Fundings

Fundings 2017-07-07T11:35:25+00:00

100% NO INCOME VERIFICATION!!!!!

Loan Amount: $353,500

Broker Commission:

Athas Account executive: Terry O’Shaughnessy

Account executive phone number: 888-343-4588

Account executive’s email: Terry@athascapital.com

FICO: 733

Credit Grade: A+

Term Requested: 360 months

Interest Rate: 6.99%

Prepay Protection: 3 years

Occupancy: N/O/O

City and State collateral was located in: University Park, TX

Type of Collateral: SFR

Special Circumstances: Buyer was buying a rental property for his real-estate portfolio and didn’t want to prove any income whatsoever!

NO proof of income on commercial property.

Loan Amount: $336,300

Broker Commission: $10,089.00

Athas Account executive: Barry Boston

Account executive phone number: 805-432-7683

Account executive’s email: bboston@athascapital.com

FICO: 694

Credit Grade: A

Term Requested: Three Year IO

Interest Rate: 8.50

Prepay Protection: One Year

Occupancy: Owner User

City and State collateral was located in: Oakdale, CA

Type of Collateral: Retail Commercial

Special Circumstances:Retail Multi-Unit Commercial 57 LTV Credit Grade “A” Owner User Three Year IO to payoff private lender at higher rate. No significant credit challenges, but BORR unable to document income in traditional sense.

If you have a Non-Prime loan request call Barry Boston at Athas!!

12 X 90 on the mortgage!!!!!

Loan Amount: $162,500

Broker Commission: $3,250.00

Athas Account executive: Barry Boston

Account executive phone number: 805-432-7683

Account executive’s email:bboston@athascapital.com

FICO: 579

Credit Grade: B

Term Requested: Three Year IO

Interest Rate: 9.99

Prepay Protection: One Year

Occupancy: N/O/O

City and State collateral was located in: Scottsdale, AZ

Type of Collateral: Multi-Family

Special Circumstances:Multi-Family Six-Unit Commercial “B” 9.99 Rate 65 LTV. BORR significant credit challenges. 12×90 previous 12 months and 150 days down on another mortgage previous twelve months.

If you have a Non-Prime loan request call Barry Boston at Athas!!

Loan Amount: $344,250

Broker Commission: $9,466.87

Athas Account executive: Barry Boston

Account executive phone number: 805-432-7683

Account executive’s email: bboston@athascapital.com

FICO: 741

Credit Grade: A

Term Requested: 7/23

Interest Rate: 6.99

Prepay Protection: None

Occupancy: O/O

City and State collateral was located in: Yucaipa, CA

Type of Collateral: SFR

Special Circumstances: O/O Consumer Purpose Purchase. Borrower spouse had significant unpaid student loan debt in collections. Self-employed, pension and SSA income. Borrower also had to pay off some consumer CC debt through COE to qualify. Borrower buying down in property value and size. 6.99 Rate 75 LTV.

Highlights of this Day: Time sensitive purchase. Loan had fallen out with previous lender. Loan funded in 22 Business Days.

If you have a Non-Prime loan request call Barry Boston at Athas!!!

When the other hard money lenders drag their feet.

Loan Amount: $665,000

Broker Commission: $12,000.00

Athas Account executive: Barry Boston

Account executive phone number: 805-432-7683

Account executive’s email: bboston@athascapital.com

FICO: 741

Credit Grade: A+

Term Requested: Two Year IO

Interest Rate: 7.99

Prepay Protection: None

Occupancy: N/O/O

City and State collateral was located in: Calabasas, CA

Type of Collateral: SFR

Special Circumstances: Retail N/O/O No-Income Investment Purchase for BORR that rents primary. 70 LTV at 7.99 Rate. Loan had fallen out with another private lender. Seller was more than anxious and ready to pull the plug. Timing was very important. BORR self-employed using partial gift from corp.

Highlights of this Day: Time sensitive purchase. Loan funded in 5 Business Days.

If you have a Non-Prime loan request call Barry Boston at Athas!!!

Yes we fund small loans too.

Loan Amount: $50,000

Broker Commission: None. $2,500.00

Athas Account executive: Barry Boston

Account executive phone number: 805-432-7683

Account executive’s email: bboston@athascapital.com

FICO: 550

Credit Grade: B

Term Requested: Two Year IO

Interest Rate: 8.50

Prepay Protection: None

Occupancy: N/O/O

City and State collateral was located in: La Quinta, CA

Type of Collateral: SFR

Special Circumstances: Retail N/O/O Two Year IO Bridge Credit Grade B. This deal was a little messy due to the way subject was previously held with a former partner in an LLC that had been dissolved. In addition, BORR had previous 18 x90 mortgage late 2016 and 2015, collections and a loan mod.

Highlights of this Day:This was a true no-income doc business purpose deal for a BORR with significant unseasoned credit challenges.

If you have a Non-Prime loan request call Barry Boston at Athas!!!

Rebate on Hard money??????? Yes at Athas it exists!

Loan Amount: $100,000.00

Broker Commission: $3,000.00 in points AND a $2,000 rebate!!!!

Athas Account executive: Bob Ray

Account executive phone number: 818-309-5229

Account executive’s email: Bob@AthasCapital.com

FICO: 666

Credit Grade: A-

Term Requested: 3/27

Interest Rate: 8.75

Prepay Protection: Yes. 3 Year

Occupancy: Non Owner Occupied

City and State collateral was located in: San Pedro, CA

Type of Collateral: 4 Units

Special Circumstances: Borrower needed to complete a 1031 exchange. Purchase price of the new property was $980,000.00, $100,000.00 more than the proceeds from her sale. She came to Athas for the funds to bridge that gap and close this transaction on time. We did all of this without forcing the borrower to prove income!

Highlights of this Day: Seller wanted to pull out of this transaction but the fact that Athas Capital had the approval and ability to draw the documents and close kept this deal together. Both the Borrower and Broker were very pleased with another ATHAS CAPITAL FUNDING.

If you have a Non-Prime loan request call Bob Ray at Athas!!!

From application to closing in 14 days on a TRID loan!!!

Loan Amount: $162,500

Broker Commission: $4500

Athas Account executive: Erika Avildsen

Account executive phone number: 818-930-5578

Account executive’s email: erika@athascapital.com

FICO: 785

Credit Grade: A+

Term Requested: 7/23

Interest Rate: 5.875%

Prepay Protection: No Prepay or minimum interest

Occupancy: O/O

City and State collateral was located in: Beaverton, OR

Type of Collateral: SFR

Special Circumstances: Borrower needed cash out to pay off a divorce settlement or he was going to have to sell his house. he borrower was trying to get a loan with another lender who was taking too long and needed a quick close on a consumer loan. We processed and funded this loan in 14 business days.

If you have a Non-Prime loan request call Erika Avildsen at Athas!!!

ASSET DEPLETION LOAN!!!!

Loan Amount: $679,000

Broker Commission: $17,000

Athas Account executive: Erika Avildsen

Account executive phone number: 818-930-5578

Account executive’s email: erika@athascapital.com

FICO: 706

Credit Grade: A+

Term Requested: 30 year fixed

Interest Rate: 5.99% @ par

Prepay Protection: No

Occupancy: O/O

City and State collateral was located in: Malibu, CA

Type of Collateral: SFR

Special Circumstances: Borrower didn’t have traditional income documentation, but had a lot of assets. We did this as an asset depletion loan. The subject property was free and clear and the borrower cashed out $679K.

Quick close and NO PROOF OF INCOME!

Loan Amount: $594,300

Broker Commission: $8,900

Athas Account executive: Erika Avildsen

Account executive phone number: 818-930-5578

Account executive’s email: erika@athascapital.com

FICO: 670

Credit Grade: A

Term Requested: 6 month bridge

Interest Rate: 8.99%

Prepay Protection: No

Occupancy: N/O/O

City and State collateral was located in: Irvine, CA

Type of Collateral: SFR

Special Circumstances: Borrower is a renter who purchased a N/O/O investment property. Most lenders will not allow a borrower to purchase an investment property without owning a primary residence. We of course didn’t ask the borrower to prove his/her income.

If you have a Non-Prime loan request call Erika Avildsen at Athas!!!

Refinanced to keep their home with mortgage lates and a recent CH 13.

Loan Amount: $432,000

Broker Commission: 1.5 points + $895 processing fee

Athas Account executive: Hal Friedman

Account executive phone number: 818-930-5553

Account executive’s email: Hal@athascapital.com

FICO: 633

Credit Grade: D

Term Requested: 360 months

Interest Rate: 10.24%

Prepay Protection: No prepay penalties

Occupancy: N/O/O

City and State collateral was located in: Morgan Hill, CA

Type of Collateral: SFR

Special Circumstances: Chapter 13 was dismissed just 4 months prior, they were short to close over $10,000 and they were not able to make mortgage payments for over 6 months, but Athas Capital was still able to fund this loan! We were also able to help this family avoid an impending, very large balloon payment from the previous lender due just as we funded. If not for our loan, this family would have been able to keep their home.

If you have a Non-Prime loan request call Hal Friedman at Athas!!!

5 Day Close!!

Loan Amount: $181,500

Broker Commission:

Athas Account executive: Hal Friedman

Account executive phone number: 818-930-5553

Account executive’s email: Hal@athascapital.com

FICO: 731

Credit Grade: A+

Term Requested: 24 months

Interest Rate: 9.50%

Prepay Protection: 3 years

Occupancy: N/O/O

City and State collateral was located in: Colbert, WA

Type of Collateral: SFR

Special Circumstances: Borrower was trying to fund this loan conventionally but they were taking 2.5 months, with little to no communication from the lender. They were to the end of their ropes but then they found Athas Capital and we closed in 5 business days! This property is rural as well, but we were happy to fund the loan at 55% LTV.

If you have a Non-Prime loan request call Hal Friedman at Athas!!!

NO proof of income and extremely fast close!!!

Loan Amount: $375,000

Broker Commission: $7,500.00

Athas Account executive: Jacqueline Ienni

Account executive phone number: 949-456-9743

Account executive’s email: jacqueline@athascapital.com

FICO: 681

Credit Grade: A-

Term Requested: 7 Year

Interest Rate: 7.125%

Prepay Protection: None

Occupancy: Owner

City and State collateral was located in: Newport Beach, California

Type of Collateral: Condo

Special Circumstances: Borrower was in desperate need to pull cash out from his primary residence to purchase an investment property. He could not qualify/prove his income conventionally… We were able to finance him through our unique Asset Depletion program which gave him the $175,000 Cash he needed….

If you have a Non-Prime loan request call Jacqueline Ienni at Athas!!!

100% NO INCOME used to qualify this loan!!!

Loan Amount: $108,850

Broker Commission: 2 points plus $500

Athas Account executive: Jeff Krecioch

Account executive phone number: 805-807-5875 – cell

Account executive’s email: Jeff@athascapital.com

FICO: 658

Credit Grade: A-

Term Requested: 360 months, fixed for first 3 years

Interest Rate: 8.25%

Prepay Protection: 3 years

Occupancy: Non-Owner

City and State collateral was located in: Chester, VA

Type of Collateral: SFR

Special Circumstances: Borrowers had rehabbed this property in Chester, Va over the past 14 months. Athas Capital was able to use the current appraised value and refinance the current loan which had become due. Borrowers wanted a longer term loan as they were interested in keeping this loan in their portfolio for the foreseeable future.

Highlights of this Day: Jeff Krecioch, Senior Account Executive at Athas Capital had a program that was perfect for this borrower and explained to the submitting broker in detail how this loan worked. The broker sold this program to the borrowers and they are very happy with the 30 year loan they got for their investment property. Borrowers were very excited that this loan was not going to balloon in a couple of years and they were happy they did not have to prove their income in any way.

If you have a Non-Prime loan request call Jeff Krecioch at Athas!!!

Low credit Score, Alternative documentation and a 17 day closing on a Trid loan!!!

Loan Amount: $127,000

Broker Commission: $1,905

Athas Account executive: Hal Friedman

Account executive phone number: 818-930-5553

Account executive’s email: Hal@AthasCapital.com

FICO: 670

Credit Grade: A-

Term Requested: Purchase / 30yr Fixed

Interest Rate: 6.49%

Prepay Protection: No prepayment penalty or minimum interest.

Occupancy: Owner Occupied

City and State collateral was located in: Mesa, Arizona

Type of Collateral: Condo

Special Circumstances: Alt-Doc purchase on a self-employed borrower using 24 months of personal bank statements to qualify. Due to credit and income challenges the borrower did not qualify under conventional terms.

Highlights of this Day: Even with the borrower’s credit and income challenges Athas Capital delivered! Athas Capital was able to provide the approval with a reduced rate from 6.99% to 6.49% and fund the loan within 17 days of execution.

If you have a Non-Prime loan request call Hal Friedman at Athas!!!

Let’s not force the borrower to prove income-That is such a drag!

Loan Amount: $136,500

Broker Commission: $4,095

Athas Account executive: Justin Jorns

Account executive phone number: 805-377-0914

Account executive’s email: jjorns@athascapital.com

FICO: 709

Credit Grade: A+

Term Requested: 36 month I/O

Interest Rate: 8.99%

Prepay Protection: 1 year

Occupancy: Vacant and waiting to be rented N/O/O

City and State collateral was located in: Fort Worth, Texas

Type of Collateral: Single Family Residence

Special Circumstances: Borrower didn’t have a primary residence and lived out of state. Borrower received a gift loan for full down payment. Borrower also didn’t want to prove income.

If you have a Non-Prime loan request call Justin Jorns at Athas!!!

No proof of income whatsoever!

Loan Amount: $350,000

Broker Commission: $7,000.00

Athas Account executive: Kathy Barkus

Account executive phone number: (818) 917-8935

Account executive’s email: kathy@athascapital.com

FICO: 725

Credit Grade: A+

Term Requested: 6 month

Interest Rate: 6.99

Prepay Protection: No prepayment penalty or minimum interest

Occupancy: Investor

City and State collateral was located in: Oakland, CA

Type of Collateral: 4 Unit

Special Circumstances: Borrower is an investor and needed some cash to do upgrades and make repairs on one of his 4 unit properties. Athas was able to come in, get the loan done and get the borrower the cash he needed to make repairs and invest in future properties. The borrower needed a quick and easy close and Athas got it done.

If you have a Non-Prime loan request call Kathy Barkus at Athas!!!

Fix and Flip-Yes we do those too!

Loan Amount: $161,700

Broker Commission: $3,500.00

Athas Account executive: Kathy Barkus

Account executive phone number: 818-917-8935

Account executive’s email: kathy@athascapital.com

FICO: 724

Credit Grade: A+

Term Requested: 6 month

Interest Rate: 9.99

Prepay Protection: No prepayment penalty or minimum interest

Occupancy: Investor fix and flip

City and State collateral was located in: Boise, Idaho

Type of Collateral: SFR

Special Circumstances: Athas came thru yet again. Property was less than perfect shall we say. The borrower, who is also a contractor/investor, came in and purchased the property. We did our fix and flip loan for him. Quick and easy close, no prepayment penalty. Closed on time and now the property is undergoing a complete rehab. Needless to say, the investor did very well and is currently prepping the property for resale. Athas is the place to get it done.

If you have a Non-Prime loan request call Kathy Barkus at Athas!!!

Bank will not give you a loan…NO PROBLEM!!!

Loan Amount: $207,900

Broker Commission: $4,677.75

Athas Account executive: Marc Noddle

Account executive phone number: 818-930-5579

Account executive’s email: Mnoddle@athascapital.com

FICO: 676

Credit Grade: A-

Term Requested: 360 months

Interest Rate: 7.125%

Prepay Protection: None

Occupancy: O/O

City and State collateral was located in: Hillsboro, OR

Type of Collateral: SFR

Special Circumstances: The borrower is a self-employed non-permanent resident alien who couldn’t qualify conventionally. Athas was able to secure the borrower with financing and cash-out using 24 months personal bank statements.

If you have a Non-Prime loan request call Marc Noddle at Athas!!!

No income verified whatsoever!

Loan Amount: $143,500

Broker Commission: $3,587.50

Athas Account executive: Marc Noddle

Account executive phone number: 818-930-5579

Account executive’s email: Mnoddle@athascapital.com

FICO: 776

Credit Grade: A+

Term Requested: 360 months

Interest Rate: 7.99%

Prepay Protection: 36 months

Occupancy: N/O/O

City and State collateral was located in: Concord, CA

Type of Collateral: Condo

Special Circumstances: Borrower was looking for a Non Income Verification loan on his rental property, in an effort to do some minor remodeling on additional investment properties in his portfolio and increasing their overall value and rental income potential.

If you have a Non-Prime loan request call Marc Noddle at Athas!!!

Low Fico No Problem!!!!

Loan Amount: $160,000

Broker Commission: $4,800

Athas Account executive: Marc Noddle

Account executive phone number: 818-930-5579

Account executive’s email: Mnoddle@athascapital.com

FICO: 542

Credit Grade: “C”

Term Requested: 360 months

Interest Rate: 8.375%

Prepay Protection: None

Occupancy: O/O

City and State collateral was located in: Lakeside, CA

Type of Collateral: SFR

Special Circumstances: The borrower had a rolling 30 day late payment on their mortgage for over a year, and a mountain of debt and collections. Athas provided her with the second chance she needed – she has a fresh start on a mortgage, no more delinquencies with her property taxes, no more collections, and a significant decrease in revolving debt. Her overall monthly obligation has been reduced.

If you have a Non-Prime loan request call Marc Noddle at Athas!!!

REBATE POINTS ON NON_PRIME!!!!!

Loan Amount: $369,000

Broker Commission: $3,690.00 +2 point rebate!!!

Athas Account executive: Nicole Cayton

Account executive phone number: 818 634 6509

Account executive’s email: ncayton@athascapital.com

FICO: 723

Credit Grade: A

Term Requested: 3/27

Interest Rate: 8.25

Prepay Protection: 3

Occupancy: NOOC/ Investment

City and State collateral was located in: Dallas Texas

Type of Collateral: Single Family Residence

Special Circumstances: Borrower requested for a 3-year loan with 1 year prepay despite the property was listed for sale as he decided to delisted the sale of the property after receiving an approval. During underwriting process of the loan, Athas was able to discover multiple liens against the property unbeknownst to the borrower. The borrower was able to address all issues but was still short to close due to unforeseen liens.

Highlights of this Day: Athas was able to make some adjustments by increasing the prepayment penalty, providing a rebate to the broker therefore borrower did not have to come in with money for closing for broker’s points and was able to pay the liens that was unbeknownst to him.

If you have a Non-Prime loan request call Nicole Cayton at Athas!!!

Loan Amount: $253,400

Broker Commission: $ 2,534.00

Athas Account executive: Nicole Cayton

Account executive phone number: 818-634-6509

Account executive’s email: ncayton@athascapital.com

FICO: 725

Credit Grade: A

Term Requested: 3/27

Interest Rate: 7.625%

Prepay Protection: 3

Occupancy: NOOC/ Investment

City and State collateral was located in: Richmond CA

Type of Collateral: Single family residence

Special Circumstances: Borrower needed a rush closing on this as borrower had another investment opportunity and needed the cash out from this subject property. Subject property is currently used as a day care facility for business purpose and Athas was able to close it under our NO INCOME VERIFIED program.

Highlights of this Day: Borrower is a repeat customer and currently has 4 loans with Athas. The entire process from start to finish was less than 15 days. Borrower is extremely pleased and will be financing his other properties due to the service and quick delivery of closing.

NO proof of income whatsoever!!!!

Loan Amount: $210,000

Broker Commission: $8,400

Athas Account executive: Pasha Paran

Account executive phone number: 818-802-3579

Account executive’s email: pasha@athascapital.com

FICO: 743

Credit Grade: A+

Term Requested: 3/1 ARM

Interest Rate: 8.50%

Prepay Protection: No Prep-Pay

Occupancy: INVESTOR

City and State collateral was located in: Clifton, NJ

Type of Collateral: Condo

Special Circumstances: Condo complex was built on a site that was still under environment remediation. Also we didn’t force the borrower to prove his personal income!

If you have a Non-Prime loan request call Pasha Paran at Athas!!!

Commercial property/NO DSCR/NO proof of income!!!

Loan Amount: $318,000

Broker Commission: $6,0000

Athas Account executive: Pasha Paran

Account executive phone number: 818-802-3579

Account executive’s email: pasha@athascapital.com

FICO: 612

Credit Grade: B

Term Requested: 24 Month

Interest Rate: 9.99%

Prepay Protection: No Prep-Pay

Occupancy: INVESTOR

City and State collateral was located in: Stockton, CA

Type of Collateral: Commercial 9-unit Apartment complex

Special Circumstances: Property did not have the 1.0 DSCR calculation required for 5+ units but exception was made due to rents collected being below Market. Not only did the property not Debt service but we also didn’t make the borrower prove his personal income!
If you have a Non-Prime loan request call Pasha Paran at Athas!!!

Incomplete house-BUT we funded it anyway!!!

Loan Amount: $1,030,000

Broker Commission: $20,600

Athas Account executive: Pasha Paran

Account executive phone number: 818-802-3579

Account executive’s email: pasha@athascapital.com

FICO: 686

Credit Grade: A

Term Requested: 24 Month

Interest Rate: 9.49%

Prepay Protection: No Prep-Pay

Occupancy: INVESTOR

City and State collateral was located in: Missouri, City, TX

Type of Collateral: SFR

Special Circumstances: Property was not complete and had a construction loan maturing. We made the exception and used a generous portion of projected value once complete to allow a rate and term transaction to provide the additional time for this investor to complete the property. Also there was NO lender with holds for the completion of the project. Lastly we didn’t force borrower to prove income!

If you have a Non-Prime loan request call Pasha Paran at Athas!!!

Loan Amount: $367,500

Broker Commission: $5,512.50

Athas Account executive: Pasha Paran

Account executive phone number: 818-802-3579

Account executive’s email: pasha@athascapital.com

FICO: 803

Credit Grade: A+

Term Requested: 24 Month

Interest Rate: 8.99%

Prepay Protection: No Prep-Pay

Occupancy: NON-OWNER

City and State collateral was located in: Elk Grove, CA

Type of Collateral: SFR

Highlights of this Day: Client had COE in 7 days when Broker first contacted me. We were at docs in 6 days. Never did we ask the borrower to prove his personal income or the income of the property!

If you have a Non-Prime loan request call Pasha Paran at Athas!!!

469 fico score????????? Really?????

Borrower: PK-McKee

Loan Amount: $217,500

Broker Commission: $6,432.50

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 469

Credit Grade: D

Term Requested: 7/23

Interest Rate: 9.5

Prepay Protection: No prepay and no minimum interest

Occupancy: owner occupied

City and State collateral was located in: La Puente, CA

Type of Collateral: SFR

Special Circumstances: Refi cash out.

Highlights of this Deal: Borrower had just inherited the property. He was a D credit grade due to mid score under 500 and no good credit. The property was free and clear. Athas did a loan with $200k+ cash in hand. The borrower was able to pay off all of his debt and make a fresh start.

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

FROM SUBMISSION TO FUNDING IN 10 DAYS!!!!

Borrower: PK-Awad

Loan Amount: $1,295,000

Broker Commission: $25,995

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 732

Credit Grade: A+

Term Requested: 3/27

Interest Rate: 8.34 @ par

Prepay Protection: 2 year 1

Occupancy: Non-owner occupied

City and State collateral was located in: Venice, CA

Type of Collateral: 2 Units

Special Circumstances: Rush purchase with multiple back up offers.

Highlights of this Deal: We had 10 days to close this loan or seller would take back up offer. This was a “one touch” file. Account Manager sent the file to UW and they cleared it for docs. Athas Operation rocked and closed this deal on the COE date. Start to finish = 10 days

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

Challenging self-employed proof of income!

Loan Amount: $1,190,000

Broker Commission: $32,725

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 678

Credit Grade: A-

Term Requested: 30/30

Interest Rate: 7.125 @ par

Prepay Protection: No Prepay or minimum interest

Occupancy: owner occupied

City and State collateral was located in: Sugarland, TX

Type of Collateral: SFR

Special Circumstances: Down payment was a gift from borrowers business.

Highlights of this Deal: Borrower is SE for a very large company. We used full doc with 2014 & 15 returns. Extension for 2016 and a YTD P&L. Income was challenging but the Underwriter was able to make it work in a short amount of time

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

Jumbo Non –QM loan closed in 10 days with no proof of income!

Borrower: PK-Huang

Loan Amount: $1,372,000

Broker Commission: $13,720

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 684

Credit Grade: A

Term Requested: 6 month IO

Interest Rate: 8.5 @ 1.875 cost

Prepay Protection: No prepay and no minimum interest

Occupancy: Non- owner occupied

City and State collateral was located in: Foster City, CA

Type of Collateral: SFR

Special Circumstances: Rush purchase with multiple back up offers.

Highlights of this Deal: We had 10 days to close this loan or seller would take back up offer. Appraisal inspection done on 3/30 – report back on 3/31. Athas Operation rocked and closed this deal on the COE date. Start to finish = 10 days

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

TRID………NO PROBLEM we close those deals super-fast!

Borrower: PK- Karim

Loan Amount: $210,400

Broker Commission: $4,208

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 622

Credit Grade: B

Term Requested: 7/23

Interest Rate: 7.875 @ par

Prepay Protection: No prepay or minimum interest

Occupancy: owner occupied

City and State collateral was located in: Richmond, TX

Type of Collateral: SFR

Special Circumstances: Rush Purchase

Highlights of this Deal: Closed this TRID loan in 14 days.

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

Athas will NOT allow another Non-Prime lender beat us on pricing!!

Borrower: PK-Yip

Loan Amount: $1,277,500

Broker Commission: $13,425

Athas Account executive: Patty Kennedy

Account executive phone number: 310-962-3513

Account executive’s email: patty@athascapital.com

FICO: 568

Credit Grade: B

Term Requested: 3 year IO

Interest Rate: 9.99 @ 1.875 cost

Prepay Protection: 3 year

Occupancy: Non- owner occupied

City and State collateral was located in: Irvine, CA

Type of Collateral: SFR

Special Circumstances: Refi cash out.

Highlights of this Deal: We were up against another lender on this deal. AE went directly to Management to beat the other lender. Challenging file as borrower was very particular. We were able to meet the borrowers needs and funded in 20 days.

If you have a Non-Prime loan request call Patty Kennedy at Athas!!!

Gift of Equity and No proof of income!

Loan Amount: $110,500

Broker Commission: $2210

Athas Account executive: Shaedon Boudreaux

Account executive phone number: 805-624-1387

Account executive’s email: Shaedon@athascapital.com

FICO: 735

Credit Grade: A+

Term Requested: 3 years

Interest Rate: 8.99%

Prepay Protection: 1 year PP

Occupancy: NOO

City and State collateral was located in: Buckeye, AZ

Type of Collateral: SFR

Special Circumstances: This scenario came to us from a Broker familiar with Athas’ Hard Money program. The borrower wanted to purchase their Father’s property to begin their step forward into the world of real estate investing and utilize their real estate acquisitions for their networking business. Only requesting 7 Broker conditions after the conditional approval was issued. Athas closed the Non Arms Length transaction quickly and all with no proof of income!

If you have a Non-Prime loan request call Shaedon Boudreaux at Athas!!!

589 fico……..NO PROBLEM!!!!

Loan Amount: $160,000

Broker Commission: $3200

Athas Account executive: Shaedon Boudreaux

Account executive phone number: 805-624-1387

Account executive’s email: Shaedon@athascapital.com

FICO: 590 and 589

Credit Grade: B-

Term Requested: 7/1 ARM

Interest Rate: 6.99%

Prepay Protection: None

Occupancy: OO

City and State collateral was located in: Lake Havasu City, AZ

Type of Collateral: SFR

Special Circumstances: This scenario came to us from a Broker familiar with Athas’ Non-Prime OO program. Both Borrowers had impacted credit scores and Athas gladly took them in. We facilitated a loan that would help them acquire their new retirement home in Lake Havasu City after the sale of their home in California. Aside from providing the best terms possible for the borrowers Athas assisted all parties in decreasing the borrower’s debts. We did this all in time for the borrowers to show up in Lake Havasu with their moving truck, sign their loan docs, fund their loan, and have them move in as planned.

If you have a Non-Prime loan request call Shaedon Boudreaux at Athas!!!

12 month bank statements for proof of income!

Loan Amount: $209,425

Broker Commission: $7,854.00 + $600 processing fee.

Athas Account executive: Steve Nicholl

Account executive phone number: 619-408-2908

Account executive’s email: snicholl@athascapital.com

FICO: 688

Credit Grade: A-

Term Requested: 7 year

Interest Rate: 7.125%

Prepay Protection: No prepay

Occupancy: O/O

City and State collateral was located in: Palmdale, Ca.

Type of Collateral: SFR

Special Circumstances: Borrower was able to prove ability to repay by using business bank statements.

If you have a Non-Prime loan request call Steve Nicholl at Athas!!!

Man was this file a mess but Athas’s Back office stepped up!

Loan Amount: $213,500.00

Broker Commission: $5,337.50

Athas Account executive: Stuart Solomon

Account executive phone number: 818-930-5559

Account executive’s email: Stuart@AthasCapital.com

FICO: 695

Credit Grade: A-

Term Requested: 3/27

Interested Rate: 8.25%

Prepay Protection: 3 years

Occupancy: Non Owner Occupied

City and State collateral was located in: Myrtle Beach, SC 29582

Type of Collateral: 4 unit Residential

Special Circumstances: This South Carolina’s Property Title Address had to be updated through the help of the Athas Account Manager and the South Carolina Title Officer. This may have taken an additional 4 weeks to complete if not for the Athas Account Manager working above and beyond her regular duties.

Highlights of this Day: This borrower was turned down from several other well-known Non-Prime Lenders when Athas received her loan submission. Athas senior account executive Stuart Solomon was able to get this loan conditionally approved in 8 hours. “We approved her loan and cured her title issues that other lenders walked away from.”

If you have a Non-Prime loan request call Stuart Solomon at Athas!!!

Lightning quick close! NO PROOF of income whatsoever!

Loan Amount: $585,909

Broker Commission: $11,718.18

Athas Account executive: Steve Nicholl

Account executive phone number: 619-408-2908

Account executive’s email: snicholl@athascapital.com

FICO: 715

Credit Grade: A+

Term Requested: 24m I/O

Interest Rate: 8.99%

Prepay Protection: No prepay

Occupancy: Owner O/O

City and State collateral was located in: Orange, Ca.

Type of Collateral: SFR

Special Circumstances: Borrower was NOT asked to prove any income whatsoever!

Highlights of this Day: Athas was able to help our borrower to fulfill his goal to purchase his new investment home w/ our no income program so he can rent it out.

If you have a Non-Prime loan request call Steve Nicholl at Athas!!!

Loan Amount: $150,800.00

Broker Commission: 2.5 Points

Athas Account executive: Stuart Solomon

Account executive phone number: 818-930-5559

Account executive’s email: Stuart@AthasCapital.com

FICO: 715

Credit Grade: A

Term Requested: 3/27 3YR-PPP

Interest Rate: 7.625%

Prepay Protection: Level 1

Occupancy: Non Owner Occupied

City and State collateral was located in: Victorville, CA 92392

Type of Collateral: SFR

Special Circumstances: Vested into a Trust, Conditional Loan offered on Tuesday March 14th, Borrower executed loan on Monday March 20th, Loan Funded on Thursday April 6th (20th day after execution)

Highlights of this Day: Borrower came to Stuart Solomon, Sr. Account Executive at Athas Capital, because of his reputation to manage complex loans and find solutions. His 35 years of banking experience enable Stuart to stand above all competition.
Despite this loans complexity of a Trust owning an LLC with multiple members, Stuart worked exceptionally hard to fund the loan in under 20 days.

If you have a Non-Prime loan request call Stuart Solomon at Athas!!!

SOMETIMES BORROWERS JUST DON’T WANT TO BE FORCED TO PROVE INCOME!!!

Loan Amount: $237,250

Broker Commission: $7,118.00

Athas Account executive: Steve Nicholl

Account executive phone number: 619-408-2908

Account executive’s email: snicholl@athascapital.com

FICO: 655

Credit Grade: B

Term Requested: 2yr IO

Interest Rate: 9.99%

Prepay Protection: No prepay

Occupancy: N/O/O

City and State collateral was located in: Phoenix, AZ

Type of Collateral: 5 unit Multifamily

Special Circumstances: Borrower was NOT asked to prove any income what so ever!

If you have a Non-Prime loan request call Steve Nicholl at Athas!!!

Loan Amount: $148,000.00

Broker Commission: 2.0 Points + $595 Fees

Athas Account executive: Stuart Solomon

Account executive phone number: 818-930-5559

Account executive’s email: Stuart@AthasCapital.com

FICO: 749

Credit Grade: A

Term Requested: 7/1

Interest Rate: 6.875%

Prepay Protection: N/A

Occupancy: Owner Occupied

City and State collateral was located in: Reseda, CA 91335

Type of Collateral: Residential Condo

Special Circumstances: Conditional Loan offered on Friday March 31, Borrower executed loan on Tuesday April 4th, Loan Funded on Monday April 24th (15th day after execution)

Highlights of this Day: Borrower came to Stuart Solomon, Sr. Account Executive at Athas Capital, knowing they needed to fund this purchase in under 24 days. It had been turned down by several banks and escrow contract was expiring. Athas was able to fund the loan in under 15 days.

High DTI and Gift down payment

Loan Amount: $335,500

Broker Commission: $6,701

Athas Account executive: Steve Nicholl

Account executive phone number: 619-408-2908

Account executive’s email: snicholl@athascapital.com

FICO: 735

Credit Grade: A

Term Requested: 360 months

Interest Rate: 5.875%

Prepay Protection: No prepay or minimum interest

Occupancy: O/O

City and State collateral was located in: San Jose, CA

Type of Collateral: SFR

Special Circumstances: The Nguyen had their hearts set on purchasing a particular new home. But they were getting let down by other lenders. Athas stepped in and was able to help w/ a higher qualifying ratio (54%dti.) not to mention Gift money for the down payment! In turn, the Nguyen’s, with Athas assistance, were able to get the keys to their new home.

If you have a Non-Prime loan request call Steve Nicholl at Athas!!!

Buying a new home while in foreclosure with a rental property!

Loan Amount: $384,000

Broker Commission:

Athas Account executive: Terry O’Shaughnessy

Account executive phone number: 888-343-4588

Account executive’s email: Terry@athascapital.com

FICO: 608

Credit Grade: D

Term Requested: 360 months

Interest Rate: 9.49%

Prepay Protection: No prepay penalties or minimum interest

Occupancy: O/O

City and State collateral was located in: Lakewood, CA

Type of Collateral: SFR

Special Circumstances: This particular loan request came to us from a borrower that was currently in foreclosure with one of his rental properties. But this borrower wanted to buy a new owner occupied home for himself and his family. The borrower had 35% down and a stable job. Athas was proud to help this borrower out that obviously had challenged credit.

If you have a Non-Prime loan request call Terry O’Shaughnessy at Athas!!!

27001 Agoura Road Suite 200 Calabasas Hills, CA 91301
Phone: 1-877-877-1477
Email: info@athascapital.com

Licensed under the Department of Business Oversight California Finance Lenders Law. Loans are made or arranged under the Department of Business Oversight California Finance Lenders Law License # 603 F869 NMLS# 275237