• Loan Amount * $754,000
• Rate * 8.25%
• Appraised Value * $1,260,000
• Term * 12 months, IO
• Lien Position * First

Thanks to our loan terms and quick turn-around time, the borrower was able to close escrow on the purchase of this remarkable investment property on Linda Island in Newport Beach. This wasn’t an arms- length transaction and even with the borrower’s credentials, securing a jumbo loan isn’t easily done. The borrower was pleased with our 5.99/6.99 step rate loan; another example of a ‘Best for your Best.