Current Programs

Construction Loans:

Call for Current Program Specifics
Loan Amount: $1,000,000 - $7,000,000

Mortgage Lending

5 year fixed/30 year term (interest only)

Current Rate: 4.95%
Client Fee: 2 %

Adjustable 6 month LIBOR /30 year term (interest only)

Current Rate: 3.03% Loan amounts: $1,000,0000 - $25,000,000 ( LIBOR + 1.75)
6 Month LIBOR INDEX: 1.28
Client Fee: 2 %

KEY Qualifiers for the above Programs

Loan Limits: $1,000,000 to $25,000,000
Cash out: No Cash Out limit but must make sense
Net worth: $5,000,000 +
Liquidity: $1,000,000+
Max LTV: 60% - 70% LTV
Documentation: Client must provide 2 years tax returns (Personal and Corporate)
Income Valuation: Verifiable Income from tax returns and/or
“Cash Flow income” from of tax returns
D.T.I Ratios: 40%

5 year fixed/30 year term (fully amortized or interest only)

Fixed for 5 years then adjustable for 25 years(1 year LIBOR + 2), Max 5% cap and adjustment after 5th year then max adjustment up or down 2% every year after. Interest only 5 years.

Adjustable 6 month LIBOR /30 year term (fully amortized or interest only)

Rate: $1,000,0000 - $25,000,000 LIBOR + 1.75%
Loan adjusts every 6 months. No cap or floor. One year Prepayment Penalty (½ point on loan balance). Interest only for 5 years.

“FIX IT” / SWAP Program

Client Fee: 1% to 1.25%
Client Qualifications: Client must have an Adjustable Rate Mortgage
Loan Amounts: $1,000,000+
No Income Verification
No Appraisal Required
Liquidity: $1,000,000+
Net Worth: $5,000,000+

“FIX IT” Opportunity:

“FIX IT” in simple terms, swaps an existing adjustable note rate for a Fixed Rate Contract. Eligible properties are Single Family, Multifamily, and Commercial. CLIENT MUST HAVE ADJUSTABLE RATE NOTE. No appraisal or title reports required. It does not matter who the lender is and there is no seasoning requirement . The recommended SWAP durations are 5 year, 7 year, and 10 year. Client can choose to “FIX IT”/SWAP a percentage of there adjustable rate loan balance allowing the client to diversify his variable interest rate risk using a percentage of the mortgage balance. SWAP fixed interest rate calculations are a function of the index (i.e. LIBOR), the margin above the index which is stated on “note” we are looking to SWAP(i.e. LIBOR + 1.75) and current financial market conditions.