Driveway Entrance with Steel Gate

This Orchard Ranch property’s line of credit had matured and the borrower was facing an impending NOD due to several failed refinance attempts at major banks and an impatient creditor that would not renew the line – all because the institutional lenders were singularly focused on deriving income from tax returns. We took a global approach to underwriting the borrower’s income, using bank statement deposits with asset amortization to derive additional qualifying income and facilitated a new first lien of $500,000, avoiding the NOD filing and preserving the borrowers excellent credit – all within two weeks of receiving the initial loan request.