1st TD- $1,359,000 2nd TD- $133,250 5 Year Term Other Lenders MAX LTV was 60% INBANET Strategized and Funded at 65% CLTV Owner User Property Unique Underwriting Broker Earned $27,180
Gross loan amount $1,000,000 Net funding $750k Available line of credit $250k No interest charge on line of credit Closed in 10 days from submission Referring broker made 15,000
$2,400,000 3.875% P&I 5 year fixed. Amortized for 30 years Major bank required earthquake policy which would have killed cash flow. Out portfolio investor closed it without earthquake insurance poliy... read more →
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$500,000 Declined by others due to being hillside 50% LTV 18 month term Closed in 7 days Referring broker made $10,000
$270,000 Declined by 10+ Hard Money Lenders 7.25% Interest Rate 15% seller carry allowed 63% Occupancy, No problem 60% LTV Broker Earned $6,750
