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ryan@familylendi
19 Posts |
 Posted - 03/13/2008 : 3:28:12 PM
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SFR- construction Loan
In California
Has $5 Mil in Stocks/bonds= $20,546 monthly income based on 2.9% annuities return
Retired- full doc
Appraised at 1.3 mil
70% of 1.3 gives a loan amount of $910,000.
Mid Fico 585
DTI 30/41.
Looking for Par pricing and pricing with 1pt rebate.
Thank you.
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KHufford
4303 Posts |
Posted - 03/13/2008 : 4:10:34 PM
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| You need hard money |
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cpfcoello
27 Posts |
Posted - 03/13/2008 : 4:32:11 PM
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KHufford Posted - 03/13/2008 : 4:10 PM
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You need hard money
Yes you do, and I would not be expecting any YSP on that either... |
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directlending2u
436 Posts |
Posted - 03/13/2008 : 4:33:27 PM
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| Kyle is more than likely correct on this one , the fico score doesnt qualify you for conventional lending . although you may check with flagstar , but otherwise your looking for a loan that would not be conventional but Hard money |
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aaron1976
381 Posts |
Posted - 03/17/2008 : 03:10:57 AM
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This is definitely a hard money deal. Please see my rates below:
65-70% 9.99-10.99% 70-75% 11.99% 75-80% 14.99%
I have access to a pool of investors drawing on international hedge funds to fund loans. There is no YSP but I have direct negotiating power with the investors. Give me a call or email me for more information.
Aaron Cirlin
818-590-4288
aaronc1976@hotmail.com |
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