Purchase and Refinance Loans for Two Office Condominiums
On behalf of an aircraft cleaning company, we obtained two loans — one to refinance the mortgage on their Miami office condo, and the other to purchase a new office condo in the same complex. Because the owners of the company had serious credit issues, including several recent delinquencies and derogatory accounts, their previous bank […]
$1.3M in Refinance and Purchase Loans for 6 Rental Properties in Florida
On behalf of our client, we obtained $1.3 million in financing for her portfolio of residential investment properties in Miami, Florida. Her portfolio consisted of 5 rental properties (3 single-family residences, 1 condominium, and 1 townhome), and she was seeking to acquire an additional rental property. We had to overcome some challenges. First, her bank […]
80% LTV Purchase Loan for Married Couple’s First Home
On behalf of a husband and wife, we obtained a purchase loan for a single-family residence in Miami Shores, Florida. Previously, the couple had been renting an apartment in the Midtown neighborhood of Miami. The husband is self-employed and the wife is employed. They had minimal conditions to clear, and the approval process went very smoothly. […]
SBA 7(a) Loan for Internet Marketing Company
On behalf of an internet marketing company based in South Florida, we obtained a $250,000 Small Business Administration (SBA) 7(a) loan. SBA 7(a) loans have many benefits, including: Long-term financing (we obtained a 10-year term for our client) Improved cash flow (our client will be using the funds for working capital for advertising and new […]
97% LTV Purchase Loan for Green Card Holder
On behalf of our client, a permanent resident (green card holder) from the Dominican Republic, we obtained a purchase loan for a single-family residence in Hollywood, Florida. Her credit scores were less than 700, but we got her approved for 97% loan-to-value, 30-year fixed with an interest rate in the low 5’s. While she qualified […]
Divorce Refinance under Investor Cash Flow Program
On behalf of our client, we refinanced her investment property, an apartment in Miami Beach, Florida. She was going through a divorce, and she and her ex-husband originally had two mortgages on the property. We refinanced those two mortgages into one single mortgage solely in her name and removed her ex-husband from the deed. In […]
Non-QM Purchase Loan for High-Rise Condominium
On behalf of an attorney, we obtained a $416,500 purchase loan for him to buy a high-rise condominium unit in the Edgewater area for him and his family. We were able to get him approved under a non-QM loan program using 24 months of his business bank statements. The process entailed conducting a full condominium […]
Foreclosure Bailout to Save Orlando Home from Being Sold at Auction
On behalf of a couple whose Orlando home was in foreclosure proceedings, we obtained a cash-out refinance foreclosure bailout loan to give them the liquidity to pay off the first mortgage and bail them out of the foreclosure action. Besides the foreclosure, other challenges included water damage to the home caused by a leak, as […]
Purchase Loan for Tile and Pavers Company
On behalf of a family-owned tile and pavers company, we obtained a $318,750 commercial purchase loan to allow the business to purchase a property to run its business. We were able to get them approved for the loan (at 75% loan-to-value with an interest rate of 7.875% for the first 5 years) using 12 months […]
Cash-out Refinance on Single-Family Home in Palmetto Bay
On behalf of a husband and wife, we obtained a cash-out refinancing through Freddie Mac’s streamlined program, which allowed us to only have to use one year of tax returns. The streamlined program was beneficial to the couple because the husband is self-employed, and the wife had gone through a bankruptcy. The loan amount was […]
