Breakdowns of Recently Closed Portfolio and Private Loans

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Recently Closed Portfolio and Private Loans


$3,000,000 first mortgage purchase cross-collateralization loan 30 year fixed. Single Family. 100% financing. Owner-Occupied.

(We were able to use the equity in our clients current property that they were planning to sell as their down payment and cross collateralize both properties so they did not have do utilize any asset accounts for the down payment)



$900,000 first mortgage refinance "Ability to Repay" loan. 30 year fixed rate. Single Family. 65% ltv. Owner-Occupied.

(We were able to only use the Bank Statement balance to qualify (no tax returns))



$525,000 second mortgage refinance construction bridge loan. 12 month term interest only. Single Family. 70% cltv. Investment.

(We were able to fund an in-house private money second mortgage construction loan to help a client finish construction on a spec home)





Contact Us With Any Questions or Scenarios


  
Bob McCormick, President
Call Toll Free 800 328-0144
Email- McCormickLending@gmail.com


14362 N Frank Lloyd Wright Blvd 1000
Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150
Newport Beach, CA 92660




Nmlsconsumeraccess.org
Nmls 175743 AZMB 0903631
CaCFL 603J043

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