Monday, July 13, 2015

Robert Darvish of Platinum Lending Solutions

- 14 unit apartment refinance in Laguna Beach CA

Refinance Case:

     This property is a 14 unit apartment building located on Pacific Highway in Laguna Beach with full ocean view. The owner needed emergency funds to pay an IRS tax lien on the subject property that was caused by inheritance issues, and also to complete sudden repair issues on other properties. We obtained an emergency bridge loan to pay off the IRS, provide the borrowers with enough funds to complete the repairs on other properties, and avoid the additional penalties.
     The borrowers were still showing loses globally on their tax returns, even though the federal tax lien was paid and all the repairs were completed on other properties. However, due to the fact that the subject property was able to stand on its own merits and by using few other compensating factors, we were able to obtain an A paper interest rate long term financing on the subject property.


Contact Information:

PLATINUM LENDING SOLUTIONS
BRE #01247595, NMLS#365504

Robert Darvish
Certified Mortgage Planner
CMPS, CMC, BFC, BROKER
BRE #01255375, NMLS#327777

- Residential Mortgage
- Commercial Mortgage
- Real Estate Investment

TEL:   714.384.3000
FAX:   714.384.3001
CELL: 714.612.6000
ROBERTDARVISH@PLATINUMLENDING.COM
2901 W. COAST HIGHWAY, STE. 272-273
NEWPORT BEACH, CA 92663

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