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Borrowers


Tips For Your Savvy Borrowers...

Help you real estate savvy borrowers can take advantage of low housing prices. We have the ability to finance up to 3 properties per borrower, and use rental income for subject property!

·   10 Financed Properties
BankerBroker.com will allow a borrower to finance up to 3 properties.  For example, if you own 15 properties but only 7 are financed, we will allow you to finance another 3 properties.
 
 

·   No Rapid Acquisition
As long as you qualify we will allow for the purchase of up to 3 properties at one time!
 
 

·   Rental Income
If you have 5 or more financed properties and have a two-year landlord history, BankerBroker will allow for rental income to be used on the subject property.

·    Let your Friends know of this opportunity

List of Products

posted Mar 28, 2014, 8:34 PM by Massey Kouhssari

New Rate Sheets available!

FHA Products

 

  • Follow AUS findings
    • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

FHA High Balance

 

  • Follow AUS findings
  • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

 

 

HA Products

 

  • Follow AUS findings
    • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

FHA High Balance

 

  • Follow AUS findings
  • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

 

 

203-K Streamline

  • Max DTI 45%
  • Minimum Credit score is 660
  • Repairs are limited to cosmetic
  • Repair estimates must include supplies and labor costs
  • General Contractor must be used and must be licensed
  • Cannot use more than one contractor
  • Proper building permits must be acquired prior to closing
  • Ineligible properties:  Log homes, Condotels, co-op, manufactured, homes never completed and Mixed use
  • Self Help is not allowed.
  • First draw is limited to 40% and will be distributed approximately 10 days from closing
  • Once loan has closed to issue the draw send bid and settlement statement to SVP of Ops
  • Final draw will be issued by when all work is complete
  • Maximum amount of repair including inspections and supplemental origination is $35,000

Full 203-k

  • Max DTI 45%
  • Minimum Credit score is 660
  • Repair estimates must include supplies and labor costs
  • HUD Consultant is required which can be found at: https://entp.hud.gov/idapp/html/f17cnsltdata.cfm
  • Cannot use more than one contractor
  • Proper building permits must be acquired prior to closing
  • Ineligible properties:  Log homes, Condotels, co-op, manufactured, homes never completed and Mixed use
  • Final draw will be issued by when all work is complete
  • No mortgage payments financed
  • 203-K addendum to the purchase contract is required

 

 

 

Manufactured Homes VA

 

VA CASH OUT
  • Maximum LTV is 100% *Not available in Texas
  • Minimum FICO is 680 if max financing at 100%
  • AUS approval
  • Maximum cash out is $75,000
  • 90% LTV allowed to a 640 - 679 FICO
USDA ·        Minimum Fico: 620 ·        USDA approval required     FHA #: 2790900019 VA #:6405430000 

 

Conventional
  • Minimum Fico: 620
  • DU & LP Accepted
  • Purch / R & T Refi: Up to 95% LTV/CLTV  
  • Cash Out: Max 85% LTV,
  • Max 75% LTV 2nd Homes & NOO

 

 

Conventional High Balance

 

  • Minimum Fico: 620 LTV's up to 90%on O/O;                         700  Max LTV's of 60%
  • Purch/R & T Refi: Max 90% OO Only
  • Cash Out: Max 60% OO Only
  • 620 Fico Required
  • 2nd Home/NOO: 620 Fico Required
  • Max 90%LTV on O/O and 60% on 2nd home and investment
  • Eligible Prop: SFR, PUD and condo
DU Refi Plus
  • Minimum Fico: 580
  • Terms: 10, 15, 20, 25 & 30 yr fixed;
  • 5/1 & 7/1 LIBOR ARM
  • Unlimited DTI
  • Unlimited LTV/CLTV
  • Must be DU A/E
Reverse Mortgages
  • Strictly follow HUD guidelines
 

 

Manufactured Homes VA

 

VA CASH OUT
  • Maximum LTV is 100% *Not available in Texas
  • Minimum FICO is 680 if max financing at 100%
  • AUS approval
  • Maximum cash out is $75,000
  • 90% LTV allowed to a 640 - 679 FICO
USDA ·        Minimum Fico: 620 ·        USDA approval required    

 

Conventional
  • Minimum Fico: 620
  • DU & LP Accepted
  • Purch / R & T Refi: Up to 95% LTV/CLTV  
  • Cash Out: Max 85% LTV,
  • Max 75% LTV 2nd Homes & NOO

 

 

Conventional High Balance

 

  • Minimum Fico: 620 LTV's up to 90%on O/O;                         700  Max LTV's of 60%
  • Purch/R & T Refi: Max 90% OO Only
  • Cash Out: Max 60% OO Only
  • 620 Fico Required
  • 2nd Home/NOO: 620 Fico Required
  • Max 90%LTV on O/O and 60% on 2nd home and investment
  • Eligible Prop: SFR, PUD and condo
DU Refi Plus
  • Minimum Fico: 580
  • Terms: 10, 15, 20, 25 & 30 yr fixed;
  • 5/1 & 7/1 LIBOR ARM
  • Unlimited DTI
  • Unlimited LTV/CLTV
  • Must be DU A/E
Reverse Mortgages
  • Strictly follow HUD guidelines
Stated Income - Alternative Documentation Home Loans & Mortgages
  • Qualified mortgages
  • Jumbo Stated Income loans
  • Credit line option
  • Owner Occupied & Non Owner Occupied properties
  • No 4506

PFN - BM Real Estate Svcs Inc. Loss Payee

posted Mar 24, 2014, 8:29 AM by Massey Kouhssari

Please provide Dec page reflecting Dwelling Coverage, Replacement Cost and Annual Premium. Dec Page to reflect Lender Loss Payee
  • BM REAL ESTATE SERVICES, INC dba PRIORITY FINANCIAL NETWORK ISAOA,   5016 N. Parkway Calabasas, Suite 200 Calabasas, CA 91302 
  • Please include Lender Loan Number: PFNXXXXX

Down Payment Assistance - Gift Funds

posted Mar 20, 2014, 5:42 PM by Massey Kouhssari   [ updated Mar 20, 2014, 6:20 PM ]

Gift Funds

Print
 
Gift funds constitute money given as a gift to the customer. Information about gift funds is used to verify that the funds are coming from an appropriate source and in an appropriate manner. For example, it helps to ascertain that the gift is not an inducement to purchase a certain property. Appropriate sources are typically relatives, a fiancé or fiancée, or a domestic partner. A gift from any other source may be considered an inducement to purchase and may require a reduction in the sales price.
Customers will be asked to complete a gift-letter document, a copy of which is completed for each individual gift. Be sure to include the following information on the document:
  • Donor’s name and mailing address including the street, city, state, and ZIP code
  • Donor’s telephone number, including area code
  • Amount of gift
  • Verification of the transfer of gift funds
  • Recipient (must be the customer)
  • Donor’s relationship to the customer
  • Subject property address including the street, city, state, and ZIP code
  • Location of funds, either customer’s or donor’s account; depository name, address, and account number
  • Donor’s and customer(s)’ signatures
To avoid delays in processing your loan, please:
For this document
  • Complete the entire gift-letter document.
  • Send a separate gift-letter document for gifts from different individuals.
For all documents
  • Make sure the copies you send are legible.
  • Do not include documents that have been altered with correction fluid or by other means.
  • Submit the entire requested document and include all pages (even blank ones).
Down Payment Assistance Gift Funds

 
Equal Housing Lender

CHDAP- Down payment assistance program: purchase a home with a 1/2 Percent Down!

posted Mar 20, 2014, 5:30 PM by Massey Kouhssari

CHDAP (California Housing Down payment Assistance Program)- a down payment assistance program for California home buyers   is  a deal that sounds too good to be true. CHDAP  is offering to help with the down payment of your home.

What is CHDAP?Down Payment Assistance missing piece1 CHDAP  Down payment assistance program: purchase a home with a 1/2 Percent Down!

CHDAP is a loan provided by the state of the California to aid first time homebuyers in the purchase of a home. CHDAP provides a home buyer a second mortgage up to 3% of the purchase price that can be used towards the down payment. Currently, the interest rate on the CHDAP loan is 3.25%, and a buyer can borrower up to 3% of the purchase price. These funds can be used towards the down payment and/or closing costs.

How does it Work?

The CHDAP loan is a silent 2nd and unlike a traditional mortgage, does not require a monthly payment. No payments are required on your CHDAP loan until you sell or refinance your home. The CHDAP loan does accrue simple interest until it’s paid off. When using CHDAP you will still need to qualify for a first mortgage since CHDAP only provides a maximum of 3% in assistance. However, using an FHA loan which only requires only 3.5% down, in conjunction with the CHDAP 2nd you can purchase a home with as little as ½%. CHDAP is available in all counties of California, but certain qualifications do apply.

Who is Eligible?

CHDAP is made available to first time homebuyers purchasing their primary residence. (If you have not owned a home in the last 3 years, you are considered a first time homebuyer.) There are exceptions to the first time home buyer requirement, namely if you are a qualified veteran or if you are purchasing a home in a targeted area.

Homebuyers must meet minimum credit and income requirement. A minimum 640 FICO score is required, and a borrower’s income cannot exceed moderate income limits established for each county. In addition, the purchase price of the home cannot exceed the purchase price limits set in each county by CHDAP. (For further information on income and sales price limits, contact your BankerBroker Massey K. 949-244-1880.

The borrower must contribute the greater of $1,000 or 1% of the sales price from their own funds. However, other approved down payment assistance loans or grants in conjunction with CHDAP.

Like many government sponsored assistance programs, the borrower is required to complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization prior to the funding of the CHDAP loan.

In addition to the above mentioned guidelines/restrictions, CHDAP requires the home be a single family, 1-unit residence. Condominiums are required to meet the guidelines of the first mortgage. Manufactured housing, leaseholds, land trusts and Co-ops are not permitted. There is a five acre maximum on all property sizes.

What is the interest rate on the First Mortgage?

Interest rates will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. We recommend that you call us to receive an accurate rate quote for this program.

How do I apply for this loan program?

CalHFA which offers the CHDAP loan is not a direct lender, the CHDAP loan is offered through private loan officers who have been approved & trained by CalHFA. These loan officers can help you find out more about CalHFA’s programs and guide you through the home buying process.

Documents Needed

What documents should I have ready when contacting a loan officer? When initially contacting a loan officer, you may want to have this list of documents and information available to help answer questions that they will ask you:

• Pay stubs

• Bank statements

• Employment history

• Two years tax returns

If you would like more information about California down payment assistance program- CHDAP(California Housing Down Payment Assistance Program), please give us a call or apply online today!

949-244-1880 Massey Kouhssari your BankerBroker

3 First Time Homebuyer Programs for California Home Purchase

posted Mar 20, 2014, 5:24 PM by Massey Kouhssari

BankerBroker.com is proud to announce the avilability of down payment assistance programs for you to purchase your next home in these communities or in the Los Angeles, Orange County, Riverside, San Bernardino and San Diego county.

1. California Housing Finance Agency (CalHFA FHA & CHDAP)

CalHFA FHA

The California Housing Finance Agency offers a below market mortgage option to first time homebuyers.  The CalHFA FHA 30-year Fixed Mortgage provides up to 96.5% financing with a low, fixed interest rate that never changes during the life of the loan.  This first mortgage can be combined with CalHFA’s down payment assistance programs for added benefit.

CHDAP, Down Payment Assistance That Works

CalHFA can also help with your down payment or closing cost.  Payments on these one-of-a-kind loans are deferred, meaning you don’t have to pay them back until you sell, refinance or pay off your home.

California Homebuyer’s Downpayment Assistance Program (CHDAP) – offers up to 3% down payment or closing cost assistance and can be combined with any of CalHFA’s first mortgages.

Get your Grant funds today

2. National Homebuyers Fund – CHF Platinum Grant

The CHF Platinum grant program provides down payment assistance for low-to-moderate income individuals and families purchasing a home. Homebuyers can receive up to 3% of their first mortgage to be used as a down payment and/or closing costs.

  • Primary residence, owner occupied
  • Does not have to be a first-time homebuyer
  • Minimum 620 credit score
  • Income limits apply
  • FHA loan only
  • 30-year fixed rate
  • Grant funds can not exceed 3% of the first mortgage
  • Grant funds can be used for down payment or closing costs

 

3. CRHMFA Homebuyers Fund (CHF) – CHF ACCESS

This is a very unique program being operated by all the lenders working under the California Rural Home Mortgage Finance Authority.  Similar to the federally guaranteed loans, the CHF ACCESS loan program requires the borrower to make a down payment of 3.5%.  The attractive part of this loan program is only .50%  is needed for down payment and  3% of it can be available at low interest rate of only 8.5%.

 

Commercial Property products brought to you by Massey Kouhssari

posted Feb 24, 2014, 2:09 PM by Massey Kouhssari   [ updated Feb 24, 2014, 2:15 PM ]

Commercial Property Loans

This product comes in two flavors; investor and owner-occupied properties. Both are being scrutinized quite heavily so prepare yourself for a full documentation loan. Meaning, three years complete tax returns must be submitted.  

For investor properties the maximum loan to value (LTV) that a bank will finance is somewhere between 65% to 75% LTV.  

Some banks may only go 50% for retail properties.  

Interest rates will vary depending on the strength of the borrower.  The property must have at least a 1.25 to 1.35 Debt To Service Coverage Ratio as well. 

For owner-occupied properties, we can go a bit higher on the LTV, up to 90% financing in some cases because we add in an SBA component. It's not as scary as it seems. But be prepared to do some paperwork.


Contact us today to regarding your industrial, office or retail property.
949-244-1880
Massey Kouhssari
BankerBroker.com

APARTMENT LOANS, MULTI-FAMILY
FINANCING & MORTGAGE Apartment Loans, Financing, and Mortgage

Apartment owners with a minimum of 5 units will find a wide array of financing options to meet their individual financing needs including assorted fix rate hybrid loans and prepayment options. Purchase refinance and cash out refinance are also available.


Eligible Properties:
  • Stabilized properties with at least 5 units in major MSA’s* and proven management.
  • Up to 40% commercial component permitted; student and senior housing eligible for financing.
Loan Amounts:
  • $250,000 - $10,000,000
Term & Amortization:
  • Adjustable, 3, 5, 7, and 10 year hybrid loans amortized out for 30 years.
Prepayment Penalty:
  • Typically step-down prepayment penalties during the fixed rate portion of the loan.
Loan to Value Ratio:
  • Maximum LTV 75% depending on the quality and program.
Debt Coverage Ratio:
  • Minimum 1.25:1 DCR
Credit Score:
  • Minimum middle credit score 680
Application Fee:
  • Generally $3,500, which will be applied towards third party costs to include but not limited to Credit Report, Appraisal Report, Property Inspection.
Title/Escrow:
  • Preferred carriers offer discounts to our clients.
Pricing:
  • Interest rates quoted daily. Please contact an Apartment Bank/BofI Federal Bank Representative for pricing parameters.
Borrower:
  • Individuals, Trusts, Limit Liability Companies, Limited Partnerships, COPs and Corporations.
Territory:
  • Nationwide MSA’s* with minimum population area of 100,000.
Loan Features:
  • Recourse Lender
  • Assumable
  • Secondary financing may be allowed on purchase transactions
  • Layered risk-based pricing to ensure lowest rates
  • Several prepayment options keep you in control

Commercial Property Rate Examples

Rate quotes below are an estimate using recent market pricing parameters and generic risk and collateral assumptions and will vary with from borrower to borrower

3-year fixed rate:       4.50%

5-year fixed rate:     4.75%

7-year fixed rate:     5.85%

 Unsecured line of credit – variable rate: 3.73%

Stated Income Apartment Mortgage Loan

posted Feb 24, 2014, 2:07 PM by Massey Kouhssari   [ updated Feb 25, 2014, 3:53 PM ]

Stated Income Apartment Loan

BankerBroker.com has the of the best Stated income loans products available in the commercial mortgage marketplace. 
Apartment or Multi Family Refinances: 
  • NO Tax returns or Bank Statements are needed. 
  • Zero Cost for the appraisal, a savings in the area of $1,500 to $2,000
  • Zero Cost for the Escrow and Title fees (Refinance Only). The savings on these two fees alone, depending on your loan amount, can easily save you another $1,000 to $2,000 or more!

This is one of the easiest loans to obtain so contact  us now while this apartment loan product is being offered.
949-244-1880 
Massey Kouhssari 
BankerBroker.com

Loan Highlights

Interest rates fluctuate daily 
Rates as of 2/14/2014

Adjustable Rate Loan: 2.99% - 3.25APR
3 Year Fixed Program: 3.42% - 3.62APR
5 Year Fixed Program: 3.88% - 3.95APR
7 Year Fixed Program: 4.36% - 4.53APR
10 Year Fixed Program from 5.21% - 5.51APR

All have 30 year amortization.

Debt to Service Coverage Ratio only 1.15 based on 4.25% Qualifying Rate.

Minimum middle FICO score of 680+.

Minimum loan amount of $500K. 
Loans between $500K to $750K add 20 basis points to the rate. Loans between $750K and $1MM, add 10 basis points to the rate. Max LTV 75%

Borrower liquidity to equal 6 months Principal and interest payments on all Real Estate.

Apartments
Apartment buildings are generally distinguished by factors of age, size and location.


Class A
These types of facilities are large apartment complexes in the most favorable locations featuring many amenities. They are also the most favored of the investment properties. The continuous demand to rent or purchase living space makes large complex apartments a very safe investment once the units have reached a certain level of occupancy.

Most apartment loans of $3 million and higher are sold by the lender. However, some lenders are conduits or lenders who collect loans for a pool and then sell financial interests to institutional investors in those pools.

To achieve the low rates quoted for these loans, lenders underwrite them in narrow bands – or tiers – of risk. Rates are then quoted for each tier. As the risk increases (due to factors of occupancy, market, age and confidence in the borrower), the rate increases. Everyone quotes the best rate, but few properties qualify.

Fortunately, the difference between rates is only a few basis points. One percentage point equals 100 basis points. Rates vary according to term and amortization, but the general rule is: the longer the term, the higher the rate. A fixed-rate loan can be obtained for 30 years, but most are 10-year loans where the rate is lowest.

Not to be outdone, the Federal Housing Administration (FHA) also offers guarantees to lenders for qualifying apartments. These loans usually offer low rates and longer terms – some as long as 40 years for a fixed-rate loan. FHA-guaranteed loans also offer very high loan-to-value as opposed to loans sold to conduits. Although advertised differently, most conduit loans are 70% of the value. FHA loans, however, usually fund up to 85% (and sometimes higher) of the value of the facility.

One of the most thwarting features of conduit or FHA loans is the limitation on secondary financing. Mezzanine loans are used to bridge this gap between equity and the primary loan. They are usually for 10 years or less and cost twice the amount in interest of the permanent loan. In a way, they are like equity because they have no lien on the property. Almost all apartment acquisitions consider mezzanine financing because of the low loan-to-values of conduit loans and the prohibition against secondary liens on the property.

Class B
This class of apartments can and does include all of the former Class A apartments plus those that were never defined as Class A because of size and market location. These complexes are well maintained and have a history of performance catering to the middle class apartment dweller.

In recent years, demand for this product has provided non-recourse financing at pricing rivaling the middle tiers of the risk scale for Class A apartments. Very attractive 10-year financing and FHA-guaranteed financing is also available for these units. FHA financing, while very inexpensive on an annual percentage rate basis because of the long term, has a transaction cost threshold that is not beneficial when the number of units decline below a 100.

Most of these loans are made under secondary market criteria. The major banks, life companies and conduits all provide capital for this market, and some of these sources will accept loans less than $2 million at rates designed for larger loans. If the complex qualifies, this can be a real bonus to the owner.

Modest Apartments
Modest-sized apartment complexes number 15 to 50 units, characterized by a lack of amenities and a mid to lower range of rent. These complexes are identified by the size of their loans, which are usually valued no less than $500,000 and no more than $2.5 million. Because this size is uneconomical to construct in today's environment, units this size are older and do not command the highest incomes.

Nevertheless, there are a lot of complexes this size, and there are many loan programs available to them. If the loan is over $400,000, there is even non-recourse financing. Every loan will require due diligence paid for by the borrower in the form of a Phase I environmental report and appraisal. Some investors have special programs to cap the closing costs, but that feature is also reflected in a higher rate. Those with a lower rate often have higher costs.

The recourse loans available for the acquisition and refinance of these facilities often reflect an 80% loan-to-value with an adjustable feature. There is also long-term fixed-rate financing available for these units. For every $500,000 in loan amount, the number of loans available increases and the interest rates decrease.

Small Apartment Complexes
These facilities range in size from five units to 14 units. The number of units is indicative of the value and probable loan size. Many modest apartment lenders do not have programs for this size project; however, there are national specialty lenders who do seek these loans. Local banking institutions also are especially active in this market. There is no non-recourse financing unless it is located in an exceptionally high-value area, whereby the loan amount will be similar to that of modest-size apartment communities.

There is a significant difference in payment terms available to these units. Local banks feature a low fee basis and limited third party reports, but these savings are offset by adjustable rate loan programs amortized over a 15- to 20-year period. National lenders offer a 30-year loan that significantly lowers the debt service to the borrower. To be competitive on the fee size, these institutions are now offering on par loans and limiting the third party costs by employing their own reviewers.

Apartment Construction Financing
There are special types of construction financing available to apartments in addition to the regular apartment loan. This loan is oriented to the Class A and B apartment communities. It features 90% financing, non-recourse and a fixed rate. The fees for the service are higher than permanent financing but cover both stages of the financing because there is only one closing. This product is thought to contain the most value of any on the market, as its terms are flexible and its overall cost significantly less than any other program.

Smaller apartment financing loans are also available with lower loan-to-values but do permit seller financing of the land if subordinated. These loans are recourse throughout the construction period, and they require the borrower to invest his equity at the time of the first draw in cash or in kind. If the borrower owns the land and it is equal in value to 80% of the total cost, he can use the land as the equity injection instead of cash.

BankerBroker.com Lowest mortgage rates in the U.S

posted Feb 20, 2014, 11:33 AM by Massey Kouhssari

BankerBroker.com 
O/O Non Prime Lending Without the Hassle.
All Broker/Lender fee's can be financed into the loan on Refinances, Owner and Non Owner Occupied.
 
No Borrower loan Counseling needed.
 
Rates as low as 3.95% APR


Bank Statement Program For Self Employed & 1099 Borrowers

Personal statements qualify with 100% of deposits - ignore the withdrawals. 
Business statements qualify with 50% of deposits - ignore the withdrawals.

  600 credit score for O/O - 500 credit score for N/O - 50% DTI

 

Short Sale / Foreclosure / BK Programs

1 day out of Short Sale 75% - 1 yr. out 80%

Foreclosure / BK settled OK!

 

2:1 Buy down & Buy up Available

No Pre-Pay Penalties

      

 Additional Programming

$1mil Loan amounts available

 Cash out O/O - 500 FICO - $750k

 Purchase or Refi O/O 500 FICO

 Gift Funds For Purchase Money

 

Additional Programs Notes:

Charge up to 5% Origination!

No PrePay Penalties Period! 

30yr amortization, no balloons. 

Make sense manual underwriting.

50% DTI!

No reserves needed.

Use your existing appraisal up to 120 days. 

Fix & Flip (Rehab Loan) Mortgages

posted Feb 18, 2014, 1:57 PM by Massey Kouhssari

BANKERBROKER.COM LENDING PARAMETERS OVERVIEW:


Almost ANY Property Type: Non-Owner Occupied Only

  • Residential – SFR / 2-4 Units / Condo / PUD
  • Multi-Family – Apartments (5+ Units)
  • Commercial – Retail, Office & Mixed-Use
  • Land & Lots (In-fill)

Flexible Loan Criteria:

  • Up to 75% of purchase price for Rehab Fix & Flips!
  • Up to 65% LTV for Purchase Loans
  • Up to 60% LTV for Refinances
  • Loan Size: $35,000 & Up.
  • 1sts, 2nds and 3rds.
  • No PPP, Lockout or Exit Fees
  • No Commitment/Upfront Fees
  • No Min. FICO Score Required

Broad Range of Loan Programs:

  • Fix & Flip [Rehab] 65% ARV
  • Buy & Hold
  • Broken Construction
  • Probate Estate & Trust-owned Property
  • Bridge, Owner-user, Communities, Factory Built

View Recent Closings | Testimonials

Common Sense Lending is Back®
Get A Quote

Call Massey Kouhssari 

949-244-1880

A Sampling of Loans We Closed:

Residential 1-4


Northridge.bmp

City: Northridge, CA 91362
Transaction Type: Purchase, Short Sale
Purpose: Fix & Flip
Property Type: SFR – Detached 
Lien Position: 1st 
Loan to Value: 62%
Loan Amount: $627,500.00
Note Rate: 12.000%
Loan Term: 1 Year
Status: FUNDED

Land

Northridge.bmp

City: Santa Paula, CA 93060
Transaction Type: Refinance, Cash-out
Purpose: Business Purpose: Fruit & Nut Ranch
Property Type: Land: 67 Acre Working Orchard
Lien Position: 1st 
CLTV: 20%
Loan Amount: $450,000.00
Note Rate: 9.25%
Loan Term: 2 Years
Status: FUNDED

Commercial

Northridge.bmp

City: Northridge, CA 91722
Transaction Type: Refinance - Cash-out
Purpose: Real Estate Investment Capital
Property Type: SFR - Commercially Zoned. Owner-user Office Building
Lien Position: 1st 
Loan to Value: 60%
Loan Amount: $300,000.00
Note Rate: 8.999%
Loan Term: 4 Years
Status: FUNDED

 

Multifamily

Northridge.bmp

City: Glendale, CA 91201
Transaction Type: Refinance - R&T
Purpose: Retire Existing Ballooning Note
Property Type: Multi Family Residence: 
Five (5) Units
Lien Position: 1st 
Loan to Value: 36%
Loan Amount: $350,000.00
Note Rate: 10.5%
Loan Term: 2 Years
Status: FUNDED

Mortgage Pop Quiz - By Massey Kouhssari

posted Feb 17, 2014, 3:54 PM by Massey Kouhssari

BankerBroker Mortgage Pop Quiz

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