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Athas Capital Group Inc
26901 Agoura Road Suite 250
Athas Capital Group, Inc. was founded on the basis of providing large scale product availability with a boutique style service platform to give our clients endless opportunity but at no expense for service. The company was founded by Brian O'Shaughnessy w
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More subprime borrowers may now be able to obtain mortgages
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"We've done enough loans to prove to us that it's a product we're going to continue to grow," Brian O'Shaughnessy, head of Athas Capital Group in Calabasas, Calif., which began making subprime loans nine months ago, told the news agency.
"If I wanted to go refinance ...
mymortgageinsider.com, $reference.date [cached]
"If I wanted to go refinance my house or buy a new house to live in and get a stated income loan, I couldn't do it," says Brian O'Shaughnessy, CEO of Athas Capital Group, based in Calabasas, Calif. "It is against the law to get a stated income loan for a consumer loan.
Many of our clients end up putting down 35-50 percent," O'Shaughnessy
says that many of his
clients use these loans to buy another rental property to better their cash flow, or they are flipping a property to sell but need a loan to get through the remodeling stages.
Some people use the loans temporarily because they have a big cash advance coming at the end of a year but can't pass up on a certain investment property.
Some investors don't want to use up all their cash to purchase a property, so they use these loans to keep a portion of their own capital to use for other investments.
"Stated income loans are growing.
It's a jump from hard money loans," O'Shaughnessy
"We call it the sane subprime," ...
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"We call it the sane subprime," said Brian O'Shaughnessy, chief executive of the Athas Capital Group, which gave the Arroyos their loan.
www.privatemoneylendingguide.com, $reference.date [cached]
Athas Capital Group
26901 Agoura Rd Suite 250
Calabasas Hills, CA 91301
Orlando Short Sale Expert | Orlando Short Sales, Orlando Short Sale Realtor | Expert Advise on your Short Sale in the Orlando Area, Pre Foreclosure specialist, Avoid foreclosure
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"We've done enough loans to prove to us that it's a product we're going to continue to grow," says Brian O'Shaughnessy, Athas' chief executive officer.