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flexenfinancial
75 Posts |
 Posted - 05/09/2008 : 3:32:15 PM
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DISCLAIMER: This topic contains co-broker related content. Please note that the term co-brokering is often used in inquires that involve illegal fee splitting or kick backs. This site does not condone these activities. Details related to Respa Section 8 violations can be found here. If you feel the content of this topic may be in violation of any law, please report it to the moderator by clicking the red notification icon above. Thank You.
looking for a lender that loans up to 11 million on a refi. sfr non owner. great credit and financials 60 % ltv, property is beachfront in california. rate and program don't matter. I need a lender not co broker...... |
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dkendall1979
9487 Posts |
Posted - 05/09/2008 : 3:37:10 PM
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| Hate to sound like a smatazz, but if you are looking for a "lender" for this on BO, you could probably use a solid co-broker. |
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Reegor
451 Posts |
Posted - 05/09/2008 : 3:39:42 PM
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LOL
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mantixmortgage
2714 Posts |
Posted - 05/09/2008 : 3:41:08 PM
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you wouldn't look at this one dave?
here send me the file, i'll try and cobroker it through dave and get 9.9 for you maybe. the borrower might have to come in with more cash though. |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 3:43:09 PM
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quote:
Originally posted by dkendall1979
Hate to sound like a smatazz, but if you are looking for a "lender" for this on BO, you could probably use a solid co-broker.
I do believe that I have saw some lenders on BO also. I would be willing to co broker however that is not possible in the current situation. so thanks for you input. |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 3:44:35 PM
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quote:
Originally posted by mantixmortgage
you wouldn't look at this one dave?
here send me the file, i'll try and cobroker it through dave and get 9.9 for you maybe. the borrower might have to come in with more cash though.
sure i will send it right over. what is you address i will send it burro express.... |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 3:49:50 PM
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quote:
Originally posted by mantixmortgage
you wouldn't look at this one dave?
here send me the file, i'll try and cobroker it through dave and get 9.9 for you maybe. the borrower might have to come in with more cash though.
DISCLAIMER: This topic contains co-broker related content. Please note that the term co-brokering is often used in inquires that involve illegal fee splitting or kick backs. This site does not condone these activities. Details related to Respa Section 8 violations can be found here. If you feel the content of this topic may be in violation of any law, please report it to the moderator by clicking the red notification icon above. Thank You |
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rob24
112 Posts |
Posted - 05/09/2008 : 3:56:59 PM
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| We have a source that can lend up to 20 million. I sent you an e-mail with information. |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 4:00:44 PM
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| Thanks rob, I was hoping all the people here are not smartazz people. |
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dkendall1979
9487 Posts |
Posted - 05/09/2008 : 4:29:58 PM
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Think about it.
Guys putting $4.4M down on a house
Great financials
Great Credit
Obviously great assets.
If you don't already know what to do with this file, it's not worth the weight of paper it took to put it together. Hell, Thornburg would probably fund this file for you!
Wells Fargo
Bank of America
Bank New York
Wachovia
Thornburg
Chase
GMAC
Countrywide
Take your pick!
So now, why are you on BO looking for a lender? |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 4:40:20 PM
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apparently you didn't read it completely, refi, non owner, loan amount is high and it is cash out.... I thought I would check on BO to give some business on here to a lender. so smartazz find another post to waste you time on mr. suntrust..... and spoke to all those banks and no go with cashout.
quote:
Originally posted by dkendall1979
Think about it.
Guys putting $4.4M down on a house
Great financials
Great Credit
Obviously great assets.
If you don't already know what to do with this file, it's not worth the weight of paper it took to put it together. Hell, Thornburg would probably fund this file for you!
Wells Fargo
Bank of America
Bank New York
Wachovia
Thornburg
Chase
GMAC
Countrywide
Take your pick!
So now, why are you on BO looking for a lender?
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clkballa
76 Posts |
Posted - 05/09/2008 : 4:59:29 PM
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| Sent you an email. Contact that guy. |
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flexenfinancial
75 Posts |
Posted - 05/09/2008 : 5:04:39 PM
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| i would like to thank the people that help, won't forget it. |
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dkendall1979
9487 Posts |
Posted - 05/09/2008 : 5:08:01 PM
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Exactly my point. I assure you the banks I listed will do this loan, if the way you presented it is fact.
The one's that sent you emails, are not your ally. That much I am sure of.
quote:
Originally posted by flexenfinancial
apparently you didn't read it completely, refi, non owner, loan amount is high and it is cash out.... I thought I would check on BO to give some business on here to a lender. so smartazz find another post to waste you time on mr. suntrust..... and spoke to all those banks and no go with cashout.
quote:
Originally posted by dkendall1979
Think about it.
Guys putting $4.4M down on a house
Great financials
Great Credit
Obviously great assets.
If you don't already know what to do with this file, it's not worth the weight of paper it took to put it together. Hell, Thornburg would probably fund this file for you!
Wells Fargo
Bank of America
Bank New York
Wachovia
Thornburg
Chase
GMAC
Countrywide
Take your pick!
So now, why are you on BO looking for a lender?
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mantixmortgage
2714 Posts |
Posted - 05/09/2008 : 5:12:49 PM
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try phoenix funding, they used to advertise big loans like this
if those big banks really said no already. |
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clkballa
76 Posts |
Posted - 05/09/2008 : 5:15:49 PM
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In all fairness, I have no problem sharing my contact. It's Dan Harris at Lender Inc. They are a correspondent lender, not direct, but whatever deals I have that are jumbo, he's been able to make it happen. On the "off" chance that those banks you listed can't do it, there's other ones that are not in the mind's of most brokers/lo's that are able. Instead of having him spinning his wheels for hours, I'm just saving him some time.
Not an ally? EPlease explain further. |
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clkballa
76 Posts |
Posted - 05/09/2008 : 5:16:50 PM
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Rob,
You scared at all about the game today? |
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mdiclemente
1015 Posts |
Posted - 05/09/2008 : 5:19:07 PM
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| check with Kyle Hufford |
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mantixmortgage
2714 Posts |
Posted - 05/09/2008 : 5:20:56 PM
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no not really, i think they will be looking forward to the challenge. they just need to come out swinging and they will be fine.
plus i need to keep my signature unblemished! |
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Quicksilver
4526 Posts |
Posted - 05/09/2008 : 5:46:43 PM
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quote:
Originally posted by flexenfinancial
apparently you didn't read it completely, refi, non owner, loan amount is high and it is cash out.... I thought I would check on BO to give some business on here to a lender. so smartazz find another post to waste you time on mr. suntrust..... and spoke to all those banks and no go with cashout.
quote:
Originally posted by dkendall1979
Think about it.
Guys putting $4.4M down on a house
Great financials
Great Credit
Obviously great assets.
If you don't already know what to do with this file, it's not worth the weight of paper it took to put it together. Hell, Thornburg would probably fund this file for you!
Wells Fargo
Bank of America
Bank New York
Wachovia
Thornburg
Chase
GMAC
Countrywide
Take your pick!
So now, why are you on BO looking for a lender?
You have to talk to the private banking departments, if you talk to normal person in the bank like just calling up BoA they won't know squat, most don't even know what the private banking side does lol. I deal directly with BNY on 10+ million and they will do cashout, although mine were full doc, stated still doable I believe at slightly lower ltv. But if your looking just for a lender to do it, not going to fly with above institutions unless he's willing to pledge or moves liquid assets over, BNY for example is big on managing assets. |
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dkendall1979
9487 Posts |
Posted - 05/09/2008 : 5:47:20 PM
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Ok, well. Even if the end lender issues a CTC on a 6.6M dollar investment loan, if something should go array and Dan Harris is left holding this loan on his line, he's in a bad situation. A very bad one in this market. If he's truly corr with one of the investors that closes trophy residential, then he's pretty much the 1 corr lender left in the US.
Our company has a net-worth of 10x's this loan amount and we cannot even get a corr line that would support funding a 6.6M dollar loan right now.
So, even though it may be your intention to assist, the fact is that Lender Inc has given you false information. Lender Inc, who I cannot find any information on, is not going to fund this loan. He "MIGHT" co-broker it to the right place, if he packages it correctly and doesn't shop it to death, and he "MIGHT" even pay the OP, but funding it... No.
quote:
Originally posted by clkballa
In all fairness, I have no problem sharing my contact. It's Dan Harris at Lender Inc. They are a correspondent lender, not direct, but whatever deals I have that are jumbo, he's been able to make it happen. On the "off" chance that those banks you listed can't do it, there's other ones that are not in the mind's of most brokers/lo's that are able. Instead of having him spinning his wheels for hours, I'm just saving him some time.
Not an ally? EPlease explain further.
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rob24
112 Posts |
Posted - 05/09/2008 : 5:59:09 PM
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quote:
Originally posted by clkballa
Rob,
You scared at all about the game today?
Kinda, this is utahs best opportunity to win a game but im thinking lakers in 5 or 6. I'm assuming your talking about the laker game? |
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KHufford
5701 Posts |
Posted - 05/09/2008 : 6:45:34 PM
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quote:
Originally posted by dkendall1979
Hate to sound like a smatazz, but if you are looking for a "lender" for this on BO, you could probably use a solid co-broker.
Word up!
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KHufford
5701 Posts |
Posted - 05/09/2008 : 6:50:37 PM
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quote:
Originally posted by mdiclemente
check with Kyle Hufford
Thanks Mike,
We do have an investor group that uses private equity for these that you cannot place conventionally. Just out of curiosity why did you say this loan was not possible to "co broker" ?
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clkballa
76 Posts |
Posted - 05/09/2008 : 7:32:35 PM
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| yeah Lakers game. Hey is it me or has Pau Gasol progressively played softer and softer with every passing playoff game? |
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KHufford
5701 Posts |
Posted - 05/09/2008 : 7:58:04 PM
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quote:
Originally posted by clkballa
yeah Lakers game. Hey is it me or has Pau Gasol progressively played softer and softer with every passing playoff game?
Come on dude. You are hijacking this guys topic...
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mantixmortgage
2714 Posts |
Posted - 05/10/2008 : 01:37:01 AM
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| lakers > this guy's topic |
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acassociate
191 Posts |
Posted - 05/10/2008 : 07:23:49 AM
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TRY PCG THE CAN DO LARGE LOANS... 619.253.4264
quote:
Originally posted by flexenfinancial
looking for a lender that loans up to 11 million on a refi. sfr non owner. great credit and financials 60 % ltv, property is beachfront in california. rate and program don't matter. I need a lender not co broker......
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cspatmon
1650 Posts |
Posted - 05/13/2008 : 5:53:57 PM
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| It never fails to amaze me. You try your best to give the facts of the matter to the inquirer.... If it's not what they want to hear they're insulted. I say let the person go down the road. Ruining his reputation . I would not take a deal such as that and not know how to cast. |
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