Mortgage lead for Residential loan in Malibu, CA, 90265

Loan Request for Residential loan in Malibu, CA, 90265

Request #3713779 by Lender

Date Posted

2/19/2025 6:40:38 PM

Property at

Malibu, CA, 90265, USA Show Map

Borrower at

Property Type

Residential

Property Value

$7,000,000

Purchase Price

$7,000,000

Loan Request

$5,600,000

LTV

80 %

Credit Rating

600-619

Net Worth

$4,000,000 - $10,000,000

Loan Purpose

Property Purchase

Purpose

Im looking to buy a newly built SFR, primary residence, for 7 million. The down payment is coming from the sale of my existing residence of 1.5 mil, with zero debt on it, and it is already in escrow. I have minimal liquid assets, after using the proceeds from my sale of existing residence for the down pmt. I make 1.5 mil / Year net income from two businesses, and it is verifiable. Im looking for 80% LTV , or 5.5 mil loan amount. My Fico is low, at approx 600 because of one disputed trade account with a credit card.

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Loan Request for Residential loan in Malibu, CA, 90265