Aspen Financial Partners LLC, a Denver-based privately held commercial real estate advisory and financial consulting firm, has added new conduits for funding super-jumbo residential and construction loans ranging from $3 million to $50 million throughout the U.S.
Residential products available include five-, 10- and 30-year fixed-rate loans with interest rates are in the 6.5%-to-7.5% range. Interest-only and full-doc or stated-income programs are available.
For construction loans, maximum debt-to-income is 45%, and locks of up to 24 months are available. These services are primarily focused on the upscale, luxury and boutique market tiers of hotels, resorts, gaming and condominium hotels, the company notes.