Quick Purchase 2 weeks or less in DC $3.4MM
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  1. #1

    Quick Purchase 2 weeks or less in DC $3.4MM

    90% loan needed on $3.4MM purchase Capitol Hill/H St Corridor in DC. Owner has family emergency taking them back to their country indefinitely, need to close within the next two-three weeks.

  2. #2
    Depending on the situation we may be able to help.

    Visit us on the web at http://fastcapital360.com
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

  3. #3
    Senior Member Reputation points: 8536
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    Dec 2015
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    Los Angeles, CA
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    Is this merchant building apartments by any chance...?

  4. #4
    Senior Member Reputation points: 5777
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    Can you provide some more details? Does the client have a business as well?

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Nov 2014
    Location
    South Florida
    Posts
    840

    90% LTV, not happening unless he has other collateral that isn't heavily encumbered, and if he needs 90% that means he possibly has cash flow issues, and if that is the case how will he service the debt ? what is the exit strategy? if he's a first time buyer he could get a 3% FHA Deal but unless you're a mortgage broker you can't assist with that.

    The other problem is you haven't provided details about the property ( SFR / Commercial / short sale / foreclosure/ npn/ pn/ 1031 exchange Etc...)
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



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