Brad Troendle
Name
Brad Troendle
Company
Prosperity Mortgage, an Affiliate of Wells Fargo
E-mail
Contact Brad Troendle (Prosperity Mortgage, an Affiliate of Wells Fargo)
Website
http://www.renovationfinancingdc.com
Office Phone
(202) 997-4411
Fax
(202) 379-1748
Address
2300 Calvert Street NW , Washington, DC, 20008
Description
*High LTV Construction / Renovation Financing *Local Expert in FHA Condo Project Approval. 100% exposure on approved projects.

Your Source for Anything Construction and Condo!

I Specialize in Construction Financing;

Whether you are looking to purchase a lot and build a new house from scratch, or need financing to renovate your current or future fixer upper, I am your one stop shop!!!  I have 14 years of experience in the mortgage industry and I am backed by the only AAA rated Bank in the country!

  • 96.5% Construction to Permanent Financing to $729,750.  No one else that I know of can touch this product on the street.  Realtors take this product to any one of your builders and be sure to solidify your future as their preferred sales agent.  Buyers/Borrowers, find a lot and choose a builder (or we can recommend one) and we will finance both the lot and construction of the house with only 3.5% required investment by you!  Do not be intimidated, it is easier than you think!  ;0)
  • 96.5%  Renovation Financing to $729,750.  Do not miss the boat!!! Combine the power of our renovation product with the current foreclosure crisis and in the end, you are almost guaranteed to walk in with decent equity and the house of your dreams!
  • Jumbo Renovation Financing to 2 million.  YES, we not only offer Jumbo loans, but we offer Jumbo Renovation Loans.  Yup, one stop shop is the way to go.  Jumbo products in general can be very restrictive.  Please contact me to discuss your potential large scale  renovation product.
  • 80% Investor Renovation Financing;  All day long!!!  Investors, buy a shell or buy and update, we will finance the purchase and construction cost to renovate! 

I  Specialize in New Condo Project Approval;

When most mortgage companies and banks are running scared away from Condo Projects, my team is going face first.  Hello!!  Developers and Agents, come to the condo expert in the area!  A few highlights of what I have to offer;

  • FHA and Fannie/Freddie Full Project Approval at no cost to the Developer.
  • 1st in 1st out.  This means we will be the first to close, and we will not run after 30 or 40% exposure.  100%!!!  Why deal with 3 large banks when you can deal with one!
  • FREE lender paid 1 year rate buy down!
  • 10%  Escrow hold back for builder/developer repairs per unit  after closing.
  • Local Experts in the field!

The last project I approved came to me through one of my investors who was trying to purchase a small condo in Scottsdale, AZ for $80,000.  None of the local or large banks previously in the project would fund him.  As of Friday of last week (July 24th, 2009), I was able to fund his individual loan and get the entire 447 unit project approved!