lender that loans based on family trust or partnership.

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Chuck Mixon, Cutler Bay Specialist, GRI, CDPE, BPOR (The Keyes Company)

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Rainmaker
4,882,171

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hi Chuck -- I see you are in Florida --- Mortgage experts John Meussner and Joe Petrowsky are both licensed in your state(as well as others). Either one would be a good choice to ask this question.

Nov 19, 2016 10:30 AM

Upvote

5

John Meussner

Fair Oaks, CA
Tony and Suzanne Marri...

Scottsdale, AZ
Debe Maxwell, CRS

Charlotte, NC
Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Ambassador
3,479,271

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

I highly recommend you contact Joe Petrowsky - if it can be done ... Joe can do it. I wish you all the best!!

Nov 19, 2016 12:09 PM

Upvote

3

Debe Maxwell, CRS

Charlotte, NC
Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Rainmaker
5,774,279

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Chuck,

What Michael Jacobs recommended, and I agree with him. A

Nov 20, 2016 01:19 PM

Upvote

2

John Meussner

Fair Oaks, CA
Michael Jacobs

Pasadena, CA

Rainmaker
1,562,280

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

I second Michael Jacobs response

Nov 20, 2016 09:05 AM

Upvote

2

John Meussner

Fair Oaks, CA
Michael Jacobs

Pasadena, CA

Rainmaker
3,988,194

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Are you looking for a lender? As Michael Jacobs said we have some great ones here in the Rain.

Nov 20, 2016 04:43 AM

Upvote

2

John Meussner

Fair Oaks, CA
Michael Jacobs

Pasadena, CA

Ambassador
5,679,957

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Ask Joe Petrowsky or John Meussner their take on this. Good luck, Chuck Mixon!

Nov 20, 2016 01:15 AM

Upvote

2

John Meussner

Fair Oaks, CA
Michael Jacobs

Pasadena, CA

Rainmaker
4,273,381

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

I don't think it is all that rare...

Nov 19, 2016 01:54 PM

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2

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Ambassador
5,262,396

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

You have some good answers below. Good luck!

Nov 19, 2016 11:54 AM

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2

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Ambassador
3,767,518

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

I don't think it's that unusual. I think any lender should be able to do this.

Nov 19, 2016 09:52 AM

Upvote

2

Nina Hollander, Broker

Charlotte, NC
Michael Jacobs

Pasadena, CA

Ambassador
1,106,487

John Meussner

Catalyst Mortgage - Fair Oaks, CA

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

This is allowable and I'd be happy to help if you still need it (thank you everyone that recommended me : )

As others have mentioned, Trust documents would need to be reviewed should it close in a Trust.

Nov 21, 2016 07:02 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
3,075,567

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Michael Jacobs nailed this one!

Nov 20, 2016 02:36 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
5,484,283

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

I see that all the time..most lenders can pull this off.

Nov 19, 2016 11:07 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
19,866

Steve McRory

Pro Option Mtg. 888-662-4404 - Tampa, FL

Mortgage Loan Originator

Yes, start packing for the move! I know 4 banks that allow such flexability, but would have to check on the low loan amount

Nov 19, 2016 10:45 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
5,698,212

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Some lenders will shy away from this. Some will do it with a personal guarantee. Consult your local banks!

Nov 19, 2016 09:49 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
4,434,277

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am sure there are several.

Nov 19, 2016 09:15 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
1,771,568

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

As Patricia Kennedy wrote. Lenders will require Trust Documents with principals to the Trust involved.

Nov 19, 2016 08:59 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
5,586,310

Barbara Todaro

Retired...Mentoring Newbies - Franklin, MA

Previously Affiliated with The Todaro Team

should not be an issue with most lenders....

Nov 19, 2016 07:59 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
5,534,471

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

Sounds like a basic loan to me. Contact any of your preferred lenders in your area.

Nov 19, 2016 07:33 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
4,323,300

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Chuck Mixon - I think this happens - not so often, but it does.

Nov 19, 2016 03:44 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Ambassador
6,910,181

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Not sure what you are asking for here Chuck, does the buyer have a family member who trusts them for this amount and has the capacity to lend this much?

Nov 19, 2016 01:00 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
1,279,727

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

90% lenders will lend you money for that value. Most brokers will decline because of such small amount. May be credit unions....

Nov 19, 2016 12:57 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
2,235,021

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

I'm sorry I don't have an answer for, but you've come to the right place to find out.

Nov 19, 2016 11:47 AM

Upvote

1

Roy Kelley

Gaithersburg, MD

Ambassador
2,738,369

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Local lender - portfolio loan.

Nov 19, 2016 10:45 AM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
2,479,354

Lise Howe

Keller Williams Capital Properties - Washington, DC

Assoc. Broker in DC, MD, VA and attorney in DC

Good luck -- I hope you find the right lender!

Nov 19, 2016 10:37 AM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
3,986,579

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

It is all abouit colateral

Nov 19, 2016 10:33 AM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
8,388,492

Roy Kelley

Retired - Gaithersburg, MD

If is not unusual for family members to be co-borrowers.

Nov 20, 2016 12:41 AM

Upvote

Rainmaker
1,157,847

FN LN

Toronto, ON

Best wishes on your search.

Nov 19, 2016 12:01 PM

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Hi Chuck -- I see you are in Florida --- Mortgage experts John Meussner and Joe Petrowsky are both licensed in your state(as well as others). Either one would be a good choice to ask this question.
I highly recommend you contact Joe Petrowsky - if it can be done ... Joe can do it. I wish you all the best!!
Chuck,

What Michael Jacobs recommended, and I agree with him. A
Are you looking for a lender? As Michael Jacobs said we have some great ones here in the Rain.
Ask Joe Petrowsky or John Meussner their take on this. Good luck, Chuck Mixon!
I don't think it's that unusual. I think any lender should be able to do this.
This is allowable and I'd be happy to help if you still need it (thank you everyone that recommended me : )

As others have mentioned, Trust documents would need to be reviewed should it close in a Trust.
Yes, start packing for the move! I know 4 banks that allow such flexability, but would have to check on the low loan amount
Some lenders will shy away from this. Some will do it with a personal guarantee. Consult your local banks!
As Patricia Kennedy wrote. Lenders will require Trust Documents with principals to the Trust involved.
Sounds like a basic loan to me. Contact any of your preferred lenders in your area.
Chuck Mixon - I think this happens - not so often, but it does.
Not sure what you are asking for here Chuck, does the buyer have a family member who trusts them for this amount and has the capacity to lend this much?
90% lenders will lend you money for that value. Most brokers will decline because of such small amount. May be credit unions....
I'm sorry I don't have an answer for, but you've come to the right place to find out.