Success Story #2
Loan Request : Primary Residence Refinance
Loan Amount: $13,000,000 ($8mm 1st TD and $5mm HELOC)
Client Profile: Client is an entrepreneur with ownership in multiple companies in various stages of business cycle. Former Appointment Secretary to President Ford and EVP of Amway Corp
Liquidity: >$20mm (up to $40mm within 18 months)
Net Worth: >$120mm
The Solution: PMB was able to provide him both financing requests on
5/1 ARM IO at 5.875% and HELOC at Prime -1%
The Success: Client is winding down his overall investment portfolio to cash over the next 12 to 18 months.
