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dealcloser8
42 Posts |
 Posted - 05/13/2008 : 1:14:26 PM
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Need a lender for this refi. r/t for this 5 residential units in Saratoga, CA
Loan amount $1.5 million
Appraisal value $2.5 million
LTV/CLTV: 60%
S/E, Fico 655/679
Total rent $11,000 per month
Do not meet standard Bank DSCR based upon $11K
The borrowers have sufficient personal income if allowed
Need rate to be 9.0% or below.
Please let me know if anyone would be interesting.
Howie
408-395-1410 x102
Howie@saratogabancorp.com |
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ccbank
1267 Posts |
Posted - 05/13/2008 : 9:07:17 PM
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| call me. |
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Mark_GMC
574 Posts |
Posted - 05/14/2008 : 12:42:07 PM
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We have a definite interest in your scenario, though well need a few additional details in order to provide the most accurate pricing and deal terms. Fortunately our online submission form takes only a minute to complete. Please find the link below and call if you have any questions.
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PinnaclePeters
1076 Posts |
Posted - 05/14/2008 : 3:46:15 PM
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| Fits my "Simple Doc" product. No Tax returns required, no 4506... |
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AndrewSoss
356 Posts |
Posted - 05/14/2008 : 5:20:57 PM
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quote:
Originally posted by dealcloser8
Need a lender for this refi. r/t for this 5 residential units in Saratoga, CA
Loan amount $1.5 million
Appraisal value $2.5 million
LTV/CLTV: 60%
S/E, Fico 655/679
Total rent $11,000 per month
Do not meet standard Bank DSCR based upon $11K
The borrowers have sufficient personal income if allowed
Need rate to be 9.0% or below.
Please let me know if anyone would be interesting.
Howie
408-395-1410 x102
Howie@saratogabancorp.com
Circle Bank |
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