[Yankeeman07]

The property is in danger of auction due to nonpayment, which happened mainly thanks to COVID. Balloon is also due, which lead to foreclosure proceedings.

Current approved loan amount is $300K max. but would leave the borrower having to bring $64K to the closing table (which he does not have) in order to save his property.

Requesting loan amount of $375K in order to cover loan closing fees & $35K state tax lien which has to be paid as part of the closing.

That's 75% LTV

Everything is already done: Appraisal, title work, insurance, etc... Just would have to be reassigned to you.

Property is a multifamily with little rehab work needed (if any), valued at $500,000 in a conservative appraisal.

Borrower has 700 credit as of today.

If you know where I could take this deal to get it closed & funded within 2 weeks time, please PM.

If you are an aggressive lender/investor interested in this deal, send me a PM.

Thanks

You can contact Stearns Lending, LLC | NMLS# 1854 | stearnswholesale.com

IMO - Numerous issues to have a closing in 2 weeks -