Natalie Dumont
  • Boston, MA
  • United States
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Conventional loan requirements getting in the way?

Started Oct 10 0 Replies

Commercial loan requests don’t always fit into a neat little box.BofI Federal Bank is offering income property lending solutions that traditional lenders cannot. We are a NON-PRIME commercial bank…Continue

UNDISCLOSED REBATES TO BROKERS UP TO 2 pts from COMMERCIAL BANK!

Started Sep 19 0 Replies

~ BofI Federal Bank ~(call Natalie at 617-833-1565 or email at ndumont@bofifederalbank.com)Do you have a client buying/refinancing a multi-family or small balance commercial property in good market…Continue

Tags: lender, direct, low, rates, points

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Natalie Dumont posted a discussion

Conventional loan requirements getting in the way?

Commercial loan requests don’t always fit into a neat little box.BofI Federal Bank is offering income property lending solutions that traditional lenders cannot. We are a NON-PRIME commercial bank financing multi-families and SBCs for credit-impaired borrowers.Permanent financing onlyRates are in the range of 4.5-6.5%. No pointsLoan & RE brokers are paid REBATES up to 2ptsPlease email scenarios to ndumont@bofi.com or call me at 617-833-1565…See More
Oct 10
Natalie Dumont joined Admin's group
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I NEED A LOAN!

Post in this group for one reason and one reason only, if you are in need of a real estate loan.Post your request with any information that lenders and brokers need to know in order to get you financed. There are thousands of mortgage brokers and hundreds of lenders on this website. If you have a solid funding request, it will be answered!*Lenders and Brokers: DO NOT advertise here. If you see a funding request that you would like to help with, reply here or send a PM to the person in need of…See More
Oct 4

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Company name and description
Bofi Federal Bank is a portfolio, non-prime lender. We mostly work with brokers and pay our brokers UNDISCLOSED REBATES up to 2pts. Brokers can offer either PAR pricing to their clients or charge extra points upfront in addition to YSP paid by us.
We do NOT offer hard money programs, but our typical borrower is someone with a scratched profile (A-C type). Our current rates start at 4.5% and depend on the property tier and borrower profile. We offer VERY common sense UW.
Examples of "slightly scratched" transactions we closed in the past include:
-Low FICO
-Unemployed borrower
-Illegal units in the building
-Foreign Nationals requiring non-recourse (up to 65LTV)
-Break-even DSCR
-Foreclosures, Bankruptcies, Judgments
-Title violations
-Recent mortgage lates
-Low and negative global cash flow
-Very low borrower's liquidity and/or net-worth
-No rental or management experience
-IRS tax liens
-Properties in high crime area
-Sponsors with open law suits
-Poor historical operating statements

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At 7:16pm on June 29, 2017, D. Woody Jenkins said…
Hi, can you fund Charter schools?
 
 
 

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