$10,000,000 Refinance with $9,000,000 Cash Out
A customer in south Florida owned a homevalued at $30,000,000 with a mortgage of just $1,000,000. His attorney and accountant bothrecommended that he pull $9,000,000 cash outof his property to use for investment purposes. Several banks in the area would not look at the loan for several reasons. His banker referred him to us due to our reputation in being able to close loans such as these. The customer owned several complicated companies in the United States and overseas. We had to go STATED INCOME due to the complicated nature of these companies, and for the sheer volume of information that would have been required. Our customer had very good credit scores and sufficient liquidity.

Incredible Construction to Permanent Financing
A customer requested a construction to permanentloan to build a second home in Sea Island. Total cost of the project was $3,200,000, which included the cost of the lot, the construction costs and his closing costs. He was self-employed and was prepared to put 20% down for a STATED INCOME loan due to what other banks had told him. He preferred to leave his money in his investments though if possible. We informed him that we could establish his loan amount based off of the appraised value, which enabled us to give him a 95% loan to value saving him $480,000! We also built an interest reserve account into his loan where his interest payments were rolled into the loanamount, freeing him from monthly payments. We saved our customer $480,000, monthly interestpayments and his construction phase of the project was based on a rate in the 6s instead of prime plus which would have put him well into the high 8s.

$6,360,000 Stated Income Loan Closed with a Start Rate of 1.375%
A customer came to us requesting $6,000,000 to payoff construction loans he had obtained while building his beachfront home. Since it had taken over a year to build the home, we were able to use the appraised value instead of the actual cost of the home. By doing this, we were able to increase the loan amount to $6,360,000, which benefited our customer. We approved the loan as a STATED INCOME loan and used his company's assets as reserves. This eliminated the need for any tax returns or other financials to be submitted, which is quite out of the ordinary. Most investors will not go above $2,500,000 on a stated in come loan, and will almost never use company assets to qualify the borrower. We also obtained our customer a startrate of 1.375%. This saved him approximately $25,000 a month! In closing, we were able to obtain $360,000 more than the customer originally requested and still were able to close him with a 1.375% start rate. We saved our client over $25,000 a month, translating into a savings of over $300,000 a year and were able to approvethe loan as a stated income loan despite it being over $6 million, and we eliminated the need for any financials on the client's part.

100% Financing on a $1,000,000 Purchase
A customer came to us after being told by another lender that he would need to put 20% down or pay PMI, private mortgage insurance, which is very expensive. All of his cash was instocks and retirement accounts; therefore, he would have to pay taxes and possibly penalties on any amount he withdrew. We told him we could do an 80% first mortgage at 5.5% on a 5/1 interest only ARM and give him a 20% second mortgage at Prime rate with no closing costs. His first mortgage is fixed for five years with interest only payments, and he can still reduce the principal at his discretion and the payment will adjust the following month. His second mortgage is a revolving line of credit with interest only payments. The line was beneficial to him because he can pay it down and use it in the future. The result was a 0% down payment, closing costs rolled into the loan, interest only payments on both loans, and he avoided paying taxes or penalties on the funds he would have withdrawn.