Mortgage lead for Residential loan in Berkeley, CA, 94703

Loan Request for Residential loan in Berkeley, CA, 94703

Request #3692777 by Lender

Date Posted

2/19/2022 10:22:50 AM

Property at

Berkeley, CA, 94703, USA Show Map

Borrower at

Property Type

Residential

Property Value

$1,250,000

Loan Request

$1,000,000

LTV

80 %

Credit Rating

700-719

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Property Purchase

Purpose

*My wife and I want a$1,000,000 loan to buy a single family 2-3 bedroom home in Berkeley. *The lender's name could be on title as a co-owner to secure the $1,000,000 with this equity. *My wife owns a $1,500,000 home in Germany she can sell when her 85yrold father dies. *When that home is sold the $1,000,000 loan will be repaid and the lender would go off title. *If my 56yrold wife dies before father our home will be owned by lender on title and sold. *Lender accepts all equity gain as profit, OR only loan interest, OR half equity gain half %? *Those three potential options are for lender to consider and choose as s/he wishes.

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Loan Request for Residential loan in Berkeley, CA, 94703