95% LTV Purchase Loan for Married Couple in Miami Beach
On behalf of our clients, a married couple, we obtained a $209,000 purchase loan for a condominium unit in Miami Beach at 95% loan-to-value, 30-year fixed. The husband is a U.S. citizen and the wife is a permanent resident (CR-1 green card holder) from Germany. We were able to get them approved despite their difficulty […]
Cash-Out Refinance for Office Condo Investment Property
On behalf of a commercial landlord of an office condo building, we obtained a $220,000 cash-out refinance to allow the company to use the proceeds to invest in other project.
Debtor-in-Possession Financing for Swimming Pool Company
On behalf of a swimming pool company that recently filed for Chapter 11 bankruptcy, we obtained $1.25 million in debtor-in-possession (DIP) financing to allow the company to fund its day-to-day operations during the bankruptcy proceedings.
Purchase Loan for Borrower Recently Discharged from Bankruptcy
On behalf of a client who had been recently discharged from bankruptcy and had no current credit score, we were able to convince the lender to rely on a stale credit score in the 600s to provide a $110,000 purchase loan to allow her to move out of her rental apartment and into a new […]
Purchase Loan for Vacant Lot of Land to Construct Dream Home
On behalf of a client who wanted to purchase a vacant lot of land, but whose bank was not offering such loans, we obtained a $230,000 purchase loan from another lender, enabling the client to buy the land and start making plans to construct his dream home.
Jumbo Loan for Married Couple’s Lifetime Home
On behalf of a husband and wife with student loan debt and limited income, we obtained $500,000 in jumbo financing to allow them to purchase the home they plan to live in for the rest of their lives.
Non-Warrantable Condo Financing for Venezuelan Foreign National to Purchase Investment Property
On behalf of a foreign national from Venezuela (one of the riskiest countries for which there are many restrictions on U.S. lending to its citizens), we obtained $200,000 in non-warrantable condominium financing to allow him to purchase a condominium in Orlando and close in ten days. As background, his other bank had refused to close […]
Foreclosure Bailout to Save Miami Home in the Nick of Time
On behalf of our client whose Miami home was in foreclosure, we obtained a $520,000 cash-out refinance foreclosure bailout loan to save her home in the nick of time. Her bank had brought a foreclosure action against her, obtained a final judgment, and put her home up for sale at auction. However, just before title […]
Investment Loan for Borrower to Become Residential Landlord
On behalf of a client with limited income, we used the lender’s bank statement program to obtain a $260,000 investment loan for him to purchase a duplex and become a residential landlord.
Rate-and-Term Refinance (switch from ARM to fixed rate with 117% LTV) for Investment Property
On behalf of a client in Colorado who owned an investment property townhouse in Coral Springs, Florida, we obtained a $250,000 rate-and-term refinance that locked him in a 30-year conventional mortgage with a 4.875% fixed interest rate. His old loan was an adjustable-rate mortgage (ARM) with an interest rate that was about to increase significantly. Additionally, because […]
