He will carry a 12-24 month Owner finance and would preferrably just get rid of the second loan at a minimum. He financed in order to prevent foreclosure from relatives. listed below market and owner is very flexible - owns other rentals/properties and wants this one gone.
Property is 4k +sq ft in a nice area of Beaverton/hillsboro high tech.
contact Marc firstname.lastname@example.org or 503-985-2122
I have not talked with Greyson financial, but I will be sure to look them up and talk with them.
And I agree completely about David Scott at Silverado, he's a great guy!
We talk every once in awhile, and he and I are meeting for lunch next week.
Thanks again for the referrals.
And good luck and good business to everyone here!
Wells Fargo does indeed 'have money', being the biggest player of all now in the country. The perfect mortgage storm was just what they needed. Getting it from them is like pulling hens teeth. They are slow, overloaded and disorganized. I know, as last year I did a contract stint as an underwriter for them. Id open a file marked 'PLEASE CLOSE BY FEB 1st' that was given to me in April!!
So are the big box boys offering the best deals? Yes and no. Their rates are not that hard to beat using some large bankers. I guess you could say they are the best sources out there if you consider they are almost the ONLY lenders left. By the way learn another profession, as true mortgage brokers days are limited. I closed my 30 year mortgage shop and now do only real estate.
What about that group who funded the southern Oregon project? They have any money left? I know of ten sfrs that can be bought directly from a bank at a big discount for cash if you have a sugar daddy---let me know.