Transactions

REHAB LOAN ALBANY NY

I was able to obtain funds in 10 days to complete the rehab on this 2 family that sustained fire damage. The project was finished and refinanced into a conventional loan. Bonus- Client received additional cash at closing of $65,000

BROOKLYN NY FIX-N-FLIP

This property was purchased thru a short sale. The Client was able to get 80% purchase funds and 100% of the rehab budget. Closed in 40 days.

8 Unit Refinance Upstate NY

I was able to refinance this 8-unit rental property quickly to pay off the existing mortgage holder when they offered a short pay to my client. No tax returns, no leases needed.

2- Unit investment purchase for a Non-US citizen

This property was financed using business bank statements and closed in the Corporation name as the client was a foreign national, no VISA or work permit.

New Construction Saratoga Springs NY

The client is a builder that wanted to get into the spec home market. Build and sell. Funds were obtaind to complete the build. The value of the lot was used as client's equity in the deal. Closed in the name of the corporation. No income verification.

Mixed Use Refinance Brooklyn NY

This was one of my most difficult of all my transactions. The client purchased this property in 2007. In the height of the mortgage meltdown. The client obtained financing from Chase bank to purchase the property. A lot was missed during the process including reading thru the title report and appraisal stating this property's legal use was as a Synagogue. The client attempted to refinance out of his loan @ 9.75%. After many tries, paying for many appraisals and title searches the client was at a dead end.

I was able to secure financing to pay off the existing mortgage, work with the local building and zoning departments to obtain an updated plan to fix all outstanding items to change the to a mixed-use property. The bank held additional funds in escrow to be released upon completion of requested items. The client reduced his rate to 5.5%