(1888PressRelease) September 21, 2011
- New York, NY - International Investment Banking Firm "Alta Vista Securities" today announced it is expanding its Investment Banking services to include a 50 State Wholesale and Retail Mortgage Banking Division. The new division will operate under the name "Alta Vista Companies Mortgage & Investment". Alta Vista Companies Mortgage & Investment will initially open operational offices in: Beverly Hills, California, New York, New York and Boca Raton, Florida.
The expansion comes at a time the overall origination market experienced a 35% drop in new loans, breaking three consecutive periods of growth, according to Inside Mortgage Finance.
Alta Vista Securities has partnered with a Federally Chartered National Bank to launch "Alta Vista Companies Mortgage & Investment" in November of 2011. Based in New York, NY, Alta Vista Companies Mortgage & Investment will offer traditional bank level mortgage loans to consumers in all fifty states.
Along with the mortgage operations, Alta Vista Securities will be launching "Alta Vista Companies Mortgage Fund I" which will lend up to 75% Loan-to-value to Southern California and Southern Florida real estate professionals looking to purchase and rehab residential properties or build ground up investment properties for sale.
Alta Vista Companies Mortgage Fund I is also designed for the borrower who wishes to obtain a first mortgage loan to construct or rehabilitate a primary residence or second home and has obtained a permanent financing loan approval from a branch of "Alta Vista Companies Mortgage & Investment" select Fannie Mae, Freddie Mac, FHA or VA Home Loan Programs. The program provides for both construction financing and permanent financing with a simple single loan closing, avoiding the traditional two loan closing process and the excessive fees associated with it. The borrower signs one set of loan documents that cover both the interim construction phase and the permanent loan phase. The borrower may choose from several Fannie Mae, Freddie Mac, VA or FHA Home Loan Products (Fixed and ARM) available through Alta Vista Companies Mortgage & Investment Corporation and multiple rate lock options that offer a variety of features. The construction period can vary in length between 6, 9, and 12 months.
Additionally, construction periods of 15 and 18 months are available for the 1-year Treasury ARM product. During the construction period, the loan will be interest only with interest payments paid from an interest reserve account. When the home has been completed, the loan will be converted to a permanent mortgage.
There are currently 12 Alta Vista Companies Mortgage & Investment professionals working in the Beverly Hills, New York and Boca Raton Offices setting up to begin operations in November of 2012. Steve Muehler, President of Alta Vista Securities and Alta Vista Companies Mortgage & Investment states that this number will grow to more than 75 between now and the end of the first quarter of 2012, the majority of the new jobs being filled just before Thanksgiving and Christmas of 2011.
Alta Vista Securities anticipates a nationwide rollout of the construction program as a "wholesale mortgage product" during the late Spring of 2012.
Investors seeking a secure investment with above market average rates of return on their investment should contact Alta Vista Securities at 561-414-8194 for an investment prospectus / offering for "Alta Vista Companies Mortgage Fund I".
"It is this unique investment and operating platform, in addition to a strong compensation and benefits program, that allows our mortgage bankers and loan originators to better perform in today's market by focusing on meeting the "real" needs of their most important constituents - their communities and the customers who live in them," Steve Muehler said.
About Alta Vista Securities.
Founded in 2008, Alta Vista Companies is a leading energy, biofuels, oil & natural gas, mining & mineral rights and real estate equity investment banking firm with offices in: California, Florida, Brazil, Germany and Canada.
The Company's website can be viewed at:
To view a prospectus or for general inquiries, you may send an email to: LEGAL ( @ ) AltaVistaCompanies dot net
A registration statement relating to these securities has been, or will be in the very near future, filed with the German Frankfurt Stock Exchange but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of an "approved BaFin Investment Prospectus". When available, copies of the preliminary prospectus relating to the offering may be obtained for free, by contacting Alta Vista Securities Attn: Prospectus Department, 1501 Broadway (Times Square), 12th Floor, New York, NY 10036-5601, or by email at Legal ( @ ) AltaVistaCompanies dot net;
All trademarks and service marks are the property of the respective parties.
NEWS SOURCE: Alta Vista Securities