Hi BP, loan officer (broker) here. I recently came across an opportunity to help a builder with their financing. They have a $5mil builder loan for a 20 unit townhome community they are looking to refinance. I’m looki...

Spent a couple years as an LO. 

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

Quote from @Chris Lo: zillow.com, apartments.com, realtor.com, trulia.com, homes.com, etc.

It seems like the LO's have no experience working with investors and are not very concerned with trying to make the numbers work.

@Yaniv KehatI'm an LO at a direct lender.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

We are talking about taxes on 15K.On another note, I had the exact same issues 3 months back but that time, since the LO had not mentioned it, I did not push for it.

NC has many licensing restrictions so many lenders won't touch the state or require the partnering LO or broker to be licenced there. 

Lo and behold, many of said states will require the foreign entity to disclose owners/members and such, negating your desire for secrecy.