High Leverage Bridge Loan Success Story

We recently closed on a $4.50 million spec purchase with 80% lender financing in the Hollywood Hills. Insignia Mortgage found a hedge fund in New York to provide construction financing with no-income verification for the purchase, which was a teardown with a planned high-end redevelopment. The home and the current owner were in litigation with a neighbor. Further completing the deal, part of the home had been torn down, and the bedroom and kitchen walls had been demolished.

Loan Terms

    • $3.6 million dollar construction loan
    • 12-month term
    • 9.99% APR, plus 2.5% points
    • Interest Only, interest paid only when money drawn
    • No prepayment penalty
    • 17 day close of escrow

Learn more about our High Leverage Bridge Loans

Construction Loan Success Story

Insignia Mortgage recently closed on a $11 million spec construction loan in Bel Air, CA with 50% lender loan-to-cost financing. We located a local bank willing to provide construction financing, despite our client’s limited US income. This non-recourse loan was cross-collateralized against the subject property, as well as two other income-producing homes.

Loan Terms

  • $11 million dollar construction loan
  • 2-year term
  • 7.000% APR
  • Interest Only – interest paid only when money drawn
  • No prepayment penalty
  • 21-day close of escrow

Learn more about our Construction and Land Loans

Interest-Only Loan Success Story

We helped a two-income family purchase $1 million primary residence purchase with a loan of 80% of the purchase price. The family was looking for a very competitive 30-year fixed rate mortgage interest rate and needed to close in under 30 days.

Loan Terms

  • $800,000 loan amount
  • 30-year fixed rate mortgage
  • 3.597% APR
  • No banking relationship required
  • Closed on time!

Learn more about our Interest-Only Loans

Apartment and Commercial Loan Success Story

$8 million investment property purchase with 62.50% lender financing.

Insignia Mortgage underwrote the cash flow and approximate net equity in the borrower’s real estate holdings as well as verified down payment from several business bank accounts, including foreign bank holdings. The loan was made to a Limited Partnership with a foreign national as the general partner. The escrow closed in under 40 days.

Loan Terms

  • $5 million dollar line of credit
  • 2-year term
  • Prime + 1.2550%
  • Interest Only
  • No prepayment penalty
  • 30-day close of escrow

Learn more about our Apartment and Commercial Loans

No Tax Return Loan Success Story

We recently helped a client who had already owned over 25 different tax entities and over 20 different properties to purchase a $8.5 million primary residence with 55% lender financing. Insignia Mortgage underwrote the cash flow and approximate net equity in borrower’s real estate holdings, and verified the down payment from several business bank accounts. A vesting structure was set up to a corporation with a foreign trust as the beneficiary.

Loan Terms

  • $4.75 million loan amount
  • 7/1 ARM
  • 3.788% APR
  • No prepayment penalty on a 30-year term
  • 40-day close of escrow

Learn more about our No Tax Return Loans

Foreign National Loan Success Story

Insignia Mortgage recently closed on a $6 million second home purchase for a foreign corporate executive with 60% lender financing.

Insignia Mortgage worked with the client’s foreign legal counsel and US-based CPA to properly structure the purchase in a tax-efficient manner. The client purchased the home using an LLC with the buyer guaranteeing the loan. We helped the loan go through successfully despite not having U.S. income, credit or assets.

Terms

  • $3.6 million loan amount
  • 3/1 ARM
  • 2.888% APR
  • 30-year term with no prepayment penalty
  • 28-day close of escrow