Does anyone know a HML or private investor that will go 50% on appraisal done in Feb 08. The property is appraised at over 7M. So I’m needing just a 50% LTV. The property is located in Maui, Hawaii.
Mahalo for any assistance
Need more details
Commercial or residential? multi? corp or solo borrower?
I am currently working on Maui 1.3 mil deal that got approved.
Aloha,
MattG
Thanks but the property is res.2 homes on one large (19,000 sq’ Lot) and the owner can only provide alt doc for income.
You need to have them split the lot. A surveyor can do that for you. Once you have the new legal description for the second lot it should be a lot easier to get done.
On the surface that makes sense, however in Hawaii they use these homes for short term rentals and the more units on the lot the higher cash flow and value they bring to the owner.