yuhri7
79 Posts |
 Posted - 01/15/2008 : 12:12:54 PM
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We are a portfolio lender based in San Diego and since we are the direct investors, we can tell you within 24 hours if your deal is going to work or not!
No need of ordering an appraisal to get an approval: all I need to submit your loan is a 1003, 1008 and credit. Now the more info you have the better it is!
We also use cross-collateral properties to make deals work so give me a call even if you are not sure how to structure a deal...I am always available to help.
Here is a summary of who we are:
Unifund Financial Group is a hard money lender currently lending in California, Nevada, Arizona, Oregon, Idaho, Colorado, New Mexico, Washington and Utah. We offer traditional hard money first trust deeds as well as a hard money H.E.L.O.C. that can salvage deals that may have been lost otherwise. These loans are not FICO driven, but rather based on equity in the prospective property. The H.E.L.O.C. is a unique second that allows brokers and officers to receive higher commissions than are normally associated with seconds. We are also funding loans for commercial deals. We portfolio our own loans so we are not affected by the credit crunch that is happening. And with all the subprime fallouts, we will be one of the best options out there.
If you have any questions please call me at 619.573.0289 or send an email to amar@unifundloan.com
Here's a breakdown of what we do:
- H.E.L.O.C . up to $150,000, 7 yrs term, NO PREPAY, you can make up to 7 points with YSP.
- First Hard Money liens up to $450,000, 6 months to one year prepay, rate = 11.99%, we will pay you up to 2.49 points.
- Commercial loans up to $8 Millions in Southern California and Nevada only, rates from 11% to 16%, points between 3% and 6%.
I am always available for scenarios and questions. Feel free to run them by me!
Regards,
Amar Harrag
Unifund Financial Group
3694 Midway Drive, Suite B
San Diego, CA 92110
ph: 619.573.0289
fx: 619.866.3017 |
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