How is Hard Money underwriting more art than science? High volume Conventional lenders world use Automated Underwriting (AU) engines to determine if a borrower qualifies for a loan. Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Loan Prospector digest reams of quantitative data and spit out the yes or no decision on a residential…
Yucca Valley, CA Download Recent Transaction – Cash-Out Commercial Loan Funded – Yucca Valley Property / Loan Information Property Type Commercial Bldg, Retail Lien Position 1st TD Loan Amount $275,000 Est. Value $1,060,000 Occup Non-Owner Occ Note Rate 11% LTV on Est Value 25.94% Loan Type Cash Put Refinance Amortization Interest Only Due in 2 years Guaranteed…
Temecula, CA Download Recent Transaction – Business Purpose Purchase – Temecula, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $516,000 Purchase Price $645,.000 Occup Non-Owner Occ. Interest Rate 10.99% LTV on Purchase Price 80% Loan Type Business Purpose Purchase Amortization Interest Only Due in 12 months Guaranteed…