Results 1 to 5 of 5
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03-21-2018, 02:57 PM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
2 Transaction - Multi Unit Purchase in CA
8 UNIT
1. Purchase Price: $750,000
2. Down Payment: 30%
3. Annual Rental Income: $75,000
4. Fico’s: 700+
5 UNIT
1. Purchase Price: $500,000
2. Down Payment: 30%
3. Annual Rental Income: $42,000
A Credit, 30% down. 5 Years TIB
The client is all about rate and term. Please contact me if you can fund these type of real estate loans.
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03-21-2018, 04:08 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
This seems pretty straight-forward.
If you want to co-broker it, let me know.
Lots of work (real estate deal), but there's likely about 3 points available.
30-year amortization and 3-7 year fixed rate?
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03-22-2018, 11:03 AM #3
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03-22-2018, 04:22 PM #4
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
I could help you out on these and you can earn 5 points on these deals, since FICO's are over 700+ we can do a 75% LTV or 25% Down payment (and possible a 20% down payment with a Seller's 2nd.) Give me a call at 215-619-2543 or shoot Scott a message at sbuchholz@velocitymortgage.com . Also, since loan amounts are under $750k and these are purchases, we do not need DSCR.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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03-23-2018, 06:03 AM #5
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