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
Phil Caulfield NMLS #386911 APMC #1850 has been helping people obtain mortgages since 1985. The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation."