@Tahsin Ishtiaque, I'm actually somewhat familiar with this specific transaction. I'm happy to speak with you directly. My contact information is in my signature line. I certainly won't throw out any information beyond what you have put out in the forum already. I simply want to respond when someone is saying something negative about my company publicly. I think my response will also be educational for anyone who happens to read as well.
Information specific to how your payments are being made was brought to light after this loan was submitted to underwrite. There is no way that we reasonably would have known that level of detail before this loan made it to a full underwrite AND senior level review (which most loans do not even require senior level review, again this was a very unique situation).
Notwithstanding, our team was able to put another loan option in front of you for these sub-$100k properties. Our understanding was, until we saw this post, that we were moving forward with that option. If that option isn't the best fit for you, then we have no problem not moving forward, especially if you think that you can improve the property value to over $100k. In which case we would be able to put some other options in front of you as well.
No hard feelings as I certainly understand how frustrating real estate can be sometimes. We're happy to help with the current option that we have for you or these same deals in a different form.
Again, feel free to reach out directly.
