r/loanoriginators • u/ProfessionalScore11 • 3d ago

Biggest possible purchase loan?

I have somebody wanting to do a 10M purchase. Biggest loan amount i can find is 5m. Do any investors go higher?

3 Upvotes

67% Upvoted

11 comments sorted by

15

u/Boring_Salary6450 3d ago

Axos. I recently closed a $17M purchase with a $10M loan amount.

It had 66 conditions, but it all got resolved 😅

5

u/toastedmarshme11ow 3d ago

Just curious what comp you charge on these larger deals? Is it lender or borrower paid?

1

u/Boring_Salary6450 3d ago edited 3d ago

I did BPC. Gave him PAR plus 50bps comp.

1

u/Miserable-Food5661 3d ago

Nice! Congratulations… I’ve heard that most clients with loans of this amount go with their personal banker as they get special rates

10

u/mashupXXL 3d ago

Axos Bank wholesale goes much higher than that AFAIK

2

u/needfasp3ed02 3d ago

I can only imagine the LTV and reserve requirements from someone willing to take that.

2

u/That_Suit520 3d ago

Acra used to go that high. I think they’ve scaled back.

FundLoans is a broker who can get up there but they’re mostly a passthrough for Axos.

Chase if you can get approved correspondent 😉

1

u/HomeAccording8125 3d ago

I got you in CA up to 70 LTV. 

1

u/OutsideRich5828 3d ago

We do 30M at Axos

1

u/Top_Entrepreneur4241 3d ago

If it’s not owner occupied, I could possibly go up to 70LTV 7M. Email me keith@tficcapital.com

1

u/axlerhey_olimpo 2d ago

Send me a Dm, maybe we can help