Looking for lender on property in Greater Palm Springs

Rental Property Investor · Palm Springs, CA · Member since 2016 · 138 posts · 38 votes

Can anyone do better than a 6.5% right now? SFR at 660k. Offer accepted today. Credit score high 700s. I have one lender that can do 6.75% 30 year fixed 75% LTV as an investment loan and another lender than can MAYBE do 6.375% 30 year fixed 80%LTV as a second home agency loan.

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Peter Reiner

Member since 2023 · 2 posts · 1 vote

Do not use Rehan Maynard he’s a scam and a thief, he works with a guy named “scott Brandon”or “212th street lending”

They have stolen a lot of money from people I know.

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Account Closed
Lender · CA · Member since 2022 · 48 posts · 23 votes
3y
That is actually a really good rate in this current market, especially with that high of leverage. I'd be surprised if you found better.
Most lender's floor is in the 7's.
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Heith Reade
Lender · Nationwide · Member since 2022 · 48 posts · 12 votes
3y
I'd have to 2nd Asia on this. Are either of them charging points?
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Pablo Flores
OP
Rental Property Investor · Palm Springs, CA · Member since 2016 · 138 posts · 38 votes
3y
Quote from @Heith Reade:

I'd have to 2nd Asia on this. Are either of them charging points?

The first one is charging .675 points. But yea i figured those terms where good. I just wasnt sure if there was better out there.
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Rehan Maynard
Real Estate Broker · Las Vegas, NV · Member since 2020 · 2 posts · 0 votes
3y
Let's connect!
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Peter Reiner
Member since 2023 · 2 posts · 1 vote
3y
Do not use Rehan Maynard he’s a scam and a thief, he works with a guy named “scott Brandon”or “212th street lending”

They have stolen a lot of money from people I know.
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