(47 Total References)
Residential and Commercial Mortgage Lender
The company was co-founded by Brian O'Shaughnessy, Alim Kassam and Kevin O'Shaughnessy, who bring with them nearly 35 years of experience in all facets of real estate lending.
The Rama Fund, LLC was founded by Brian O'Shaughnessy and Alim Kassam.
Brian O'Shaughnessy - Co-CEO
The other loans we've previously closed with Athas Capital were relatively less challenging than this one, but you and your team, including Brian O'Shaughnessy, have earned my praises and my future business because of my experience with this loan!
Many thanks to Yvonne, Brian
, and you for making all this happen.
Many thanks to Yvonne, Brian
, and you for making all this happen.
I submitted the loan and within minutes I received a phone call from the owners Kevin and Brian.
and Marc - I'd meant to send you a quick note earlier in the year, forgot and remembered again when I got my 1098 from you.
is very lucky to have you on this team.
Thank you Brian
Your service has been incredible.
We are sending you more loans for sure.
Attn: Brian O'Shaughnessy
and Yvonne were very professional, proactive and stuck with this file even when it looked like it was going sideways.
Brian closed the deal in an efficient and expedient manner and we look forward to working with Athas again on our next deal."
is an original "mentor" of mine; originally met at Title West.
I would not hesitate ever in highley reccomending a true professional with the greatest back room set up in our industry . You are only as good as the people behind you and Brian
ensures success because he
has great 'model' and platform in which you can succeed and attain personal growth.
is a fun person to work with as well.
Things happen for the better when Brian
That was not the case with Brian
and Yvonne at Athas Capital
When I emailed Brian
about my commercial loan he
looked over the 1003, told me his
terms and that he
would close the loan, 35 days later the deal was closed.
It was a pleasure to work with Yvonne and Brian
truly professionals from top to bottom.
and Yvonne are true professionals and a breath of fresh air with all the delays and heartbreaks in traditional lending and hard money middlemen.
Let me tell you this short story, Brian
had me get some original copies of bank statements from my borrower to clear their worries that the borrower may not have had funds to close.
After much wrangling with my submitting agent, she
was able to get the borrower to comply.
Not one myself to just take someone's word for it, I told Brian
, that if I got this document, I would like to deliver it personally, to see if these guys were really legit.
This was my first time using them, and I was very unfamiliar with their process as it seemed at times somewhat closed off to me. By my surprise he
said, "Come on up, I will see you when you get here..." So when I get there, these guys are in this state of the art facility, with the logo on the walls and take up almost 1/2 of the second floor of a gorgeous building in a very expensive office park.
That impressed me, and when I got there, Brian
himself took my documents and said he
would get back to me in the morning, which he
did, clearing my loan for closing and funding.
Let me tell you, after the subprime bomb that went off 2 years ago and in the aftermath, this doesn't happen anymore.
As fate would have it, in a twist of events, the seller of the properties in this transaction did not disclose some pertinent information about the payoffs.
, not one to hold in his
steam, let off a lil rant, but as their professionalism would have it, they were patient, worked with me on the problem from the seller side, and we got the deal done and funded and yes I have been paid.
Mr. Brian O'Shaughnessy
Athas Capital Group
It is with great pleasure that Options 4 you Financial Services Inc.
is happy to recommend Athas Capital Group for a quick funding and closing of our loan.
Yvonne Runyan and Mr. O'Shaughnessy
were able to complete this transaction in the most expedient way allowable by current regulations.
I call Athas Capital and spoke with Brian
and then Kevin O'Shaughnessy and got a quick response of what was needed in order to comply with Mr Douglas' needs.
I'll tell Brian
and Kevin you provided excellent service throughout.
Not only does Athas require ...
Not only does Athas require borrowers to put at least 20% down, but many have credit scores in the 7s and 8s, and many have verifiable income sufficient to get 'A' paper, according to Athas co-founder and co-CEO Brian O'Shaughnessy.
"We call it 'sane subprime,'" he said.
gets borrowers who lost their homes during the crash, but O'Shaughnessy
said such borrowers are rare.
So, besides people who may have low credit scores, or difficult to verify income, why do people who could get prime mortgages come to Athas?
"People come to us because we can approve a loan in 4 hours and close very quickly without the kinds of headaches people get at banks," O'Shaughnessy
It is a formula that is working.
says the company has grown an average of 30-50% a year since its founding and that the first 2 months of 2016 have seen double the business of the first two months of 2015.
Interest rates typically run from the high 5s to the high 9s he
said, with most falling in the 7s.
Most borrowers do not intend to keep the loans for more than 1-3 years, he
"People generally plan to refinance, but we get them in their homes quickly and they can refinance at their leisure," O'Shaughnessy
recently wrote a loan for someone with verified income and a FICO score in the 800s, because the borrower was in a hurry and didn't want to deal with a traditional lender.
More subprime borrowers may now be able to obtain mortgages
"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.
Stated Income Loans Available in 2016 - for Some Borrowers
"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