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klbransom
30 Posts |
 Posted - 08/08/2008 : 3:49:40 PM
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Full Doc (W-2 employee)
750 FICO
$500,000 Loan Amount
$997,000 Value
Currently Owned Free/Clear
DTI 28% ($890,000/annual salary)
Assets $1.2 million LIQUID
Owns 7 properties (5 are financed)
Cascade Summit, OR
Approx. 5 Acres
Borrower is willing to use multiple propoerties to secure note
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aaron1976
631 Posts |
Posted - 08/08/2008 : 7:56:04 PM
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If your borrower is ok with hard money rates and points, I may be able to help, but on rural 40-50% LTV max leaning more towards 40%.
Aaron Cirlin
818-590-4288
aaronc1976@hotmail.com |
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mgraham224
1008 Posts |
Posted - 08/09/2008 : 01:54:24 AM
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hey there.
I don't want your deal, or to "help"
but us oregon folks gotta stick together.
have you tried Rivermark? (they don't do wholesale any more, but you could investigate terms and then do a fee agreement POC directly with borrower).
Also WaFed comes to mind
Also, M&I might do this if they can get past the 4 props issue.
If not of that works, I have gentle hard money lenders that will do this all day. Actually, just one of them is the perfect fit as they like conforming type borrowers. Usually 3-4 pts and 11%. This was as of last year, so I don't know if their terms have changed much.
If that doesn't work, a friend of mine is probably the best-connected hard money broker for anything in oregon. Once he gets involved though, it's uncommon for your B to be paying less than 7 points. |
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DougDaft
222 Posts |
Posted - 08/11/2008 : 07:36:42 AM
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| Can do this with hard terms. Let me know if you still need funds. ddaft@cbigroupllc.com |
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klbransom
30 Posts |
Posted - 08/11/2008 : 1:51:23 PM
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mgraham224....i need your contact info please.
email me directly if you would like. kbransom@ocmortgage.com |
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