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Opportunity open for a lender who can close on no-brainer deal quick:
650k - 1 M on a 1st position (150-225k on a 2nd)
1. Paying 6 points if wanting 1st position. (10 points for 2nd position)
2. Paying 12%
3. Term 36 month no pre-payment penalty balloon.
30 year amortization.
4. 9-units, can add more. (quadraplex & 5 occupied houses - Performing)
Properties are currently at 33% LTV, and want to pull some funding out to pay for some tax shortages.
Mortgage payments were applied to tax shortages so credit poor temporarily.
Lots of equity and asset heavy.
In student town with student renters - mommy and daddy pay for everything.
Call us 713-705-6279, 352-226-3535
Please email me with attached filled out, as I tried to work with you guys before, but I don't know where the miscommunication was.
email@example.com - personal