Posted by BISRAM ANTOO, JR on July 22, 2003 at 18:38:37:
I saw your post and I have done a few loans similar to your, I might be able to help.
I live in Miami and we are lenders ourselves.
Clarify for me a few things thought to make absolutely sure that I might be able to help.
Are the units still under construction or have they received their CO?
Have the units been turned over to an associations?
How many units in the building in question?
Did the investor actually closed on the units or he/she has an option to buy and is trying to flip the units out to end buyers?
If purchased? How long have the units been in his/her name or trust name for that matter?
What?s his current LTV on the units, also approx what range did he purchase the units for?
Bisram Antoo, Jr.