Mortgage Success Stories: 68% LTV, $2.23m Purchase, Second Home Ocean View

68% LTV, $2.23m Purchase, Second Home Ocean View

Laguna Beach, California

OPPORTUNITY: A long time client asked us for help in obtaining a condominium home she planned to buy. We closed the loan in 21 days. The borrower was self employed and the purchase was to be a 2nd home for vacationing.

SOLUTION: $2.23m purchase price, $1.5m loan, 68% loan to value, with a 5 year fixed interest rate of 6.25%, interest only payments.

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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.