Cross-Collateral Mortgage Lenders Florida
100% Florida Cross Collateralization Mortgage with other purchase money solutions.
Florida mortgage lenders recognize that financing the purchase of a property based on the sale of another can be a challenge. We offer a cross–collateralization Florida mortgage financing option to achieve higher LTVs. It allows sophisticated borrowers to use their equity in second homes, departing residences, and investment properties for the down payment.
- Loan amounts to $25M
- Asset-based lending
- 100% Financing available with Cross Collateralization
- Non-Resident Alien
- Complex Income Solutions
- 90% LTV with pledge assets
- Super Jumbo Non-QM
- Bridge to Sale Lending
- 1031 Exchange/Reverse 1031
| Investment, SFR
Example |
| Challenge: The borrower was looking to secure a cash-out financing to pay off several smaller balance liens. The cash needed to pay off the balances would result in an LTV of 89%. Coupled with a BDTI of 57% and 13+ investment properties, the borrower was unable to find sufficient financing.
Solution: The mortgage lender cross-collateralized an investment property with the subject property to achieve the LTV of 89%. Using a combination of rental and W2 income, we were able to qualify the borrower at the higher DTI. The crossed property reduced the effective LTV to 50%, that, along with the strong employment history and good credit, sufficiently mitigated the risk. |
