Do you have transactions in California that make sense but are tough to place through institutional lenders, and deserve better than most hard money terms? Montecito Financial is a lender that you may want to consider contacting.
In addition to my business as a mortgage broker, I am representing this product on a wholesale basis through mortgage brokers who are licensed in California.
Here are some of the features of the product we are offering:
- Loan amounts to $8 million and more by exception
- unlimited cash-out
- 75% max loan to value
- primary residence, vacation homes, investment property, and commercial property
- full documentation or stated income
- rate reductions for <45% LTV, full documentation, and 720+ scores
Now in September, 2009 there are strong transactions that are not being done by institutional lenders because part of the file is outside their box. As an alternative to hard money, Montecito Financial is filling this niche by funding deals that make sense.
Do you need help structuring a loan, or getting a rate quote? Call me at (650) 222-0386, or e-mail me
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