Need help finding a lender for a $5m 2nd mortgage

Hard Money Lender · Boca Raton, FL · Member since 2015 · 6 posts · 1 vote

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!

561-609-6699

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Brandon Croucier
Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
1y
Does he income qualify for that level of debt?
Might be doable with a few funds I work with.
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- Jay HinrichsBusiness Member
  Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
  1y
  Quote from @Brandon Croucier:
  
  Does he income qualify for that level of debt?
  Might be doable with a few funds I work with.
  
  Good place to look is there in SoCAL were those price points are common.
  Nice fee if you can put it together though
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Jerry Dean
Member since 2025 · 7 posts · 0 votes
1y
Hey Johanna, appreciate you posting this.
We're a direct lender and do entertain high-balance second-position loans on a case-by-case basis, especially when there's strong equity like in this scenario (60% CLTV on a $22M primary is well within range). The key for us will be reviewing the borrower's full profile and intended use of funds.

Feel free to connect with me and we can discuss further.

If it fits our parameters, we can move efficiently.

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