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mjs0325
193 Posts |
 Posted - 07/30/2008 : 12:58:32 PM
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I have a client who is a Foreign National (No Greencard, Only a Visa) who is looking to purchase a property (SFR) with a loan amount of $1M putting about 30-40% Down. Any suggestions?
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carolmartinez
5 Posts |
Posted - 07/30/2008 : 1:02:51 PM
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I just contacted 1st bank of florida they will do it. Joe 305-519-4415quote:
Originally posted by mjs0325
I have a client who is a Foreign National (No Greencard, Only a Visa) who is looking to purchase a property (SFR) with a loan amount of $1M putting about 30-40% Down. Any suggestions?
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meridian1
376 Posts |
Posted - 07/30/2008 : 1:32:20 PM
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| Does 1st bank of florida have a wholesale division?? |
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carolmartinez
5 Posts |
Posted - 07/30/2008 : 1:36:41 PM
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yeap, call Joe V.P. he will send package you have toget approved. Thisis the onlylender doing 65% condo and 70-75% sfr. Hope this helps everyone, it took me an entire day to find someone that will take more than 50-60% LTV good luck!quote:
Originally posted by meridian1
Does 1st bank of florida have a wholesale division??
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mjs0325
193 Posts |
Posted - 07/30/2008 : 1:44:45 PM
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| Thanks so much. |
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PBFinancial
429 Posts |
Posted - 07/30/2008 : 4:53:59 PM
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IF the property is in California. I would be very interested.
Pouyan Broukhim
PB Financial Group Corp
310-289-0900 x 102 Office
866-318-4471 Direct Fax
PBroukhim@PBFinancialGrp.com |
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carolmartinez
5 Posts |
Posted - 07/30/2008 : 5:16:32 PM
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Nope in Florida, thanks anyhow. quote:
Originally posted by PBFinancial
IF the property is in California. I would be very interested.
Pouyan Broukhim
PB Financial Group Corp
310-289-0900 x 102 Office
866-318-4471 Direct Fax
PBroukhim@PBFinancialGrp.com
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dwmordue
430 Posts |
Posted - 07/30/2008 : 6:23:11 PM
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World/Wachovia had a program up until last thursday. I just had to give one that I was working on to their local retail branch because the buyer was trying to get a shortsale and the lender didn't respond before the cut-off date for submissions 7/24.
HSBC has a good program. I believe they go to 65%. All 50 states.
Assuming they are still doing wholesale..... |
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mjs0325
193 Posts |
Posted - 07/31/2008 : 09:07:54 AM
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| bump |
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mjs0325
193 Posts |
Posted - 07/31/2008 : 11:38:44 AM
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| bump |
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mjs0325
193 Posts |
Posted - 07/31/2008 : 11:50:27 AM
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| By the way, HSBC only does Foreign National loans on the retail side.........not wholesale. |
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livietta78
91 Posts |
Posted - 07/31/2008 : 12:21:21 PM
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Just Beware!!! We've worked with 1st Bank of FL and they may say that's what their guideline is, but they "counter offered" my deal on a SFR cutting the LTV from 75% to 55% at the last minute. This now has me scrambling to find another FN lender at the last minute.
Also, heads up for you- they are VERY slow and it will take you at least 6 weeks to close. Hope you have a VERY gracious title company, realtor and borrower on your side!!!
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mjs0325
193 Posts |
Posted - 07/31/2008 : 2:26:02 PM
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| okay then..........anyone else out there that can help with this? |
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mjs0325
193 Posts |
Posted - 08/01/2008 : 10:22:56 AM
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bump
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