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Home »  Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $1,200,000, 750, 22% LTV, Cash Out Refinance

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Post Statistics: 504 Views, 3 Replies
Latest Post: Wed, Jul 15 2009 2:09 AM by Lorenzo Gladden
  		• Mon, Jul 6 2009 3:33 PM
    Loan Scenario: CA, $1,200,000, 750, 22% LTV, Cash Out Refinance
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: Sacramento
    Loan Type: Cash Out Refinance
    Loan Amount: $1,200,000
    Property Value: $5,500,000
    LTV: 22%
    FICO: 750
    DTI: ---
    Occupancy Type: Non-Owner Occupied
    Property Type: Condo

    this is a 28 unit condoplex. Looking for commerical paper and who the best bank to do this with would be..
    Brian Barre
     - View My Profile
    spechomeloans
    Become a Premium Member »
  • In Reply to This Post
    		 Tue, Jul 7 2009 11:01 AM

    I have some options available for this case. You are welcome to contact me to discuss some potential options.

    Peter Gladkin
     - View My Profile
    Broker
    Culture Mortgage
    Become a Premium Member »
  • In Reply to This Post
    		 Thu, Jul 9 2009 8:01 PM

     

    Brian,

     

    This is not a problem. I am mortgage broker and banker in Englewood Cliffs, NJ, but we also have an office in CA so we are have a license there too.  We have several portfolio lenders and savings banks that can handle this size loan, assuming your credit and income qualify.  If you are interested, please call me at 201-568-8827 x112 or email me at dkramer@umsllc.com so we can dicsuss in detail and i can get you accurate quotes for your loan requirements.

     

    Have a good night.

     

    Daniel Kramer

    Senior VP

    United Mortgage Service, LLC

     
    Daniel Kramer
     - View My Profile
    Senior Vice President
    United Mortgage Services, LLLC
    dkramer@umsllc.com
    (201) 568-8827 x112
    Become a Premium Member »
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