Real Estate Financing: It's been a blood-bath out there, especially for my niche of $1,000,000 to $10,000,000 jumbo loans; there just hasn't been a home for them the past two years, but the world is starting to turn. I'm seeing a few banks going to $4m and $6m, with $1m equity lines. The trick is still in the qualifying, but we're seeing some players return. Still with brutal regulations/underwriting, multiple appraisals, and more regulations and/underwriting, it's still an uphill battle, but those with a strategy, clear vision and clear plan win the war. Let's talk, let's get it lined up and ready to strike. We have a six month window before rates start creeping up. Who do you know who needs a refi on loans greater than $729,500 in Marin, Sonoma or greater Bay Area? That would be a great referral for me. Pat Townsley, Broker. 415-310-0626
Showing posts with label Jumbo loans. Show all posts
Showing posts with label Jumbo loans. Show all posts
Monday, June 14, 2010
Lubrication in the world of Lending
Real Estate Financing: It's been a blood-bath out there, especially for my niche of $1,000,000 to $10,000,000 jumbo loans; there just hasn't been a home for them the past two years, but the world is starting to turn. I'm seeing a few banks going to $4m and $6m, with $1m equity lines. The trick is still in the qualifying, but we're seeing some players return. Still with brutal regulations/underwriting, multiple appraisals, and more regulations and/underwriting, it's still an uphill battle, but those with a strategy, clear vision and clear plan win the war. Let's talk, let's get it lined up and ready to strike. We have a six month window before rates start creeping up. Who do you know who needs a refi on loans greater than $729,500 in Marin, Sonoma or greater Bay Area? That would be a great referral for me. Pat Townsley, Broker. 415-310-0626
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