2.7 million Super Jumbo.. need help placing

[Thills]

I came across your site, now time to check it out. I have a 2.7 mil 85% ltv C/O SISA super jumbo I need to get done. Appraised at 3.3 mil! Looking for a lender who can do this with no pre-pay 65/20 70/15 85% 1 loan are all ok.

Any takers?

Thanks

Tim

[carlo@CreditReportAtlas]

Hello Tim,

Welcome to MBL! You are now a MortgageBrokerLandian.

Thanks,
Carlo

[brendo927]

whats the fico?...

[Thills]

Mid score 676, wow how did I leave that out.

Tim

[brendo927]

Not too bad. Problem you are goin to have is the 85% loan. Most lenders will not loan on that high LTV. Also you will need 2 appraisals and it has to be signed off by the investors. I think Countrywide might do it. Check out the scottsman guide.

[Thills]

I have a half dozen lenders that will do it, however it is the No Prepay request from my borrower that I am having difficulty with. Countrywide was a No go, I have never had any success in the past with the Scottsman as well as am approved with all the lenders in it already. I was hoping someone might have some lenders that I am unaware of that would take a look at this. Thanks for the feedback, it is appreciated. Anyone got a lender in there back pocket? An Ace up your sleeve if you will...

Tim

[jgonzalez]

Express Capital can do 2.4 m at 90% ltv try the
www.expresscap.com

[The Wizard]

Should Express Capital not be what you are looking for try Stewart Financial out of San Deigo.

[Thills]

Apreciate the feedback guys, however 2.4 mil is 300k shy. Has to be 2.7 mil minimum, and it is more like 81% ltv, probably going to need an exception. Stewart caps there combined loan amount at 2.5 million.

Thanks,

Tim

[mamoore]

This deal is not going to happen. SIVA maybe, but with that score and 85%ltv you will not get approved. You can try luxmac but you will have two appriasals and have to pay for appraisal review. You could try luxery or monsterloans.