IO is Interest Only
60 day rate locks.
This survey is for informational purposes only and not an offer to lend
One Million Dollar Plus is not a lender.
* Rate illustrations are a commitment to lend.
Minimum net worth and personal liquidity requirements will apply.
Pricing subject to change daily.
This communication is intended for business partners and real estate professionals for reference only
** HNW Client must be open to Bona Fide meeting/conversation about starting a Private Bank Relationship.
Some Indicative Pricing will include minimum starting Private Bank Relationship.
Services We Provide:
Multi-Milion$ Residential Real Estate Financing at the lowest interest rates & best terms in the USA
Luxury Aircraft Financing
Fine Art Financing
Commercial Real Estate Financing
One Million Dollar Plus serves the affluent US and international families to achieve their Multi-Million Dollar real estate mortgage and other credit planning goals, with the BEST possible terms. Then we supervise the lender throughout the process and funding, on behalf of our clients.
Advisors provide assistance and advice concerning the client’s overall financial credit position, designed to enhance credit analysis, credit structuring and additional financial information for use by lenders to comply with state and federal laws that apply to banks and other financial institutions. Recent changes in the law, such as Dodd-Frank, require financial institutions to gather and rely on minimum financial information in determining “ability to pay” the interest and capital on any loan made by the financial institution. Even though a financial institution might be provided with income tax returns and – financial statements, such information is often insufficient for them to use in offering the client the lowest possible interest rate and other terms for the desired loan. We focus on providing additional information and explanations that will allow financial institutions to support their decision to offer a loan at a lower rate and better terms than would be provided without the availability of the enhanced information reporting provided by One Million Dollar Plus.
“Regarding my recent multi-unit property sale.” I feel compelled to you that, with a very difficult deal in front of them. Ira was unrelenting and in at the end, was able to come through for us. Ira is wonderful, especially for the deal you think anyone else can possibly do. As former lender, I bow to both of them, Ira is happier than any of us. in the final analysis, we are only as good as our business partner
“When everyone else said a loan couldn’t be approved to a very well qualified client, Ira was able to look at this client’s situation and made it happen in record time! He is available 24/7 and a delight to deal with. Thank you Ira”
“Thank you Ira for handling our Malibu purchase financing. You did an exceptional job.”
“I am a long established local Realtor who along with my life partner recently had a pleasure of dealing with Ira Meltzer. Although I have access to a multitude of loan providers, I prefer to do business with Ira because of his personal level of service. His unique standards of professionalism elevate the entire loan process to a new level. We highly recommend him to anyone searching for a loan service”
“Ira you are the best. No one does it like you”
“The Loan process is a breeze with Ira Meltzer at the helm. Smooth sailing all the way”
Celebrity ultra high net worth client was seeking to significantly reduce the interest rate on his existing Beverly Hills estate mortgage. The residence is worth $26 Million+. The client had very complex financial statements and new business acquisitions. Had been trying unsuccessfully for many months to reduce this int. rate with local LA area mortgage sources.
Credit Facility: $12,750,000 at 2.75% 10/1 interest-only monthly payments for the first ten years replacing a mortgage that was more than double the interest rate and had amortized payments. Cut cash outflow for our client by more than $20,000 a month. Our exclusive and long-term relationship with this private bank enabled us to exceed the client’s expectation.
New cash flow from real estate portfolio with several large legal expenses including the recent divorce. Credit Request: Refinance of primary residence and 2nd home.
Credit Facility: $4,600,000 and $1,400,000 (combined $6MM of credit).
Client Profile: Ultra High Net Worth client is a serial entrepreneur and real estate investment professional and with significant holdings in real estate and private investments.
Liquidity: >$4.5MM Net Worth: >$40MM
The main challenges presented in this credit request:
- Client’s personal tax returns did not show the required taxable in order to debt service the credit request.
- Clients became CEO of Start-Up Venture with Employment Income of < 1 year.
- Acquired 2 commercial portfolios within the last 12-18 months with strong cash flows.
- Client incurred several 1-time Legal Expenses for Divorce settlement and other litigation (settled in clients favor)
With our special and long-term relationship with the private bank, we were able to provide a detailed confidential summary and proforma forecasts from client’s Startup venture which provided detailed financial information with sales and client data to summarize the impact of company’s future cash flow and valuations. and detailed summary to assuage any risk concerns. e Private Bank determined that all of the current personal cash flow would be acceptable in their analysis of overall debt servicing on new credit requests
Bank jumbo mortgage debt. Couldn’t perform purchase of $7,500,000 primary residence.
Credit Facility: $5,000,000
Client Profile: Ultra High Net Worth client is a real estate investment professional and entrepreneur with significant holdings in real estate and private investments.
Liquidity: >$11MM Net Worth: >$65MM
The Concern: Our client started working with a Mortgage Banker using traditional Jumbo credit criteria. They were unable to properly understand the client’s cash ow causing them to possibly breach the financing contingency.
- The main challenges presented in this credit request:
Client’s personal tax returns showed $14.9MM in losses for the last three years.
- There were over 75 different business tax returns to review and analyze.
- Due to the current escrow period, Private Mortgage WealthAdvisors only had ve business days to work with its private banks and the client to arrive at a solution and meet the financing contingency.
Purchase using current employment of one month AND Restricted Stock Units. Purchase of $4,800,000 primary residence.
Credit Facility: $3,250,000
Client Profile: High net worth client with significant liquidity in investments portfolio.
Client Liquidity: >$7MM Net Worth: >$10MM e Concern: Client sold his company in 2013 and took a year o to travel around the world. In 8/2015, he started new employment and a large portion of his compensation was in Restricted Stock Units which vest over 4 years.
The Solution: Based upon Private Wealth Advisors’ analysis of the client’s personal financial statement, and with its special and
A long-term relationship with the private bank, we able to provide the private bank the comfort of using:
- One-month income.
- Use of Asset Depletion of client’s liquidity.
- Use of Restricted Stock Unit.
The Success: Working in concert with its private bank relationship we were able to close the transaction ahead of closing date so a family could move into the new house early.
Bridge financing on a listed property with asset depletion to purchase a home in Texas. Bridge Financing/Refinancing on Listed Property with use of Asset Depletion. Credit Facility: $2,500,000
Client Profile: High Net Worth client (HNW) is an investment professional and Patent Attorney with significant holdings in Private Equity, real estate, and debt investments. Client Liquidity: >$3.5MM Net Worth: >$20MM
The Concern: Our client does not have a current and consistent income to satisfy the requirements for qualifying income due to the cash flow nature of their Private Equity Investments. In addition, the current property was listed for sale.
The Solution: Based upon our special and long-term relationship with the Private Bank, along with detailed analysis of all personal cash flows from over 30 personal and business tax returns and K1s, we were able to provide the private bank credit Team a level of comfort to make an exception to their listed property guidelines. In addition, we were able to persuade the private bank to utilize the asset depletion model for qualifying income purposes as well as some K1 distributions and 1099 consulting revenue. Furthermore, we were able to have the private bank consider this credit request under their “Double Carry” guidelines to allow up to 60% debt coverage.
The Success: Working in concert with the Private Bank, we were able to close the transaction with 3/1 ARM at very low rate Private Bank pricing.
Connect with us
Copyright © 2020 OneMillion$Plus. All Rights Reserved