Archive for May, 2014

California Jumbo Residential Loans to $10,000,000

Press Release- Los Angeles, CA

May 7th, 2014

Dominion Mortgage Corporation, the residential lending division of Dominion Corporation, significantly ramps up their residential portfolio lending in the Golden State by announcing today that they are now offering jumbo residential loans up to $10,000,000.  Dominion has long been considered one of the pioneers of “estate property” financing in California, lending to movie stars, doctors, recording artists, athletes, and other high net worth homeowners since 1976.

What’s new about this program, says Paul Horvitz the President of Dominion, is that we have relaxed the guidelines to serve the public at large”.  Mr. Horvitz further states, “You don’t have to be famous to be treated like a celebrity!”

Valerie Pang, Vice President in charge of Underwriting, says “we are now able to creatively structure loans for those high net worth individuals who have been unable to qualify for conventional jumbo loans because of their complex financial situations.  For example, we can limit a borrower’s capital gain exposure by having them pledge their investment accounts as a down payment rather than liquidating them.  Also, we have common sense underwriting and we would consider a borrower who has had a one time credit blip if there is a reasonable explanation.  Most conventional jumbo lenders do not allow title to be taken in a corporation, partnership, or LLC, we do.”

Dominion is also well known for their nationwide programs for financing commercial and healthcare real estate properties starting at $1,000,000 and up.  They are headquartered in Los Angeles, California.

Categories: Dominion's Blog