5-10 Units
Minimum square footage of each unit
What is 500 square feet?
4 month SE Dentist using bank statements- prior W2 for 5 yrs
2 yrs financials from previous owner
800 FICO
$500K+ in reserves after closing
What is 90% LTV
If you charge 2.25% on a bridge loan what is your compensation payout in basis points
What is 35 bps
CDFI Commnity Development Financial Instituion
Excempt from certain ATR rules
No Ratio Product for Owner Occupied properties
Loan amounts to $5MM
ATR in full for depletion products
Who is Champions Funding
My nickname is Yosemite Sam
I drive a Hummer with a ladder
Lowest expense report in the company
Used to live in Cincinnati
Who is Tom Cooperstein
Minimum DSCR for this product
What is 1.1 or greater
Canadian Resident
No US Credit
Buying Primary Residence in US
Foreign Income
3.71 payshock and $73K in reserves
What is 65% LTV
Priced as Foreign National treated like NPRA
Balloon term for investment property
What is 6 months
Bank Statement HELOC's
Closed End 2nd's
Jumbo loan up to 95% LTV
Loans to $4MM, 1099 and DSCR to $3MM
Default to 50% expense factor on bank statement loans or need CPA or P&L to go lower
Who is Angel Oak Mtg
Played college football
Entire family(including cousins, nephews etc) works at LendSure
Drives a Porsche 911
Counts macros for every meal
What company do all the appraisal reviews need to be submitted through
What is Vision Commercial Appraisal Review
780 FICO
Previous W2 Consultant for 3 yrs
3 months SE as a Consultant w/3 mos bank statement income
12 months reserves
What is 80% LTV
What is daily per diem from the time the loan funds unitl the date of payoff
Interest only Bridge product for investment only
Loans up to $10MM
ATR in full product
Foreign Natinal Loans up to $3MM
What is ACRA Lending
First AE at LendSure
Had both hips replaced in the past year
Plays in a garage band
Likes to respond to emails with "PING!"
Who is Mark Luzi
Maximum loan amount
What is $3MM (5% LTV reduction when >$2MM)
703 FICO
Owner Occupied Purchase
Previous construction worker-Opened Insurance Office for 2 months.
Used 2 months bank statements
Owned current primary free and clear and another investment property free and clear
What is 80% LTV
What is cross-collateralization
Focus on Airbnb/VRBO with AirDNA
FICO's down to 600
No Bridge Product
Offers stacking like us up to 2%
Offer 5-10 units
Who is HomeXpress
He has the 3rd highest one game reception total in the State of OR. 12 receptions for 246 yards
He is a Mollala BUCKAROO
Oregon State basketball walk-on
Hasn't sworn once in his life
Who is Todd Harris
What is 12 months
$18MM subject property value in Malibu CA
$4.5MM loan amount-25% LTV
$1.7MM cash out
780 FICO using Asset Depletion with $20MM
What is NO LTV, Joe declined
Didn't like the cash out amount, not a Cherry and wasn't smokin a fatty that day!
What is a Qualified Intermediary
Buy before you sell....sell home as-is
Close in as little as 7 days or they purchase property
No open houses
Pay zero RE Agent fees
Who is Homelight
Loves him some Chardonnay
Requires minimal sleep
Drives 120 miles a day to the office
Likes to wrap 7 irons around Elm trees
Who is Joe Lydon