Broker and Buyer Loan Rescued
Corona, California Purchase
Recently a Broker from Riverside County contacted me to help rescue a frantic client, who was trying to buy a rental property. This particular Home Buyer was having difficulty getting approval elsewhere despite making excellent monthly income and having good credit (over 700 FICO). The problem was he was self-employed with difficult to prove income.
This was not a problem for my Hard Money loan programs. The loan amount needed was $749K for 2 years with a loan to value at 75%. The transaction was a Non-Owner Occupied loan for a single-family residence that the Buyer wanted to turn into a rental for additional monthly income.
I got right onto it, found one of our Private Investors who could fund the purchase, and in less than 2 weeks we had a satisfied referring Broker with a relieved and happy Buyer!
If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099. I would be more than happy to let you know how I can help with a Hard Money loan.