Investor closes on $1.368m loan with No Prepay and No income!
Loan Amount: $1,368,500
Broker Commission: $6,842.50
Account Executive: Marc Noddle
Account Executive Phone Number: (818) 930-5579
Account Executive Email: MNoddle@athascapital.com
Credit Grade: “A”
Term Requested: 30 years
Interest Rate: 7.875%
City and State Collateral was Located in: Lighthouse Point, FL
Type of Collateral: SFR
Special Circumstances/Highlight of deal:
This file had a little bit of everything, including a property actively listed for sale for nearly a year, and an investor with a previous loan modification and uncertainty about their exit strategy due to an uncertain real estate market. Athas Capital Group’s variety of investor products and flexibility guided us to a closing. The investor got a long-term loan with no prepay and no minimum interest, and cash-out to help with their next investment product while they await a buyer on the subject property.
Please call Marc Noddle at (818) 930-5579 to discuss your next Non Prime loan request!