Because some clients have additional assets and properties they are willing to cross-collateralize it helps leverage their current purchases. We lent over 100% financing on this house and cross collateralized in 1st position another rental property they owned. We were able to close in 2 days after we got title work back.
If you are looking for purchase or refinance money on investment or commercial properties feel free to reach out to jason@hardmoneybankers.com or 240-994-2284. We have been funding loans with all private capital since 2007 in MD, VA, DC, PA, NJ and DE