Need DIRECT LENDING source for the following;


Cashout/Rifi
70% - 75% LTV desired
Experienced RE investor (small player)
Portfolio (6) properties
Can be split into two loans, 4 on one, 2 on the other if need be
Rural Texas
Closest MSA is Houston (about 70 miles)
Total Portfolio Value: $365,000 - $390,000
Each property valued $60,000 to $65,000
Existing balance (all properties): $100,000
Anticptaed loan amount: $255,000 - $292,000
Stirctly Asset-Based
(Personal FICO mid score 599)
Above average DSCR
Client has other [commercial] properties as well
NOT AVAILABLE FOR CO-BROKERAGE