by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
1- We funded a $900,000 Orange County purchase with just 6.5% down payment and no mortgage insurance
2- We funded an Orange County condo, with a VA loan, and got both the Master Association and Condo Association VA approved in 30 days
3- We funded a $600,000 San Diego County purchase, with just 5% down payment and a seller-carry back second mortgage and a conventional first mortgage.
4- We funded a 7-unit San Diego apartment property, $820,000 purchase price with just 10% down and a 20% seller-carry back second mortgage.
5- We funded an “underwater” property with loan values at 135% of the appraised value in Los Angeles County.
Dana Anghel says:
I like reading stories like these. Although I am still new to the mortgage business I am finding it very very rewarding when deals like this finally fund. I love the challenge of finding solutions for borrowers even though it can at times also be very frustrating.
I’m wondering how you deal with inevitable situations such as working on a jumbo loan for weeks or even months only to have the deal fall through? How do you keep your spirits up when things like this happen?
January 15, 2014 — 1:56 am
Michael Cook says:
You know anyone working in Maryland? Need some creativity on a 10 unit apartment complex.
February 4, 2014 — 12:23 pm
Brian Brady says:
“How do you keep your spirits up when things like this happen?”
I don’t. I just keep plugging along, trying to stuff the pipe. Sorry this happened to you but I guarantee it will happen again. Keep plugging
March 13, 2014 — 8:33 pm