Just had a $2.5million low doc facility approved which includes about $400,000 cash out
Every customer is unique and every deal changes the kaleidoscope which the lenders look through
However, having said that, two recent deals for two different customers took their borrowings above the GE $750,000 limit and although approved, the files were 'approved on exemption' to lending policy. Not a problem, didn't even take a day more than usual.
Good, strong customers with good, strong deals are not a problem. Even $1,000,000 low doc no financials loans against one security are not a problem - done a few of them, too, with another on the drawing board - so don't let hearsay deter you from expanding your portfolio as you see fit
Cheers
Kristine