The client is a former Wall Street executive and he is thrilled with the interest rate. This is a custom loan product for special borrowers with high value properties over $5,000,000.
Los Angeles, CA (PRWEB) October 27, 2008
Watermark Financial, Inc., (http://www.watermarkfinancialgroup.com) a Los Angeles based boutique commercial mortgage firm, secured $15,000,000 in financing for the refinance of a single family home in Montecito, CA.
The variable rate loan, fixed for 6 month periods carries a 4.47% interest rate and an interest only payment schedule, was facilitated by Watermark for the privately owned home.
"Watermark specializes in making the best match between borrower and lender. We are proud to have helped a client close on a large balance transaction, especially during such volatile market conditions," said Watermark President Georgia Ragsdale. "The client is a former Wall Street executive and he is thrilled with the interest rate. This is a custom loan product for special borrowers with high value properties over $5,000,000."
The subject property was completed in July of 2008. This spectacular estate compound commands a view of the entire Santa Barbara coastline and Channel Islands.
Watermark was formed by Georgia Ragsdale and Elizabeth Braman, Esq., CCIM and serves clients in the development and real estate investment sector.
ABOUT WATERMARK FINANCIAL, INC.
Los Angeles based commercial real estate mortgage firm Watermark Financial is an experienced financial lending team offering individuals and companies access to debt and equity financing for all their funding needs. With access to nationwide investors and lending sources, the firm specializes in custom solutions for their clients.
To learn more, please visit http://www.watermarkfinancialgroup.com
For additional information or to schedule an interview with Georgia Ragsdale please contact Angela Hartman.
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