Harbour Equity Partners has Super Jumbo Mortgages

By
Mortgage and Lending with Harbour Equity Partners, Private Client Services

 

 Loan Programs for our high net worth Borrowers

SuperJumboLoans.info offers the private banking programs for residential purchase, refi or construction, on premary, second homes or investment properties and investment grade security accounts only.

 

Standard Private Banking Program:
Loan amounts: From $ 500,000 to 20,000,000 plus, we will consider lower for an attractive borrower. Providing a borrower qualifies for the program we would offer a loan.

Loan Terms:
5, 7,10, 15, 20, 30 year fixed

Unacceptable Property Types:
* Cooperatives
* Time-Share Projects
* Unimproved Land
* Hobby Farms
* Manufactured ( Mobile ) Homes
* No Property on a Land Lease, or Not Fee Simple
* No Commercial Property

Income:
AGI income, business cash flow, asset dissipation and annuitizing cash reserves acceptable in qualifying as income.

Qualifications:
For this level of private banking we need the CIS form to reflect the following criteria to accept a borrower.
* Scores over 680
* Cash reserves of at least 10% of the loan amount
* Personal and/or business tax returns to support the debt service
* Bio on the borrower that reflects a good candidate for private banking

Primary Home LTV:
80% / to $2,000,000
70/75% to $3,000,000 CLTV
65/70% from $3,500,000 $4,000,000 CLTV
60/70% from $4,000,001 – $5,000,000 CLTV
55/65% from $5,000,001 – $6,000,000
Above $6 million is case by case

Second Home LTV:
85% / to $1,000,000
70/75% $3,000,000 CLTV
75% from $1,000,000 $1,500,000 CLTV
65% from $1,000,000 – $1,500,000 with Cash Out
65/70% from $1,500,000 – $2,000,000 CLTV

Max Cash out on 2nd homes is 350,000

This Program Does Not Allow:
* The use of Irrevocable Trusts
* No blanket loans
* No short refi
* Refi of property listed on MLS

This Program will Allow:
* Short sale purchase
* Ref with short sale on credit ( after 4 years)
* Yes to tax liens or liens from contractors
* Yes to multiple investment properties
* Yes to construction loans
* Yes to borrowers in the industry as a doctor, lawyer, realtor or developer ( but still case by case )
* Investment property purchase or refi
* Refi or purchase in the name of a family trust or LLC

Benefits of this program:
* Tailored loan based on self employed income
* Revolving private banking relationship, for all future financing

Details:
This program allows for the use of cash flow or cash reserve dissipation in place of AGI to qualify borrowers for a loan. The conventional alternative would be the stated income loan, and as long as the borrower cash flows we will consider that as income. Borrowers for this program have much more flexibility with financing especially when it comes to the borrowers income. Credit is a consideration for this programs and less consideration is given to the borrowers financial profile. This program is available in all 50 states and comes with a revolving relationship whereby the borrower can continuously tap into this private banking resource for future financing.

Premiere Private Banking Program:
Loan amounts: From $ 500,000 to 20,000,000 plus, we will consider lower for an attractive borrower. Providing a borrower qualifies for the program we would offer a loan.

Loan Terms:
5, 7,10, 15, 20, 30 year fixed or LIBOR loan See this link for an example of Interest Rate swap.

Depository Relationship may be required for this :
Benefits include:
Deposit of $250,000 will reduce the par rate and discount of .125%
Deposit of $500,000 will reduce the par rate and discount of .250%
Deposit of $1,000,000 will reduce the par rate and discount of .500%

Unacceptable Property Types:
* Time-Share Projects
* Unimproved Land
* Hobby Farms
* Manufactured ( Mobile ) Homes
* No Property on a Land Lease, or Not Fee Simple
* No Commercial Property

Income:
AGI income, business cash flow, asset dissipation and annuitizing cash reserves acceptable in qualifying as income.

Qualifications:
For this level of private banking we need the CIS form to reflect the following criteria to accept a borrower.
* Scores over 700 or with several million in PCL we may waive the score requirement all together
* Cash reserves of at least 10% of the loan amount
* Personal and/or business tax returns to support the debt service
* Bio on the borrower that reflects a good candidate for private banking
* Borrower either has a depository relationship or have several million in liquid reserves

Primary Home LTV:
80% to $1,000,000
75% to $1,500,000
65% to $4,000,000
Above $6 million is case by case

Second Home LTV:
70% to $1,000,000
65% from 1,000,000 $5,000,000 CLTV

No cash out on 2nd homes investment property

This Program Does Not Allow:
* No blanket loans
* No short refi
* No tax liens or liens from contractors
* No land loans
* No construction

This Program will Allow:
* Short sale purchase
* Will allow to cross over 100% or more of a property
* Ref with short sale on credit ( after 4 years)
* Yes to multiple investment properties
* Yes to construction loans
* Yes to borrowers in the industry as a doctor, lawyer, realtor or developer (but still case by case)
* Investment property purchase or refi
* Refi or purchase in a family trust or LLC
* Refi with property listed on MLS

Benefits of this program:
* Tailored loan based on self employed income
* Revolving private banking relationship, for all future financing.
* Ability to cross collateralize to get the highest LTV ( ex. to 100 LTV or more )

Details:
This program allows for the use of cash flow or cash reserve dissipation in place of AGI to qualify borrowers for a loan. The conventional alternative would be the stated income loan, and as long as the borrower cash flows we will consider that as income. Borrowers for this program have much more flexibility with financing especially when it comes to the borrowers income or property value. Credit is not always a consideration for this programs and more consideration is given to the borrowers financial profile. This program is available in all 50 states and comes with a revolving relationship whereby the borrower can continuously tap into this private banking resource for future financing. In addition this level of private banking allows for cross collateralization with cash and securities to meet the desired LTV or loan amount in the case that the borrower has a value issue on the property. For ultra high net worth borrowers there is ability to provide a business line of credit or factoring loans against future sales or accounts receivables. This product is ideal for the ultrahigh net worth borrower that needs a reliable funding source that could keep up with the borrowers who are in the transactional or deal-making business.

For borrowers that may fit this program, Please feel free to call me at 631-757-9700 x33 or complete the submission form and email or fax for a prelim approval to info@superjumboloans.info or fax to 631-991-9142

 

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