The Private Banking Loan Program is for residential and investment properties only.

The premiere banking program:

Loan amounts: From $2,000,000 to 20,000,000 plus, we will consider a lower amount for an attractive borrower. Providing a borrower qualifies as a high net worth client we would offer 1.75% - 2% over the 6 month LIBOR locked via an Interest Rate Swap, a 5yr ARM-I/O, or a 10yr ARM I/O, loans come with a 1 year Pre payment of 6 months of interest.

Income: This program allows for the use of cash flow in place of AGI to allow for a self employed borrower to qualify for a loan. Also we will consider cash reserves and annuitize the reserves to support the loan amount. The conventional alternative would be the stated loan, and as long as the borrower cash flows, we will consider that as income.

Credit:Credit is not a consideration as much as the borrowers financial profile.

LTV: LTV varies from 75% for loans of 1 million up, and 50% from 5 million and up before adjustments.

With Adjustments, the LTVs can be adjusted with the use of cross collateralizing additional property and or cash or securities. Effectively the program will allow LTVs to 100% wich is a great strategy to offset properties with a value issue by creating a synthetic LTV that works and or leveraging assets to get higher LTVs and or loan amounts.

Special notes: The main qualifications for this program is the following: The borrower should have a minimum of $500,000 or 10% of the loan amount in reserve, and at lease $500,000 income or cashflow. Cash reserves in a 401K and IRA are not considered in the cash reserve totals. Also, for a private banking relationship we woud look for a total net worth of 3 million dollars plus. Note, exceptions are considered with compensating factors. Loans are available in 50 states.

2nd tier banking loans:

We will consider loan amounts down to 1 million for clients that make sense with income and assets. The LTV and rates will be as stated above. A CIS form is required on all scenarios to get our preliminary approval on the borrower.

Investment Property:

We will consider investment and rental properties that are single family and 4 unit or less in all 50 states. The borrower would qualify by having 50% of the loan amount in cash reserves and would also need to cash flow to service the debt.