Transcend Financial Solutions, LLC enhances their Acquisition and Development Programs.

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Apr 27, 2008 – Newly released website allows Commercial and Residential loan brokers access to unlimited programs and products through Transcend Financials nationwide network of Commercial/ Residential lenders and private money institutions.

“It’s a unique platform that we have made available for loan professionals” said Scott MacDonald, Transcend Financials Sr. Managing Partner “because it brings a wide variety of products under one roof for simple loan placement.”

“Transcend Financial is able to provide this service because of it’s network of Account Executives who work for Direct Lenders & Private Money Institutions nationwide.” “ Offering Commercial, Residential, Hard Money, Construction, and Acquisition & Development loans.” MacDonald added

All available loan programs and products can be viewed at Transcend Financials website http://www.TranscendFinancial.net along with
general guidelines, forms and loan submission process. Also find answers to your real estate loan specific questions at the following

480-553-8750 (Office)

info@transcendfinancial.net

http://www.transcendfinancial.net/CommercialLoanPrograms
http://www.transcendfinancial.net/BridgeLoan
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Super Jumbo Residential Loans are increasingly more difficult to find

Super Jumbo Residential Loans are increasingly more difficult to find on Wholesale marketplace for Mortgage Brokers
By Merrill J. Conner

By now it would be virtually impossible for anyone to not have heard about the “Subprime Meltdown”, “Mortgage Crisis”, “Credit Crunch” or the “Liquidity Crunch”. The current situation has been well publicized, and we have all heard the stories of the individuals who have lost their homes, or are struggling to keep them. These are usually the unfortunate ones that had credit, income documentation, or down payment issues, and ended up in adjustable loans.




The part of the story we don’t hear about very often, is the effect it’s had on the more affluent homeowners. High Net Worth individuals are also finding themselves having trouble obtaining new loans, whether it’s to refinance out of an adjustable mortgage, or to purchase a home. When the rate adjusts on a multi-million dollar loan, monthly payments can increase thousands of dollars. With the slowdown of the residential market, a quick sale for a good price is usually not an option. Additionally, a good number of these borrowers are self employed entrepreneurs who, very likely, are seeing a decrease in their income due to the overall slowing of the economy.
Obviously, everyday people aren’t going to feel too sorry for the business owner stuck with a big adjustable loan on their mansion. Nevertheless, when they find themselves in a bind that their local bank is no longer willing to help them out with, they may turn to a Mortgage Broker. Long gone are the days of easy loans of this magnitude, especially in the Wholesale marketplace. Super Jumbo Mortgages were some of the first types of loans to have guidelines tightened, with many lenders cutting them out entirely. Placing these loans can be an extremely frustrating experience for the Broker.

Transcend Financial Solutions, along with theirPrivate Banking partners, can help Mortgage Brokers with the placement of Super Jumbo Loans nationwide. Our Private Banking Super Jumbo program has more flexible parameters that allow us to take into account the borrower’s entire financial situation to come to a favorable conclusion. By doing this, we can meet the needs of most borrowers, and facilitate the kinds of loans that otherwise would be unattainable. Transcend Financial Solutions is willing to discuss many types of loan scenarios for High Net Worth clients, beyond the typical Single Family Residential.
High Net Worth clients normally have the credit, income, and collateral necessary to obtain a loan. They often own businesses, equipment, and other properties that can be leveraged to secure the additional financing required. Transcend Financial Solutions can draw on their expertise in the Commercial Loan realm along with the Private Banking partnership to structure a deal that is most advantageous to the borrower.

Contact :

480-553-8750(Office)
602-445-4950(fax)
http://www.transcendfinancial.net

Commercial Hard Money and Bridge Loans get a Soft Makeover

By Transcend Financial Solutions,LLC
In the current landscape of today’s lending market, most Hard Money funding options are too costly for the borrower to take advantage of. Transcend Financial Solutions, LLC has the ability to offer more advantageous loans for borrowers and investors to fund commercial projects by providing a lower pricing and fee structure.
Transcend Financial Solutions, LLC is excited to announce its new Commercial Private Capital loan program—”Commercial Soft Money”. Unlike traditional Commercial Hard Money, with exorbitant fees and high rates, “Soft Money” gives the borrower a much more aggressively priced loan option with less upfront points. The credit decision is still asset-based which allows Commercial borrowers to more easily qualify for commercial loans to finance their special situation such as transitional property — lease ups, tight closing deadlines, construction takeouts, rehabilitations, foreclosure purchases, etc. — when conventional lenders are unable to get it done.
This program is available in the Western half of the United States, as opposed to most of our other programs which can be funded nationwide. Transcend Financial Solutions, LLC is a network of Account Executives working for a small number of distinguished Direct Lenders. Our strategic alliances allow us to help facilitate a wide variety of Commercial loans.
For more details on Transcend financial Solutions loan programs visit us online at http://www.transcendfinancial.net/CommercialLoanPrograms

Improved Super Jumbo Loan platform now available for High Net Worth borrowers nationwide

At a time when it is becoming more difficult to secure financing for Super Jumbo loans, Transcend Financial Solutions, LLC has been able to increase their number of funding sources by partnering with the Private Banking Division of one of the world’s strongest institutions.

This new platform provides a competitive option for High Net Worth borrowers looking for a residential purchase, refinance, or construction loan. Loan amounts range from $1.5 Million up to $20 Million, and can be funded nationwide. This program is mainly offered to High Net Worth borrowers, and Mortgage Brokers are also welcome to submit these loans on behalf of their clients.

Our Private Banking Partner’s decision to fund the loan is based on the Borrower’s overall financial situation, with a focus on Net Worth, Liquid Assets, and Cash Flow. Unlike traditional Wholesale lenders, we don’t have many hard and fast “guidelines” or a matrix to match up Fico Score, LTV, Doc Type, DTI, and Loan Amount to see if the loan can be approved. We understand that most borrowers seeking these types of loans are entrepreneurs and that most business owners maximize their deductions as much as possible. We do not offer the typical Stated Income loans, however, we have approved self employed borrowers who showed little or negative income on their tax returns. This is achieved by utilizing compensating factors in addition to the tax returns rather than only considering the taxable income.

Call Transcend Financial Solutions, LLC today for Purchase, Refinance and ConstructionFinancing:

Transcend Financial Solutions, LLC headquartered in Scottsdale, AZ is a network of seasoned Account Executives who work for Direct Lenders & Private Money Institutions nationwide. Our strategic alliances allow us access to a full line of programs and products such as Commercial, Super Jumbo Residential, Hard Money, and Acquisition & Development loans.

For additional program details and product information visit us online at http://www.transcendfinancial.net/SuperJumbo