- Name
- Marc Garner
- Company
- 1st Continental Mortgage, Inc.
- E-mail
- Contact 1st Continental Mortgage, Inc.
- Website
- http://www.wannanetwork.com/TheFinancialLeader
- Office Phone
- (321) 600-1224
- Cell Phone
- (321) 749-2251
- Fax
- (321) 777-1495
- Address
- 1363 North Highway A1A, Satellite Beach , FL, 32937
What I Can Do For You
I can provide you and your clients with the level of expertise that you would come to expect in dealing with the Large Jumbo, Super Jumbo, and Ultra Jumbo properties. Now, once you send your client to me and they provide me with the necessary documents needing to close. Then, I do not see why we cannot get them to the closing table and funded in a matter of 15-20 business days.
Who I Would Like To Meet
New Clients, Realtors (Agents and Brokers), Title Closer's, Appraisers, Lenders, Builders, Developers, Owners of any kind of privately held company, and most of all anyone else that needs help in sorting through this very large financial field. Now, as for owners of privately held companies that is looking to go public. I can help you obtain initial public offerings at a greatly reduced rate and if you would like to learn more then please feel free to contact me.
How I Am Different
I work with four privately held banking divisions as well as wealth management servicing companies that enable me to procure these types of loans:
On purchases underwriters will be looking at your clients liquid assets to see that after the down payment and closing cost the can service the loan for 12 months. And, that they have a prior credit history showing that they know how to maintain these types of properties. On cash out refinances the underwriters will want to see strong liquid reserves and they will want to know what the cash out is being used for.
Purchase and Refinances ($2,000,000-$50,000,000)
Up To 80% LTV One Loan
Full Doc/SIVA
5/1 Interest Only
No Pre Paid Penalty
Rates Between 5.875%-7.25% (depending on liquid assets)
1 Day Off Of MLS Is OK
Construction Permanent Purchase Only ($2,000,000-$50,000,000)
Up To 80% LTV One Loan
Full Doc/SIVA
Prime + 1
During Construction Phase Interest Only Payments
For Permanent Financing The Rates Will Be Between 6.25%-7.25% (depending on liquid assets) on a 30 Year Loan
No Pre Paid Penalty
Again, the underwriters do not care if it is Owner Occupied, 2nd Home, Non Owner Occupied Properties, Single Family Residence, or High Rise Condos. All they are looking for is solid liquid assets, credit, and a strong appraisal. Plus, we can close loans in all 50 states as well and if you would like to send a file over for review this is what I will be looking for:
(Purchase)
1. Color copies of Driver's License and Social Security Card
2. Color copy of appraisal PDF format (after completion)
3. Please instruct the appraiser to provide E&O and license inside the PDF appraisal
4. Name and number of insurance provider
5. Name and number of title (or lawyer) company
6. Condo/Home Owner's associations name and contact information
7. Three months statements of ALL liquid assets all pages through current month
8. Signed copy of contract and all extensions
9. Copy of deposit check front and back or bank statement showing deposit exiting the account
10. Copy of credit report
11. If they have investment properties provide current leasing contracts, tax, and insurance info
12. If self employed please get a copy of articles of incorporation and business license
13. If self employed please get a copy of articles of good standing with the state
14. If self employed please provide a letter from their CPA as well
15. If construction perms please get a copy of architectural blueprints
16. If construction perms please get a copy of cost to build statement
17. If construction perms please get a copy of builders permits and licenses
18. If full document please get two years tax return/W-2's and two pay stubs
(Refinances)
1. Color copies of Driver's License and Social Security Cards
2. Color copy of appraisal PDF format (after completion)
3. Please instruct the appraiser to provide E&O and license inside the PDF appraisal
4. Copy of current home owner's insurance policy
5. Copy of old title policy
6. Condo/Home Owner's associations name and contact information
7. Three months statements of ALL liquid assets all pages through current month
8. Payoff's on any or all mortgage accounts
9. Copy of credit report
10. If they have investment properties provide current leasing contracts, tax, and insurance info
11. If self employed please get a copy of articles of incorporation
12. If self employed please get a copy of articles of good standing with the state
13. If self employed please provide a letter from their CPA as well
14. If construction perms please get a copy of architectural blueprints
15. If construction perms please get a copy of cost to build statement
16. If construction perms please get a copy of builders permits and licenses
17. If full document please get two years tax return/W-2's and two pay stubs
To close in a LLC/Non-Profit Organizations name there can be:
1. No more then 4 members
2. All members must be individuals
3. All members are required to sign the note
4. No subordinate financing available
5. Three months business bank statements
6. Two years business tax returns
