Loans, Loans, Loans.
We do Loans! We just closed a 90% jumbo condo purchase. The borrower chose to pay mortgage insurance as they felt they would be able to pay their loan down to 80% within a few years and they negotiated a great price. The appraisal came in above the purchase price, which appraisers try not to do.
Also working on a $1.5 million construction loan of a non-owner single family residence in the South Bay. The completed value should be in the $3.5million range. This is a pretty easy construction loan as plans and permits are ready to go, just waiting for the contractor’s cost breakdown to be approved and should break ground in 4 weeks.
Cool loan working for a buyer who is taking 75% cash-out of his rental house to buy a home in Israel. This is a true no-doc 30 year loan where the borrower qualifies on the strength of the value of his home. Rates on these loans generally range from 4.75% to 6.5%.
We are refinancing a great house on one of Los Angeles’ most prestigious streets. This $15million dollar house is owned free and clear the the borrower is getting $2.9million all cash out and is paying interest only for the first 7 years.
We do difficult loans very well, so imagine what a great job we do on your easy loans! Contact us today to discuss your needs.