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Updated 4 days ago on . Most recent reply

Johanna Fonseca's profile image
Johanna Fonseca's profile image
Johanna Fonseca
  • Hard Money Lender
  • from Boca Raton, FL
  • Member since Aug 13, 2015
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Johanna Fonseca's profile image
Johanna Fonseca's profile image
Johanna Fonseca
  • Hard Money Lender
  • from Boca Raton, FL
  • Member since Aug 13, 2015
Connect
Johanna Fonseca
  • Hard Money Lender
  • Boca Raton, FL
1
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Need help finding a lender for a $5m 2nd mortgage

Johanna Fonseca
  • Hard Money Lender
  • Boca Raton, FL
Posted

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! 

Miami, Florida
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