80% LTV Purchase Loan for First-Time Homebuyer
On behalf of our client, a first-time homebuyer, we obtained a 30-year fixed-rate, conventional loan for her to purchase a condominium unit in Broward County, Florida. Prior to coming to us, our client tried getting a loan at a national bank, but they were taking too long. There were several issues with the condominium association, including […]
85% LTV Purchase Loan for Second Home in Key Largo, Florida
We obtained a 30-year fixed-rate, conventional, high-balance loan for our client to purchase a second home in Key Largo, Florida. Our client was previously turned down by a national online mortgage lender due to his credit history. On a case-by-case basis, we help our clients with their credit. In this case, we helped our client […]
Combo Loan at 88% CLTV for $980k Pinecrest, Florida Home
Twice in one month! This month, we obtained another combo loan — consisting of two loans — for another one of our clients to purchase a new home, this time a $980,000 home in Pinecrest, Florida. Also known as a combination loan or piggyback loan, a combo loan is when the borrower takes out two […]
Hard Money Loan for Foreign National Closed in Only 4 Days to Purchase $2.4 Million Condo in Florida
In only 4 days, we obtained a $1.6 million purchase loan for our client, a foreign national from Spain, to acquire a $2.4 million investment property in Miami, Florida. Our client, who had previously been turned down by another lender, needed minimal documentation requirements and a fast closing. On a Monday, we secured from a […]
Small-Balance Commercial Loan: Cash-Out Refinance Success on 8-Unit Multifamily Property in Tampa
Securing a bridge loan for a cash-out refinance can be challenging, especially for investors facing liquidity issues. In this case study, we’ll explore how we helped a client obtain a small-balance commercial loan for a cash-out refinance on his 8-unit multifamily property in Tampa, Florida, despite previous rejections from other lenders. Overcoming Challenges with a […]
Combo Loan at 86% CLTV for $1 Million Miami Beach Home
Sometimes two is better than one. On behalf of our client, we obtained a combo loan — consisting of two loans — for the purchase of a $1 million single-family residence in Miami Beach, Florida. Also known as a combination loan or piggyback loan, a combo loan is when the borrower takes out two separate […]
Quick Close for Cash-Out Refinance on Rental Property despite COVID-19
On behalf of our client, a seasoned real estate investor, we obtained a cash-out refinance on one of his residential investment properties in Miami, Florida. The terms of his bridge loan included a 2-year term, fixed interest rate, and no prepayment penalty. He was looking to pull out cash from his property to help offset […]
Cash-Out Refinance Bridge Loan for Office Condominium
Despite the COVID-19 pandemic, we obtained a bridge loan for our client to do a cash-out refinance on her office condominium unit in Miami, Florida. The terms of her commercial loan included a 2-year term, fixed interest rate, and no prepayment penalty. The bridge loan program enabled her to quickly leverage her cash position in […]
3.25% Fixed Interest Rate for Borrower with High Debt
Despite the COVID-19 pandemic, we obtained a 30-year conforming purchase loan for our client to buy her first home in Miami, Florida at a 3.25% fixed interest rate. Given the coronavirus situation, everyone had to pull together to get this deal closed. The seller reduced the price by $5,000, and our client’s family member provided […]
Foreclosure Bailout Bridge Loan
On behalf of a mother and daughter, we refinanced the loan on their property in Broward County, Florida, to bail them out of foreclosure. They had defaulted on their mortgage payments in June 2019, and the bank brought a foreclosure action against them in December 2019. In February 2020, the bank moved against them for […]
