Home > Case Study > Case Study #2: Purchase (South Bay)

Case Study #2: Purchase (South Bay)

OPPORTUNITY: One of my strong referral partners has a client with a home that they are going to sell to purchase another property. Their current residence is valued at approximately $750K with a $400K loan. They are going to purchase a $1M home, and inevitably want a $700K loan. The issue is that the seller on their up leg property is not excited about their contingent offer.

SOLUTION: HOME EQUITY LINE OF CREDIT (‘HELOC’) OF $180M ON THEIR CURRENT RESIDENCE.

Purchase: $1M

Down: $100M

Loan: $720M

Primary Residence: $700M

Mortgage: $400M

HELOC: $180K

CASE PENDING

If you have a similar case, or question, please e-mail me on ceisaac@ymail.com

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Categories: Case Study
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