Jumbo Wholesale Portfolio Products

[Chris Tanael]

Hello,

My name is Christopher Tanael, 

   I work with Fund Loans a unique Jumbo lender in Encinitas, CA. We offer true "Make Sense" underwriting by taking into account our clients full financial picture. With this understanding we are able to offer tailored mortgage solutions that greatly increase the buying power and overall strength of the Self-Employed borrower. We offer this product on a limited basis, and depending on location as well as experience. We believe this product will be a great fit for your team to close Jumbo loans others cannot.

 Here are some highlights below:

• 60% DTI Owner Occ / NO DTI on Investment Prop.

• Investment/Primary properties to 75% LTV

• Foreign National to 70% LTV

• Qualify with Interest Only on Non Prime up to 75%LTV

• 5/1ARM, 7/1 ARM, 10/1 ARM, INTEREST ONLY

• Cross Collateralization- Asset Depletion -NO PREPAY

• LOW FICO SCORES ARE - OK -  

• Credit events accepted (FC,SS,BK)

• ALL RATES -- 5.49% - 7.99% I/O

• ALL Products - 30yr. Amortizing  5/1, 7/1, 10/1 ARMS

   NICHE'S

• BANK STATEMENTS- LLC. Corp. BUSINESS or PERSONAL

• $500,000 MIN to $10,000,000 MAX

• LOW FICO'S on JUMBO/SUPER JUMBO LOANS

• NO LIMIT ON CASH-OUT amount

• NO SEASONING on the right deals

• NO SEASONING on CREDIT EVENTS, BK, FC & Short Sale

• Less than 2 years SELF EMPLOYED & NEW SELF EMPLOYED

• In House/Manual UW for ALL Loans

• Residential Loans Only, SFR, condos, 1-4 units-

• Products: 70% - 75% LTV -up to -10 Million-

• 5.49% to 7.49% -  5 year Interest Only Loans

• No Pre Payment Penalties

TOP REASONS & YOUR ADVANTAGE

• Timing (Fast Closing)

• Human "Make Sense" underwriting 

• High DTI (I've done deals at 140 DTI, with traditional calculations*)

• Lend to a corporation

• Hard Money type lending guidelines with Alt A rates. 

• Interest Only option available

  MISSION

• Serve a misunderstood Jumbo & Super Jumbo market

• Fund "Make Sense" loans when Traditional channels will not.

• Understand & Listen to our clients story with an unbiased Human Approach.

• MAKE EXCEPTIONS based on COMPENSATING FACTORS

• < AND ACTUALLY FUND DEALS BECAUSE THEY MAKE SENSE> 

 

 

C H R I S T O P H E R   T A N A E L

Wholesale Account Executive

NMLS: # 1416783    [e-mail]

Office: 760.994.4014  FUNDLoans.com

[Victor Gresham]

Good Morning,

I hope all is well.

I am looking for an $8,750,000 equity based loan secured by 213 acres +/- acres valued $17,500,000.

Property / land has real estate attached.

I need to close in 7 -10 business days.

Property Attributes

The property address is 140 Aubrey Dr. Butler, PA..

The property includes a 18 Hole Golf Course (approx. 110 acres ), approx. 105 acres of vacant development land, Clubhouse, Tea House, and associated Maintenance Buildings.

All of the land with the exception of 33 acres is zoned R-2 ( 8 units per acre).

A $1,000,000.00 + Clubhouse, 60 Golf Carts, and Tea House along with golf course maintenance equip.

The property and land is owned free and clear of any liens and held in a Family Trust.

Legal Description of Property

060-2f104-13E, 060-2F104-13F, 060-2F104-23DAA, 056-4-1, 056-4-2, 056-39B.

These parcels are located in Butler and Center Twp.`s of Butler County, Pennsylvania.

Requested Loan Terms

Non-Recourse Land Loan - Quick Close is the type of loan requested. (7-10 Days)

$17,500,000 Current Market Value.

$8,750,000 Requested Loan Amount (50% LTV).

1 Year Loan Term.

8% Annual Interest Only Payments.

(The entire one (1) year of interest only payments will be prepaid at closing so that there will be no interest only payments due during the one (1) year loan term.

One (1) Point paid for Loan Origination Fees.

If your company has an interest in approving our loan request to purchase this property and need more information, please email me with the request and I will secure the requested information.

Exit Strategy

Property will be refinanced after one (1) year to repay requested loan amount.

Conclusion

Property will be purchased for humanitarian purposes and to be developed for assisted living facilities.

Note: All property information provided by Seller.

I look forward to answering any questions you may have via email in order to receive a preliminary decision whether or not your company is interested in financing our purchase of the above property.

Best Regards,

Victor Gresham
[phone]
[e-mail]