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magicmn
2 Posts |
 Posted - 07/29/2008 : 5:20:43 PM
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| I have a client who has more than 10 financed properties. He has needs to refinance some of them rate and term. His FICO is 690. Full doc loan with ratios under 45%. The properties are located in Marin County in the San Francisco Bay Area. Are there any lenders who can loan on borrowers with more than 10 financed properties? The properties would have to be non owner. |
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chinitopaco
47 Posts |
Posted - 07/29/2008 : 11:47:40 PM
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We are a super jumbo loan advisory group that works with private investors and small banks that do not have a wholesale division. We can help you structure your loan scenarios so that investors/banks will consider them. When the loan is submitted, it will be under your company.
None of them have a stated program, but they do analyze income and scenarios using
"make sense" underwriting and work especially well with the self employed borrower.
We like borrowers that own lots of properties provided they are not over leveraged.
Marin County is also a place that our investors like
Programs are:
Full Doc
Asset Based (cross collateral)
Reduced Doc (bank statements) - up to $7MM
Max loan amount for one borrower up to $50MM
Not FICO driven
There isn't enough information in your post to say if it can be done. I have other questions that need to be answered before I can tell you what's possible.
Usually 1pt cost from investor
Max 1pt origination to the broker and there is no YSP
5/6 Arm
7/6 Arm
30 Year Fixed
IO or 40 year amortization possible
Most programs have a 3 year prepay, but it can be bought out
Residential Loans
Commercial Loans
Construction Loans
Apartment Loans
If you want more information, feel free to contact me.
Phone 858-663-1842
Thanks.
Keith Tong
Managing Partner
Super Jumbo Advisory Experts
Email: keith@superjumboae.com
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