Term Sheet Friday - What Did Everyone Close This Week?
Lender · Newark, NJ · Member since 2026 · 13 posts · 1 vote
Happy Friday, BP community!
Thought I'd share what moved on my end this week and curious what everyone else is working on.
This week's highlights:
- Cross-collateralized portfolio cash-out (75 LTV)
- 4-property bulk cash-out refi (70 LTV)
- NJ SFR cash-out with limited tradeline borrower (75 LTV)
- $3MM Miami bank statement purchase @ 6.5%
- Brand new Miami condo rate/term refi underwriting to STR income
- Elizabeth NJ STR cash-out (70 LTV)
- TN SFR cash-out on bank statement program (75 LTV)
- $4MM+ Malibu cash-out refi on bank statement (65 LTV)
Portfolio plays, bank statement scenarios, high-balance deals, STR structures - good variety this week.
Questions for the BP community:
For investors: What did you close this week? Or what are you working on finishing up?
For brokers/LOs: How's your March projections looking?
For everyone: What's the most interesting deal structure you've seen or done recently?
I'm on the DSCR lending side, so I see a lot of creative scenarios and portfolio deals. Always interesting to hear what's working in different markets.
Hope everyone had a solid finish to February. What are you working on?