Case Study

Case Study

Case Study

Apr 17, 2025

Apr 17, 2025

Apr 17, 2025

Negotiations Over Happy Hour Drinks

Numbers

Loan Type: Purchase
Program: P&L Loan (Profit and Loss) 
Loan Amount: $2,000,000
Sales Price: $2,500,000
Rate: 8.5%
Down Payment: 20%
Estimated Loan Payment: $15,378.27

Background

Hiva is a successful attorney who owns her own practice with her husband Amir. They were looking to purchase their forever home.

Client Requirements

With this program we needed to provide a profit and loss statement signed by their CPA along with CPA letters proving ownership of their business for the past two years.

Loan Challenges 

By the time Hiva and Amir contacted Vantage to replace their previous real estate agent, their dream home had gone into escrow with a different buyer. Vantage needed to convince the listing agent to drop escrow with their original buyers, accept our clients’ offer.

The Results

Over happy hour drinks, Vantage was able to convince the selling agent to drop their current buyers to take our higher offer with a built in 2% buy down, with the caveat that we would close in 14 days—a nearly impossible task as the standard closing for a property takes 30 days. This was only possible due to the close relationships Vantage has built with inspectors, title agents, and the bank representative who recruited the bank’s Vice President and Director to expedite the review of the profit and loss documents. 

The Vantage Advantage

When others would simply give up when they hear something is in contract with another buyer, it doesn’t deter us at Vantage. We’re experienced in negotiating and finding creative solutions. In the end, we were able to leverage our strong industry relationships to get our clients exactly what they wanted.

© 2024 Vantage Home Loans Mortgage. All rights reserved.

Loans are subject to credit and property approval. Other restrictions and conditions may apply. Programs and guidelines are subject to change without notice. Rates are subject to change daily.

145 S Fairfax Ave #200, Los Angeles, CA 90036

Equal Housing Opportuity

NMLS #1394651

BRE License #01984669

NMLS Consumer Access

© 2024 Vantage Home Loans Mortgage. All rights reserved.

Loans are subject to credit and property approval. Other restrictions and conditions may apply. Programs and guidelines are subject to change without notice. Rates are subject to change daily.

145 S Fairfax Ave #200, Los Angeles, CA 90036

Equal Housing Opportuity

NMLS #1394651

BRE License #01984669

NMLS Consumer Access

© 2024 Vantage Home Loans Mortgage. All rights reserved.

Loans are subject to credit and property approval. Other restrictions and conditions may apply. Programs and guidelines are subject to change without notice. Rates are subject to change daily.

145 S Fairfax Ave #200, Los Angeles, CA 90036

Equal Housing Opportuity

NMLS #1394651

BRE License #01984669

NMLS Consumer Access