Fundings

Fundings 2017-10-17T09:21:49+00:00

$3,200,000 funded in 15 Days an O/O No income verified business purpose loan

Loan Amount: $3,200,000.00

Broker Commission: $64,000.00

Athas Account Executive: Alvin R. Greene

Account Executive phone number: 818-930-5554

Account Executive’s email: Alvin@AthasCapital.com

FICO: 692

Credit Grade: A

Term Requested: 12 Month I / O

Interest Rate: 7.75%

Prepay Protection: No Prepay Penalties, No MI & No Reserves Required

Occupancy: O/O

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

Type of Collateral: Primary-SFR

Special Circumstances: Borrower was self-employed and was the President & CEO of a Real Estate Investment and Property Management Firm, who required an immediate injection of working capital for his company. Borrower had been turned down by multiple Lenders before coming to Athas Capital. This transaction was structured as a 12 Month I / O Business Purpose Loan and was mission critical for the borrower. Athas was able to leverage its deep product offerings to tailor a solution designed to meet the specific needs of the borrower in the form of a Capital Injection – Business Purpose Loan and was able to get this deal funded for the borrower within 15 days. Athas was proud to be able to partner with this borrower to help them achieve their strategic business goals.

Owner occupied with no proof of income!

Loan Amount: $ 626,500

Broker Commission: $ 5,012.00

Athas Account Executive: Alvin R. Greene

Account Executive Phone Number: 818-930-5554

Account Executive Email: Alvin@AthasCapital.com

FICO: 659

Credit Grade: A

Term Requested: 60 months

Interest Rate: 9.990

Prepay Protection: 3 years

Occupancy: Owner Occupied

City and State Collateral was Located in: Tujunga, CA.

Type of Collateral: SFR

Special Circumstances: Self-employed. No proof of income. Needed capital to expand business

Highlights of this Deal:HM, NIV, C/O, O/O, Business Purpose.

Limited Credit and no proof of income!

Loan Amount: $ 193,227

Broker Commission: $ 4348

Athas Account Executive:Jacqueline Ienni

Account Executive Phone Number:949-393-1892

Account Executive Email: jacqueline@athascapital.com

FICO:679

Credit Grade:A

Term Requested: 12mo. Interest Only

Interest Rate: 8.99%

Prepay Protection: NO

Occupancy: N/O- Investment property

City and State Collateral was Located in: Georgetown, Texas

Type of Collateral: SFR

Special Circumstances: Unable to provide proof of income, lack of tradelines and Reserves.

When banks Turn you down Athas is here for you!

Loan Amount: $ 395,500

Broker Commission: $ 5455

Athas Account Executive: Jacqueline Ienni

Account Executive Phone Number: 949-393-1892

Account Executive Email: jacqueline@athascapital.com

FICO: 679

Credit Grade: A

Term Requested: 12 mo. Interest Only

Interest Rate: 9.50%

Prepay Protection: NO

Occupancy: N/O- Investment property

City and State Collateral was Located in: Tustin, CA

Type of Collateral: Condo

Special Circumstances: Client was trying to purchase investment property through conventional financing. Client was unable to obtain financing due to lack of credit and insufficient amount of reserves. Broker came to us w/past COE date. Approval issued w/in 4 hours… Funded within 2 weeks. Happy client!!

Bridge loan for some quick cash out with no proof of income!

Loan Amount: $ 108,000

Broker Commission: $ 2000.00

Athas Account Executive: Jacqueline Ienni

Account Executive Phone Number: 949-393-1892

Account Executive Email: jacqueline@athascapital.com
FICO: 667

Credit Grade: A

Term Requested: 12mo. Interest Only

Interest Rate: 8.99%

Prepay Protection: NO

Occupancy: N/O- Investment property

City and State Collateral was Located in: Almond, Texas

Type of Collateral: SFR

Special Circumstances: Refi-cash out. Client needed to cash out to purchase another investment property. Client was unable to provide proof of income. We funded in less than 30 days giving him $108,000 cash he needed. Happy client!!

Loan Amount: $209,075

Broker Commission: $4,000

Athas Account Executive: Jeff Krecioch

Account Executive phone number: 818-930-5556

Account Executive’s email: Jeff@athascapital.com

FICO: None

Credit Grade: B

Term Requested: 12 months

Interest Rate: 9.50%

Prepay Protection: No Pre-Pay

Occupancy: Non-Owner

City and State collateral was located in: Union City, Ca

Type of Collateral: SFR

Special Circumstances:Borrower wanted a loan where they did not have to prove income in any way. This was a friend of the broker so broker did this loan for the borrower at the minimum amount required to fund a loan with Athas Capital Group

Highlights of this Deal:This was a free and clear property that borrower had used their own cash to purchase last year. Borrower was able to get the cash out they needed so they could make further real estate investments.

Bank statements to prove ATR

Loan Amount: $997,000

Broker Commission: $19,940.00

Athas Account Executive: Mike Majidian

Account Executive phone number: 818-930-5569

Account Executive’s email: Mike@athascapital.com

FICO: 727

Credit Grade: A

Term Requested: 7 / 1 ARM

Interest Rate: 7.125%

Prepay Protection: No Prepay Penalties, No MI & No Reserves Required

Occupancy: O/O

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

Type of Collateral: 2 Unit Property

Special Circumstances: Borrower was self-employed and purchasing an owner occupied 2 Unit Property in a highly desirable area of San Diego, CA and within a very competitive purchase market. This transaction was structured as a 24 Month Personal Bank Statement deal and Athas was able to utilize multiple client Bank Statements to get this deal executed for the borrower. Athas was proud to be able help this borrower achieve their dream of owning this beautiful property and calling it home.

Poor Mtg history…..NO PROBLEM!

Loan Amount: $211,000

Broker Commission: $ 6, 435

Athas Account Executive: Nicole Cayton

Account Executive phone number: 818-634-6509

Account Executive’s email: ncayton@athascapital.com

FICO: 702

Credit Grade: A

Term Requested: 7-year term

Interest Rate: 5.625 %

Prepay Protection: NONE

Occupancy: Owner occupied

City and State collateral was located in: Los Angeles

Type of Collateral: SFR

Special Circumstances: 2 -unit property with previous adverse mortgage rating and mortgage delinquencies in the past of borrower.

Highlights of this Day: Borrower could only attain Hardmoney loan in the past due to previous overall credit worthiness. Athas was able to provide a loan to take out his current Hardmoney lender and provide him rates in the single digits.

6.5% with no proof of income!

Loan Amount: $105,000

Broker Commission: $ 3,150

Athas Account Executive: Nicole Cayton

Account Executive phone number: 818-634-6509

Account Executive’s email: ncayton@athascapital.com

FICO: 680

Credit Grade: A-

Term Requested: 30 years fixed

Interest Rate: 6.5%

Prepay Protection: 3-year prepayment penalty

Occupancy: NON -Owner occupied

City and State collateral was located in: Sacramento California

Type of Collateral: SFR

Special Circumstances: Borrower has multiple properties and cannot get conventional financing and needed cash out to purchase other properties to grow real estate property.

Highlights of this Day: We were able to give the borrower a fully 30-year term with low rates. No Income Stated, No Income Verified. Max cash out.

Closed in 5 days!!!

Borrower: Lalayan

Loan Amount: $840,000

Broker Commission: $7,350

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 711

Credit Grade: A+

Term Requested: 2 year interest only

Interest Rate: 9.49 @ 1.875 cost

Prepay Protection: none

Occupancy: non-owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Special Circumstances: This was a purchase and borrower needed a fast closing due to all the back up offers
Highlights of this Deal: AE submitted file to Underwriting on 5/12 – approved on 5/12 and funded on 5/18 = 5 business days. Broker and borrower needed a fast closing and Athas was here to deliver!

TRID loan closed in 13 days!!!

Borrower: Chung

Loan Amount: $1,000,000

Broker Commission: $10,000

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 778

Credit Grade: A

Term Requested: 30/30

Interest Rate: 5.99 @ par

Prepay Protection: no prepay

Occupancy: owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Special Circumstances: rush purchase. Borrower could not go traditional financing due to gap in employment. Athas required an LOE

Highlights of this Deal: This file was a rush purchase. Athas Capital had this file into docs in 13 days. Broker and borrower needed a rush and Athas Capital delivered on a $1,000,000 deal!!

Business Bank statements at 5.99 30 year fixed!

Borrower: Frohlich

Loan Amount: $700,000

Broker Commission: $20,850

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 692696

Credit Grade: A

Term Requested: 30/30

Interest Rate: 5.99 @ par

Prepay Protection: 2 year prepay 2/1

Occupancy: owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Special Circumstances: borrower could not go traditional financing. Borrower could only use business bank statements as income.

Highlights of this Deal: borrower was able to obtain a 5.99 @ par 30/30 loan using alternative income

ONE paystub for ATR!!!

Borrower: Chauhan

Loan Amount: $724,000

Broker Commission: $9,050

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 797

Credit Grade: A

Term Requested: 30/30

Interest Rate: 5.99 @ par

Prepay Protection: no prepay

Occupancy: owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Special Circumstances: Rush purchase. Borrower could not go traditional financing due to primary borrower just started a new job.

Construction to Perm

Borrower: Morris

Loan Amount: $1,100,000

Broker Commission: $17,195

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 688

Credit Grade: A

Term Requested: 2 year interest only

Interest Rate: 9.99 @ 1.375 cost

Prepay Protection: none

Occupancy: non-owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Special Circumstances: borrower purchased property 9/2016 for $400,000 and did a complete rebuild. Subject property is rural and borrowers construction note was due

Highlights of this Deal: Borrower purchased property for $400k 6 months ago. Athas Capital went off the appraised value and closed the loan for a fast closing

5.99% 30 year fixed!

Borrower: Muralles

Loan Amount: $1,299,900

Broker Commission: $16,248.75

Athas Account Executive: Patty Kennedy

Account Executive Phone Number: 310-962-3513

Account Executive Email: patty@athascapital.com

FICO: 692

Credit Grade: A

Term Requested: 30/30

Interest Rate: 5.99 @ par

Prepay Protection: none

Occupancy: owner occupied

City and State Collateral was Located in: California

Type of Collateral: SFR

Highlights of this Deal: borrower paid off all of his debt and obtained a 30/30 @ 5.99 lowering his over all monthly out go by $2,000+ per month

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!!!

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. BORR spouse had significant unpaid student loan debt in collections. Self-employed, pension and SSA income. BORR also had to pay off some consumer CC debt though COE to qualify. BORR 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: None. $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. The 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!!!

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

Interested 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: 818-930-5556

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!!!

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!!!

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

Interested 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 what so ever!

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 superfast!

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’ 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

Interest 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: $585,909Broker 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 what so ever!

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

Interested 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.

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