Saved on the Courthouse Steps: Foreclosure Bailout Loan Closed 4 days before the Sale
On behalf of a permanent resident alien, we saved his investment property from foreclosure by providing him with a foreclosure bailout loan, closing 4 days before the sale date. Our client had purchased the property, a single-family residence in Miami, nearly 2 decades ago in 2005. In 2018, he placed debt on the property with […]
2.875% Condo Loan for Green Card Holders to Purchase a Second Home in Miami
On behalf of a husband and wife (permanent residents from Ecuador and Peru, respectively), we obtained a purchase loan for their second home — a luxury high-rise condominium in Miami, Florida. Our clients had good credit, low debt, and had no problems showing income through tax returns. However, the main challenge of this loan was […]
Commercial Bridge Loan: Cash-Out Refinance on 3 Office Condo Units for Foreign-Owned Company
On behalf of a foreign-owned logistics company based in North Miami Beach, Florida, we obtained a two-year bridge loan to refinance the mortgage on its three office condominium units, valued at $1.2M total. Our client had previously been turned down by a bank because (1) there was inadequate cash flow to support the bank’s requirements […]
2.875% Interest Rate for Miami Condominium Purchase
On behalf of an outreach manager for a health clinic, we obtained a purchase loan for his new home — a one-bedroom condominium in a luxury high-rise tower in downtown Miami, Florida. Looking to relocate from Broward County, where he had been renting for the past several years, our client wanted to live in the heart […]
$1.32M Refinance of Newly Constructed Key West Primary Residence – No Proof of Income Required
Our clients had spent the past two years constructing their family dream home in Key West, Florida. In 2019, they obtained a $560,000 purchase loan from a major bank to purchase the fixer-upper. In 2020, they ran over their construction budget and needed more money. Due to the pandemic, they had problems finding a construction […]
Homebuyer Qualifies under Super Creative Program with No DTI Requirement
Our client was under contract to purchase a new home in Miami, Florida. Due to the COVID-19 pandemic, she wanted to simplify her life and downsize to a smaller home. But, she was having a hard time getting approved for a loan. She had been denied by another lender due to her debt-to-income ratio (DTI) […]
Foreign National Loan for Jamaican to Purchase Investment Property in Miami, Florida
On behalf of a foreign national from Jamaica, we obtained a loan for him to purchase a condominium unit in Miami, Florida as an investment property. One challenge we faced was the borrower’s declining income in the past two years. Due to his decline in income, we knew he would not be approved by a […]
Foreclosure Bailout Bridge Loan for Broward County Home
On behalf of a husband and wife, we refinanced the loan on their waterfront property in Broward County, Florida, to bail them out of foreclosure. The husband and wife were embroiled in a foreclosure action with their lender for more than seven years. They defaulted on their mortgage payments in September 2013, and the lender […]
$1.2M Jumbo Loan for Miami Beach Property
Our client, who was previously turned down by another lender for credit history items, needed a jumbo loan to purchase a house in Miami Beach, Florida. One challenge we faced was the appraised value was lower than the contract price. Because the lender bases the loan amount on the appraised value, not the contract price, […]
Hard Money Loan for Permanent Resident Closed in Only 6 Days to Purchase $625k Condo
In only 6 business days, we closed a purchase loan for our client, a permanent resident alien from Argentina, to acquire a $625,000 condominium unit in the Tampa, Florida area. Our client, who had previously been turned down by another lender, needed minimal documentation requirements and a fast closing to meet the approaching contract deadline. […]
