Results 1 to 9 of 9
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07-20-2015, 07:36 PM #1
- Join Date
- Jul 2015
- Posts
- 23
Collateralized Loans
Any advice on where to go for a collateralized loan?
Looking for $200,000 +
700+ credit score
$550k real estate equity as collateral
$110,000/month deposits... $30k avg balances
Looking to consolidate 4 advances ($150k)
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07-21-2015, 10:46 AM #2
Why not go post this in the DEAL BIN to get your responses?
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07-21-2015, 10:48 AM #3
- Join Date
- Jun 2013
- Posts
- 195
This sounds like it may be up our alley, please email me at Cpepe@wbl.com to go over details.
Regards,
Chris Pepe
Vice President
World Business Lenders
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07-21-2015, 04:25 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Collateralized Loans
How many people have rhis deal and how many has it been sent to?
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07-21-2015, 05:38 PM #5
- Join Date
- Jul 2014
- Posts
- 1,746
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07-21-2015, 06:49 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
MUST GO TO WBL!! i know broker that made down payment on house from WBL Commissions!!
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07-21-2015, 08:13 PM #7
asdasdasdasdasdasdsad
Last edited by Zach; 07-21-2015 at 08:14 PM. Reason: oops
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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07-23-2015, 05:57 PM #8
I saw an offer fr wbl that an ISo said was $150k, 3k mo interest only and a balloon payment due in 6 months - home was to be used as collateral- what happens if they don't have the balloon in 6 mo??
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07-23-2015, 11:23 PM #9
With our interest-only three-year product, there are (clearly) interest-only payments. Since no principal balance is being touched, there is obviously going to be a remaining principal balance remaining. We have a few routes the clients can traverse:
1. They can refinance the balance into a base loan (ACH loan) to attack that principal balance over a 6-18 month term
2. They can continue interest only payments as long as they like (in leasing, we would call this evergreen)
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