MortgageTrends Formal Borrower Request Qualified Borrower Needs Private Money Loan Now
If you feel you can assist directly as described below, please call Dave toll- free at (866) 440-5566 between the hours of 7am-5pm PST Request Details: This is a slam dunk A paper deal but we have had difficulty closing because of lender resistance to Mexico as a result of the mortgage melt-down in the States, and we don't have time to go through the typical Mexican loan process which is 60-90 days. We want an investor who can fund prior to 1 Jan 10. The primary borrower is a fully employed solid American citizen with assets and a 680 FICO score. Seeking 15.2% LTV on a 2.3 million dollar Villa in a brand new gated community. Recent quality appraisal with comps on the same block. The Baja region of Mexico where the property is located has NOT been affected by drug wars and the swine flu scare. This area ( known as Puerto Los Cabos-refer to (www.puertoloscabos.com) is in San Jose Del Cabo, 20 minutes from Cabo San Lucas, sitting above the newest deep water Marina built only last year. A full time caretaker lives in and manages the home. This area will most likely become one of the premier resort areas in the entire region of Baja Mexico. The Villa sits on one of two golf courses in this gated community secured by 24 hour security officers. It's a 5500 square foot mansion nestled amongst many 2- 6 million dollar homes. 6 bedrooms, 6.5 baths, (including maid's quarters) upper level pool, furnished, landscaped, a true Gem. The views are spectacular, overlooking golf, the Marina, and the Sea of Cortez. The client will retain this home as a second home and will consider an equity partner. The home was built 2 years ago and the client is in at over 1.5m dollars. The property if fully titled and in an HOA controlled environment. The loan will be a first mortgage (property is free and clear). Willing to pay reasonable rate, points and fees. A 6 month pre-pay is acceptable. Not interested in Brokers looking to shop this loan, and if you don't have a direct line to the investor, or know of a conventional lender that can ram this through at high speed, please don't respond to this message. You will be asked to set up a conference call with the investor. We are happy to sign a non- circumvent agreement. There is no other lender in this deal- so the fees are yours. Other than a site visit fee- we will NOT pay due diligence fees. If you feel you can assist directly as described above, please call Dave toll-free at (866) 440-5566 between the hours of 7am-5pm PST Only with your funding proposal. To Be Removed: http://verticalnewsteam.com/members.aspx?Task=OOS&SI=4391947&E=cari-kawan%40yahoogroups.com&S=1&NL=182 (c) 2009 VerticalMail [Non-text portions of this message have been removed]
