Need help finding a lender for a $5m 2nd mortgage
Hey all! I am a hard money lender/mortgage broker and I am struggling to place a loan, figured I'd come here and ask around. (don't know if the loan is even possible-but gotta try right?!)
I have a client with perfect credit/income, has a house (his primary) worth $22m and is looking for a $5m 2nd mortgage for a combined LTV of 60%. Are there ANY lenders that'll do a 2nd loan that high? I can't find any...
Any help is appreciated.
Thank you!