM CAP
7.5% Payment Cap for the first 5 years
Refinance or Purchase
No Pre Paid Penalty
Interest Only Product $5,000,000-$20,000,000
5/1 Interest Only at 6.5%
Up To 70% LTV
No Pre Paid Penalty
SISA Program
5/1 Interest Only
States Income Stated Assets
$1,000,000-$3,000,000 Streamline Portfolio Investor Program
2 weeks to close from file submission
700 minimum score
30 Year Interest Only $5,000,000+
9.0%
No Pre Payment Penalty
80% Max LTV
No Limit On Cash Out Refinances
Will lend in all Fifty States
They do not care if it is an O/O or N/O/O property
And it can be Full Doc or SIVA
NINA and Construction Loans are on a case by case scenario
Now they only care about a few things: if there is equity in the property, credit, and assets. If this is of any interest to you or your borrowers please contact me at Financial_Leader@hotmail.com
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Donald1955
6067 Posts |
Posted - 11/06/2007 : 8:24:12 PM
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Try Jonathan Dinelli
jonathan@trivalleyil.com |
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