Let's chat: 866-435-3748
|

Deal Description:

The borrowers had a six-plex, a twelve-plex, and a single-unit rental property, as well as their personal home. All of these were personally held.  Two of the properties, the single-family home and the six-plex had mortgage terms coming due, making refinancing necessary.

 Purpose:

To refinance both of the properties.

.Employment:

The borrowers were both self-employed, one as a real estate agent and one as the manager of their real estate holdings. They had good provable income.

 Credit:

Their credit was excellent.

 Problem

They had too many doors and buildings for even the most lenient of residential lenders.

 Final outcome:

Using commercial mortgages, we refinanced, with 5-year closed mortgages for less than 2.1%.  The criteria for the commercial mortgages were based on the rental income and debt coverages of each of the buildings and not the personal income of the borrowers. The number of doors personally held became irrelevant

 We can do this for you. 866-435-3748; info@koramgt.com  .

 

There was a sale on brisket at the local grocery store and we tried a new method:

Rub the brisket with salt and pepper or your favourite rub and brown in a heavy skillet or on a grill. Set aside. Slice and soften lots of onions in the skillet. Smother the brisket with tomato paste and set on the onions, Surround by thickly slices carrots and lots of crushed garlic cloves. Cover with tinfoil and a top and roast at 300 until almost done. Let cool and slice the brisket. Replace the slices in the skillet; add some liquid (stock, water, or port) as necessary and roast for another hour or so until the brisket is fork-soft.