I was able to save the short sale and make the client happy. Best of all I did not have to call a list of numbers hoping for someone to pick up the phone. The process was easy and they called me after the match.
Palo Alto, CA (PRWEB) January 23, 2013
AlternativeLendingMagazine.com gains massive market share and continues to grow rapidly by incorporating the unique approach of Alternative Lending program matching rather than lender listing. Better quality lender analytical data and verified loan scenario modeling has increased customer satisfaction and loyalty. This particular Program #2488 is provided by a California hard money lender who specializes in California hard money loans.
Hard money program funds a 75% Loan to Value Purchase in 8 days. A Realtor came to AlternativeLendingMagazine.com in need of a fast close after their client was denied by the bank. With less than 10 days on the short sale approval the realtor was tired of believing the loan broker after discovering the bank had denied the client. Taking matters into his own hand, the realtor went through our program match system and was able to find a program provided by a local hard money lender that had several similar notes on properties in the area. The local hard money lender and funder who is familiar with the area, only required the client to put down 25% and receive a 3 year loan to save the deal. The realtor was amazed how easy it was that a 75% LTV could be done in the single digit interest rate.
Alternative Lending Magazine uses an automated underwriting process that evaluates consumers' unique non-conventional loan request and their capacity to afford it. The proprietary decision-making technology based on program matching, property eligibility, underwriting, ability to pay review, lender analytics, strategy and loan scenario modeling. The program will match the actual program that will fund your deal rather than give you a list of numbers to call.
Program #2488 Highlights: Fico: Not a Factor~ LTV: Max 80%~ Documentation: Full/Siva~ Property Type: Residential~ Location: Riverside County~ Type: Purchase Only~ Property Condition: Average Minimum~ Loan Size:$50k-950k Compensation: Allowed~ Vesting Allowed: All~ COE Average: 15 days~ Junior Financing: Allowed~ Rates: Alt B~ Pre-pay: None~ Position: 1st & 2nd~ Use: Owner Occ/ & N/O/O~ Construction: Allowed~ Other: ARV value allowed