yuhri7
79 Posts |
 Posted - 05/05/2008 : 1:04:11 PM
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I would love to have a shot at your deals; we are a direct lender based in San Diego and we can definitely do things that other lenders are not doing anymore: NODs,2nd HELOCs, 1st open and close ended, etc...
Our turnaround time for approval is 24 hours and all we really need to get your file to UW is a 1003, 1008 and credit report (appraisal and title if possible). max CLTV is 65% right now!
Here is a summary of who we are:
Unifund Financial Group is a hard money lender currently lending in California, Nevada, Oregon, Idaho, Colorado, 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 points.
- First Hard Money HELOCs up to $450,000, no prepay, rate = 12.99% and up, broker can make up to 5 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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