Are Jumbo Lenders really in the business of Lending ?
Private Banking products: It is interesting to see these blogs and linkedin groups that talk about jumbo loans but seemingly filter any discussion about private banking, as if its not a lending source, when in fact its the only lending source for high net worth borrower and super jumbo loans. The issue we see, is conventional lenders and brokers that claim to be in jumbo loans, must be cherry picking the borrowers that qualify for that institution and not really catering to a borrowers financial profile.The fact is, high net worth borrowers are high net worth for a reason, and they don’t have the same financial profile as a wage earner. And for that reason private banking excels over conventional lending by way of rate and process. Borrowers also really don’t know this, but with the conventional lenders have been backing out of the Jumbo space and shutting down the wholesale broker channels for several years now, and the only opportunity available is in private banking. What Conventional Lenders Can’t Do: Residential loan features offered also include:
- A direct conventional or private banking relationship
- Par Private Banking Rates, no add-ons
- Asset and securities based financing available
- Ability to annuitizing assets to qualify your income
- Close in the name of your family trust or LLC
- Products for purchase or refinance, all 50 states
- 100% plus, LTV jumbo loans for private banking clients.
- Rates that start at 2% interst only
- Loan terms we offer, 5 yr, 7 yr, 10 yr, 15 yr, 20 yr, 30 yr fixed or LIBOR +
- Income qualifying with business cash-flow or cash reserve, NOT just your personal income
- Short term bridge loan financing for acquisition, refinance or construction
- Rehab fix and flip
- Mezzanine financing
For More information call or email us at:
631-757-9700 or [email protected]
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