| Author |
Previous Topic | Next Topic |
|
ldestefano
59 Posts |
 Posted - 10/10/2008 : 7:22:42 PM
|
| Does anyone know where I can find the guidelines for blanket loans? I can't seem to find anything on the web. I have a customer who is possibly looking to do one. The company I am currently with does not offer them. However, I am interested in learning more about them and I would like to find out what lenders actually do them. So far I have not found many that do this type of loan. |
|
JOHNA_BAYSTREET
211 Posts |
Posted - 10/11/2008 : 2:17:40 PM
|
| I deal directly with Hard Money Investors that lend in all 50 states and may go up to 80% LTV depending on how strong the file is, we do blanket loans..contact me if interested...johna@ggfunding.com or John 408.510.3426 |
|
|
velecico
3935 Posts |
Posted - 10/11/2008 : 3:01:38 PM
|
| Who has guidelines left , by the time you get them , they have changed , on a blanket , its basically a relatioship loan , most likely you will use a local lender that knows the properties , LTV and fees will vary depending on your deal . no real guidelines set in stone , just watch out for scammers claiming they can do it and just jack you up for fees , just ask for title company info so you can verify they are closing these types of deals |
|
|
Docstrange
2 Posts |
Posted - 10/11/2008 : 11:22:08 PM
|
I do not know about the guide lines, but I do work with a company which still does blanket loans.
luisgtorres@paris.com |
|
|
ldestefano
59 Posts |
Posted - 10/12/2008 : 12:10:42 PM
|
Can you get cash out with a blanket loan? If so what is the max ltv for that? Is there a minimum credit score? I am actually working with two investors that may look to go this route but are not sure. Both have a mid fico in the low 600's. Thanks! :)quote:
Originally posted by JOHNA_BAYSTREET
I deal directly with Hard Money Investors that lend in all 50 states and may go up to 80% LTV depending on how strong the file is, we do blanket loans..contact me if interested...johna@ggfunding.com or John 408.510.3426
|
|
|
MBohena
198 Posts |
Posted - 10/12/2008 : 3:43:16 PM
|
My question here, ( because I am looking) for a lender that offers residential blanket loans is this: Can you post them here, or do we need to call you and work with you ?
The reason I ask, is this, I have in the past have engaged with another broker and often I am told by them what I can charge. One went so far to tell me that I would get 1/8th of a point, while they would charge 2 points !!! ummm excuse me? |
|
|
subprime
3606 Posts |
Posted - 10/12/2008 : 6:36:55 PM
|
quote:
Originally posted by JOHNA_BAYSTREET
I deal directly with Hard Money Investors that lend in all 50 states and may go up to 80% LTV depending on how strong the file is, we do blanket loans..contact me if interested...johna@ggfunding.com or John 408.510.3426
John
How many of these have you actually closed? No offense, but I hear this from a handfull of lenders out there, wondering who is actually closing and if they have a proven track record. Please advise |
|
|
Alisa1
214 Posts |
Posted - 10/12/2008 : 7:30:52 PM
|
We're a direct hard money lender located in NYC. We will consider blanket loans depending on scenario. At this time our max ltv is 60%. Please contact me to discuss further.
|
|
|
ahong
24 Posts |
Posted - 10/13/2008 : 10:33:28 AM
|
I am a hard money direct lender speciallized in NJ, NY, CT.
We are very aggressive in terms under $2 mil.
Andy Hong
Vice President
Tel: (201) 907-0800 X 220
Fax: (201) 907-0801
Cell: (201) 835-0860
Email: ahong@winstoncap.com
Winston Capital
"Where Time Is Money"
Continental Plaza,
411 Hackensack Ave, Suite 102
Hackensack, NJ 07601
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
