financing for condo conversions: IL

I have several investors who have or will be converting their multi-unit properties into condos.  I need financing for the purchasers. Most of the buildings are 6-12 units, however, there is a 27 unit and 40 unit complex being rehabbed and converted.  Majority of properties are 3-4 stories. 6 unit property that may be issue:  low rise building (3 stories); each unit is <850 sq. feet; all are 2 bedroom; 1 bath.  Complete rehab of interior and exterior, however.  Looking at current and former tenants as prospective buyers. Any and all contacts; numbers and suggestions welcome.  Sellers willing to assist with closing costs.  Properties located in the western suburbs of Chicago and near Southside of Chicago. Need fast turnaround. Each buyer will be prequalified prior to submission (in- file trimerge; proof of income and downpayment, therefore, prospective loan parameters are needed.

Providing Payday Loan Modification

Loan modification is the change in the terms of the loan contract. This kind of modifications will be made to the contract to help a person to manage the loan account more efficiently. This won’t influence his budget and it will be easy to repay.

With the help of this process the borrowers are able to make interest rates lower and hence, reduce their payments and it also will help to avoid late payment charge. This method helps to change in the mortgage note and make it possible for you to avoid problems with loan repayments.
The method of loan modification will update your account immediately. Payday Loan modification is an easy process that won’t bring you trouble and stress. The company has a great experience in the mortgage loans modification. This method helps to refurbish outstanding amount into a new unsettled account where all will be calculated at a time starting everything new. If you are interested in this service, visit the company’s website to get the information and apply for it. You can also do this by calling the company’s office directly. After you’ve applied to the service they will contact you for getting all the necessary information and begin the process of review.

If it’s necessary the company will provide the consultation and give you the full information about the service. Don’t waste your time, just take this opportunity to use this service.

condo purchase

I have clients in Illinois interested in purchasing a condo in a low rise building (< 4 stories).  Scenario 1: building is condo conversion in process: 12 unit building.  6 of the exsiting tenants are interested in purchasing their units.  The remaining will be listed with realtor. Scenario 2: building was converted in 1999; 6 units in total with (4) of the units sold.  My client will be #5.  Credit scores are low 500s; co-borrower has scores in low 700s however income is pension/social security.  Unit is 1400+ square feet.  Last but not least seller is willing to assist with downpayment and closing costs. Any suggestions on possible lenders?

Fwd: 90% w/ 586 middle score, Jumbo

Need help finding a home for this loan. Need a great rate with one point back.I have a full package. What can you guys do for me?
- $513,000 loan amount
- 90% LTV
- 586 middle score
- Property in Illinois
- Need a 2/28 with a low rate and one point back
- Mortgage is perfect, reason for low score is high credit limits and 2 1×30 on  2 little department store credit cards

8.375 on a 2 year @ par  take another quarter off if its a purchase….
8.625 with a point on the back if you want it.

condo purchase in FL

I have a client in IL who wants to buy a condo in FL near Ft. Myers.  This will be low rise condo, new development.  Condo will be used for vacation purposes.  Sales Price $130,000; assessment $220 per month.  Client may need NINA (no income, no asset) or stated income.  Any suggestions?  Please only respond if excellent service is available.  This client is from a cold call to my office; would like to establish good relationship.