January 31, 2008

New Source for Super Jumbo Non Conforming Residential Loans in Bay Area

I wanted to let everyone know about a new lender we sourced two weeks ago. Non conforming market ($417,000 +) is still working its way through this credit crunch. However, I have teamed up with a group out of New Mexico who is head and shoulders above the market -- and they portfolio all their loans. (They don't sell them off... meaning they don't have to find a buyer... key point given turbulent secondary market). They prefer loans of $1m+, but they will facilitate a $750k loan if it makes sense.

If you would like more information on this program, please contact us online today.

Here's to a prosperous and healthy 2008!

Best Regards,
Britt Miller
Vice President
Steelhead Capital

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