Private Money Lender Needed for So Cal Refinance (SFR in Venice, CA) Low LTV

[John Ching]

My client needs cash to pay off an ex-girlfriend (never married). Here's the current situation:

• Property is a SFR in Venice, CA. Value is estimated at $1.2-$1.3MIL (possibly higher).
• Current mortgage is approx. $182,000.
• Client needs $170,000 cash to cover legal fees/child support.
• Has low 600 (est. 615-620) FICO.
• NO tax returns filed for past several years (he's working on rectifying that!).
• Has worked as a freelance TV Director for the past 5+ years. 
• Annual income is $85k-$90k.
• Additional monthly passive (rental) income from San Diego property (SFR, owned free/clear)

Caveats:

The Venice home is jointly owned by both parties. The ex received a partition from the court several months ago but has not forced a sale. She appears open to lifting the partition if she gets the back child support, hence the need for refinancing.

I can be contacted directly at (310) 406-5895, thanks for looking.