Loan Scenario: FL, $250,000, 800, 63% LTV, Purchase
Loan State: Florida
Loan County: Miami-Dade
Loan Type: Purchase
Loan Amount: $250,000
Property Value: $400,000
LTV: 63%
FICO: 800
DTI: 30
Occupancy Type: Non-Owner Occupied
Property Type: Condo > 5 Stories
Hi Rise condo in South Beach FL. Many foreign nationals already put down 20% and can not complete the deal. There is no home owners association as of now. Units range from 250,000 to over 1MM and there may be as many as 100 ready clients. Most buyers are from Venezuela. Need a lender to finance the current buyers and future buyers as well.
JayLinz@hotmail.com