Location: San Jose, CA
Loan To Value: 85%
Loan Type: Bridge Purchase
Total Loan amount: $632,000
No Access No Appraisal. Investor that needed leverage as high as possible in order to purchase another great deal simultaneously. His limitations that provided nothing the first 3 weeks of escrow was the inability to access the property to perform an appraisal let alone a BPO. We were able to fund up to 85% LTV with no access and get loan docs out in 5 days.