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joshuabarton
3 Posts |
 Posted - 03/27/2008 : 6:43:43 PM
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Need to find lenders for this deal and similar:
Full Doc SE Borrower (17% DTI)
R&T Refi
O/O SFR
4.5 Million LA
7.5 Million Appraised Value
700 Fico
SFR in Super Prestigious Zip Code
Need 5/1 (IO Possible?)
HELP! Need answer fast - thank you very much in advance for reccos on lenders who deal w/ this LA/LTV combo for high net worth borrowers. (Also thanks to those who made reccos on the construction deal i posted earlier in the week, this is a completely new deal looking for R&T lender not specialized construction) |
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directlending2u
436 Posts |
Posted - 03/27/2008 : 6:45:41 PM
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did you look at ingloans.com
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joshuabarton
3 Posts |
Posted - 03/27/2008 : 6:47:03 PM
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Yes, thank you -- they are capped @ 2mill per guideline.
quote:
Originally posted by directlending2u
did you look at ingloans.com
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fastcash
46 Posts |
Posted - 03/27/2008 : 8:15:39 PM
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| What kind of cost and rate? |
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dkny
135 Posts |
Posted - 03/27/2008 : 8:30:54 PM
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| I just sent you an e-mail. |
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KHufford
3037 Posts |
Posted - 03/27/2008 : 9:22:26 PM
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why are they wanting a rate and term refi?
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BigFire
2495 Posts |
Posted - 03/27/2008 : 10:06:13 PM
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| many questions - reserves? Last time financed? Call to discuss, thanks, Jay 310.498.2332, Jay |
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directlending2u
436 Posts |
Posted - 03/28/2008 : 12:24:10 AM
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check out LUXMAX
there a super jumbo lender
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skyviewmtg
173 Posts |
Posted - 03/28/2008 : 11:02:21 AM
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| i have a lender, let me know if u cant find, rates will be around 6% 5/1 arm i/o. |
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SuperJumboAE
76 Posts |
Posted - 04/01/2008 : 12:30:55 AM
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We are a portfolio lender that specializes in Super Jumbo Loans ($1M to $65M).
Our underwriters look at many different ways to make a loan work – especially with income. Our investors understand the self employed borrower and can often give them credit for income that others might not. When borrowers DTI requirement is a little over limits, we look at other ways to make the loan work – like cross collateralizing properties.
- Service and keep 100% of the loans we do
- Federally Chartered Bank
- We are not a hard money lender – rates usually between 6.25% and 7.25%
- No Prepayment Penalties
Here are some of our other niches:
Great at Super Jumbos over $2M, otherwise your basic lenders can get in the mix like Wells, Citi, Countrywide etc…
- 80% LTV depending on the merit of the borrower
- 65% on any size loan – larger loans will not shrink this LTV
- Cross collateralize other properties to make loans work
- NOT FICO driven as long as we can provide LOEs that make sense – so $1.5M loan with 600 FICO and Wells Private Money won’t do, we might…
- Single Family, Multi Unit, O/O, NOO, 2nd homes
If you have any questions, let me know.
Thanks.
Keith Tong
Super Jumbo AE
The Super Jumbo Loan Specialists
243 N Coast Hwy 101, Suite 18
Solana Beach, CA 92075
Office: 858-345-1210
Fax: 858-345-1170
Cell: 858-663-1842
Email: keith@teamkeith.com
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