Questions & Answers
- How is Steelhead Capital different from my bank?
- Do we end up paying more by working with Steelhead as our broker?
- How does Steelhead Capital choose its clients?
- What lending sources does Steelhead Capital typically fund through?
- What are Steelhead Capital's loan minimums?
To find out if our Preferred Residential Mortgages are a match for your financing needs, please read the answers below or submit a quick and confidential loan request today.
At Steelhead Capital, our two main goals in any transaction are 1) to create a competitive environment that forces capital sources to compete for the borrower's loan and 2) to manage the transaction workflow so the borrower can focus on the actual home purchase.
Banks are constrained by loan products and underwriting guidelines that don't necessarily fit the borrower's needs. The bank's loan officers are incentivized to maximize profits while pushing as much of the risk as possible onto the borrower. Banks also force borrowers through a variety of hoops and typically provide only limited assistance managing transaction workflow.
Steelhead's approach is fundamentally different. Our fiduciary obligation is to you, the borrower. Since we are not limited by our affiliation with any one bank, we are able to present your loan to a broad spectrum of potential capital sources and secure the best terms and pricing that the market can offer. Equally important, Steelhead remains very much involved in the transaction, sharing the burden of collecting and processing information, coordinating third party reports and driving towards a smooth and successful close.
Steelhead Capital charges a placement fee of one percent of the loan amount. Banks also typically charge a loan fee of one percent or add an equivalent discounted value into the spread. Because Steelhead Capital absorbs the cost of originating loans for the lender, we are able to negotiate direct pricing with most lending sources. As a result, borrowers typically incur no additional costs by engaging us to negotiate and manage their transaction.
In addition, Steelhead saves its clients time and money by creating a competitive environment that forces the market to compete for the borrower's business. Ultimately, clients get all the cost benefits of a more effectively managed transaction without having to accept exorbitant spreads or large loan fees.
Steelhead Capital prides itself on taking a private banking approach to supporting client objectives. By choosing to engage a customer we are committing all of our resources to making their opportunity a success. Customers that work with us know that this often means going beyond the role of a typical advisor.
By limiting the number of real estate investors we agree to represent, we are able to provide a full service, advisory experience that is unique in today's residential markets.
The goal at Steelhead Capital is to add value to customer transactions by offering a wide range of financing alternatives and direct access to top national, regional, and local lenders.
Larger preferred residential loans range from $2 million to $10 million and above. Smaller loans range from $300,000 to $2 million are directly available as well.
Steelhead Capital provides customized mortgage financing and preferred residential loan solutions for qualified investors nationwide.
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Steelhead Residential Funding is a mortgage brokerage in California (CA Dept. of Real Estate - Real Estate Broker #01400712) and Hawaii (Dept of Commerce and Consumer Affairs #MB 1264). Information provided by you to Steelhead Residential Funding through this website shall not be considered an application for a mortgage loan. An Equal Housing Lender. Steelhead Residential Funding is an independent company under the guidance of Steelhead Capital, Inc. Purchase and financing advice are offered as part of the full service nature of the lending process, however neither Steelhead Capital or its affiliates are responsible for investment decisions. No guarantees are offered or implied to visitors of this website. Thank you for your interest in working with a professional mortgage broker from Steelhead Residential.