Looking to do 3 Non-Owner Occ properties- close concurrently.
SFR, 4-plex, Duplex
60% LTV R&T on all 3
Loan amounts 255,000
6 months PITI reserves for each property
Problem is he has 6 financed property and DTI 55%
Any lender I found that would accept non owner subject property with over 4 financed properties would not take over 45% DTI...
Lender Replies
Chad Scott posted the following comments on Fri Feb 12, 2010 at 3:48 pm:
7142131581
Company Name: The Coastal Lending Group
1st Loan
Program Name :
Interest Only :
No
Loan Amount :
LTV :
Term :
Rate(s) :
% @ PAR
% @ 1 Point
% @ 2 Points
% @ Points
Prepay :
2nd Loan
Program Name :
Interest Only :
No
Loan Amount :
CLTV :
Term :
Rate(s) :
% @ PAR
% @ 1 Point
% @ 2 Points
% @ Points
Prepay :
Notes:
The Coastal Lending Group can help with this loan. Send me the Fannie Mae 3.2 (.fnm) file, Credit, Income and Assets and i will get you pricing and an answer right away.
Chad Scott
National Account Executive
The Coastal Lending Group
95 Enterprise, Suite 360
Aliso Viejo, CA 92656
(714) 213-1581 Phone
(714) 784-7595 Fax
cscott@TheCLG.com Email
www.TheCoastalLendingGroup.com Website
