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 Search for: Stand Alone 2nd Needed to 50% CLTV.
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Tjapukai

17 Posts

Posted - 05/14/2008 :  7:53:29 PM
This seems like a no brainer, but with the lenders wanting to have 1st and 2nd position on homes I am actually having some difficulty placing this. The first is a private loan at 4.75% for 30 years so i cannot touch that. I need a 2nd for $200K which will result in under 50% CLTV. 750 FICO self employed so stated income verified assets. Any suggestions.

Thank,
Greg
privatecash

1512 Posts

Posted - 05/14/2008 :  9:11:45 PM
We have private investors who can do this loan (if it's in CA) and you can't find an institutional lender. Email details for pricing.
Jack Straw

1096 Posts

Posted - 05/14/2008 :  11:04:33 PM
Sounds like a very doable deal.

Best Regards,

Gillee Sherman, California Equity Lenders, Inc.
(818) 584-2318 - Direct
(818) 522-9307 - Cell
(818) 337-2262 - Fax
gillee@calequitylenders.com
www.calequitylenders.com
Easy ‘Hard’ Money for the 21st Century
Equitybased

722 Posts

Posted - 05/15/2008 :  07:24:25 AM
IT IS A NO BRAINER! Call me anytime to go over the quote.
robertk

209 Posts

Posted - 05/15/2008 :  09:52:19 AM
Email me 1003,1008,credit, appraisal for pricing
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sam@jafinanciali

120 Posts

Posted - 05/15/2008 :  12:07:04 PM
Call me on this one.

J.A. Financial HARD MONEY (A Direct Lender)30+ years of superior service

DIRECT LENDERS (In-House Doc Drawing and Servicing) 4 DAYS FUNDING


-No Broker Package Required
-Full Doc, SISA, NO DOC, NO RATIO, BANK STATEMENTS OK
-NO Minimum Points Charged!!!
-NO MINIMUM FICO
-NO PRE-PAYMENT PENALTY
-No Seasoning Required
-NO Buyback Clause
-NO Appraisal Required
-1st or 2nd Lien Position
-Listed Properties OK
-NOD OK, Bailouts OK, Bankruptcy OK, Foreclosure OK
-Cross-Collateralization OK
-Owner occupied, Non owner Occupied
-Helocs
-Interest Only Loans
-Lending from 10k to 5 MILLION
-All California Counties
-7-UNIT Properties OK.
-Short Term Bridge loans
-65% LTV or below, NO CATCH.
CALIFORNIA ONLY

Sam
Senior Account Manager

Office: 408-426-4789
Fax: 408-904-5793
Email: sam@jafinancialinc.com
JA FINANCIAL
1901 S. Bascom Ave, Suite 1200
Campbell, CA 95008
www.jalending.com
www.jafinancialinc.com

PBFinancial

305 Posts

Posted - 05/15/2008 :  5:21:58 PM
11.50% on 40 year fully amortized fixed due in 10 with 3 month prepayment penalty with a cost of 3.50% and $695 underwriting close within 5-10 business days.

If you have any questions call me at 310-289-0900 x 102 or e-mail me at pbroukhim@pbfinancialgrp.com
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