Mortgage Approved on 5-bedroom Million Dollar Home in Wilmette

Medium george%2520kaiser

Name: George Kaiser
Office: Northfield (Northview Bank and Trust, 245 Waukegan Road)
Property Description: Single Family Home 5 bed/ 3.5 bath in Wilmette, IL
Appraised Value: $1,150,000
Amount Borrowed: $670,000
Loan Term: 7/1 ARM
Rate: 3.5%

Story: After consulting several lenders, the borrowers could not find approval for this loan because the property had a coach house which was deemed a non conforming structure by these lenders. Also, the borrowers needed the approval done by the purchase date of July 1st.

George Kaiser was able to find a lender to overlook the non conforming structure issue, and also got them a much better interest rate they would have gotten through another lender. Finally, Mr. Kaiser was able to get this closed by the purchase date of July 1st.

Mr. Kaiser made it possible for the borrowers to purchase their dream home by getting around the red tape and securing them a low interest rate.



Contact the Banker

George Kaiser - Northview Bank and Trust, 245 Waukegan Road Northfield, IL

Phone: 847.784.1390

 

 

Blockshopper green logo