73% LTV, $4.1m Second Home, Full Doc Loan
OPPORTUNITY: This loan was for the purchase of a single family residence in one of the premiere vacation developments in all of the islands. This very high profile development required Steelhead Residential to work with not only the in house sales team, but many other groups who had a vested interest in a successful closing.
SOLUTION: In working with the borrower, we were able to secure a $3m loan at 5.25% for a 5/1 Interest Only (borrower elected to buy down the interest rate.)
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.