Mortgage Grader

Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges!

Week of 12/31/16:

Borrower has an outrageous interest rate of 10 percent on a commercial line of credit of $1,150,000.

Borrower is a property fixer and flipper. He does this via separate LLC’s on each project by paying cash and having fix-up funds available.

Borrower shows cash flow and profits for the past two years.

Conventional financing won’t approve this, even though there is consistent income. That’s because there is not a two year history on each LLC (each business).

We sent the loan to a cash-flow investor that accepts business bank statements. The loan was approved and funded with an interest rate of 6.75 percent.

Happy, happy borrower than can now go out buy more properties.

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Jeff Lazerson - Mortgage Columnist since 2011