San Diego-based financial network LendingGateway.com has partnered with national lenders, international investors, and hard-money lenders to offer super-jumbo loans from $2.5 million up to $50 million or more.
‘We are proud to go out of our way for our borrowers having difficulties finding funding for a higher-size loan amount,’ says Alexander Capio, CEO of LendingGateway.com. ‘With the housing market panic, we have found that traditional lenders have put a halt to their super-jumbo loan programs if the loan amount is greater than $2 million.’
LendingGateway.com notes that its super-jumbo loans are available with five-, 10- or 30-year terms, with fixed interest rates starting in the 6% range. Interest-only and stated-income programs are available, and most loan-to-values are around 75% to 90%.