Financing in 20010>Question Details

Robert Hanson, Real Estate Pro in Silver Spring, MD

Anyone know an investor where I could place an investment 7/1 Arm for $625k loan on $2.5 million property? Looking for bank financing, not private.

Asked by Robert Hanson, Silver Spring, MD Fri Jan 10, 2014

Property in Washington DC.

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You may want to post your scenario on http://mortgagegrapevine.com/. Not as helpful as it used to be but you may find something. I was lender myself for 16 years and used to get some decent references there. Good luck.
0 votes Thank Flag Link Fri Jan 10, 2014
Yes we can do this loan , would need more info call me John Melvin 410-961-5186 Banc Home Loans
0 votes Thank Flag Link Mon Jan 13, 2014
Do you still need some lender referrals Robert?
0 votes Thank Flag Link Sun Jan 12, 2014
I do 7/1 arms under these circumstances. Email me at tony.garcia@flagstar.com
0 votes Thank Flag Link Fri Jan 10, 2014
Hi Robert,

A loan to value on a transaction like this should not be an issue, however, there are a number of questions that need to be answered. My recommendation would be to fill out a loan application. I am a lender with a local mortgage company that is licensed in DC. If you want to contact me or apply online I'd be happy to help out.

Thanks,

Michael Kenyon
703-380-3149 mobile
703-259-0785 office
Michaelk@icmtg.com
http://www.kenyonmichael.com
0 votes Thank Flag Link Fri Jan 10, 2014
Thanks Michael, I'm a lender as well. Was looking for investors. For some reason I have no one that will do a 7 year arm on this. Fixed, yes. 5/1, yes, 15 year,yes.... 7 year arm, no.... lol. Attached one unit 780 score. Do you uhave an investor that does that?
Flag Fri Jan 10, 2014
SFR? And what's the credit score? I'm interested.
0 votes Thank Flag Link Fri Jan 10, 2014
Atached one unit. 780. I can do a 5/1, but not a 7/1.
Flag Fri Jan 10, 2014
Contact Jon Lucas at Capital Bank. Tell him Elliott sent you!

Jon M. Lucas
Senior Mortgage Banker
Capital Bank, N.A. NMLS #401599
6550 Rock Spring Drive, Suite 210
Bethesda, MD 20817
JLucas@capitalbankmd.com
Office: 240-223-1920| Cell: 202-596-6634
0 votes Thank Flag Link Fri Jan 10, 2014
Go to Capital Bank in Rockville.
0 votes Thank Flag Link Fri Jan 10, 2014
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