80% LTV, $1,540,000 Purchase, Personal Residence

San Francisco, California

OPPORTUNITY: A Bay Area real estate investor came to us for help in the purchase of a second home, in Phoenix Arizona. The property had been denied financing as an ‘unseasoned’ condominium project.

SOLUTION: We were able to overcome the objections to the condominium project and obtain a loan at favorable terms for a second home. In an expression of continuing confidence the same borrower closed two additional loans with us in the same year.

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