Tuesday, September 7, 2010

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Private Mortgage Banking


Prospect Mortgage’s Private Mortgage Banking Program (PMB) has been established with the primary mission to assist our  Joint Venture Partners and our top referral sources by providing more competitive and innovative solutions for estate level lending.

Our Private Mortgage Banking unit understands the comprehensive needs of the affluent client.  We offer an unprecedented level of experience, flexibility, and concierge service in customized lending solutions while providing an innovative approach designed to compliment our client’s wealth management strategies.

Our Private Mortgage Lending consists of structured financing and lending professionals who expertly facilitate Estate-Level lending requests.

Private Mortgage Lending carefully assesses each client’s liquidity, net worth, and cash flow to craft the ideal mortgage financing solution, illustrating our role in a comprehensive wealth management strategy.

Through our multi-lender platform and special relationships in the world’s financial markets, Private Mortgage Lending has exclusive access to preferred pricing and portfolio programs

If you have a need for our Private Mortgage Lending platform, please contact David directly at 503-816-6350.

Private Mortgage Banking Program Highlights

  • Portfolio Lending
  • No pricing adjustment up to $10mm for some PMB Partners
  • Up to 100% Financing via Dual Collateral or Cross Collateral programs
  • Lend to Corporations, LLC, and variety of Trusts including Blind Trusts
  • Full Doc only or use of “Asset Depletion” of Liquid Assets for loan qualification purposes
  • Ladder/Structured Financing available using “2 First TDs” i.e.  10/1 ARM IO and 5/1 ARM IO
  • Relationship Based Pricing available
  • No maximum loan amounts or No Cash Out Limits
  • Construction Lending Available (Land, Construction to Perm)
  • No Prepay Penalty
  • Allows up to 60% DTI on “double carry” on new purchase
  • CO-OP lending available
  • Lending in all 50 states
  • Commercial Lending available on case by case basis
  • Bridge Loan Financing available on case by case basis
  • Foreign Nationals Mortgage Loan Program
  • Foreign Currency Mortgage Loan Program

Private Mortgage Banking Client Profile and Minimum Requirements:

  • Net Worth Requirements will apply from minimum of $2mm to $5mm of liquidity and minimum of $5mm to $10mm Total Net Worth
  • Non Owner Financing on case by case basis for certain PMB clients only
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