FOR IMMEDIATE RELEASE

Los Angeles, CA (September 26, 2008) – Watermark Financial, Inc., 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 retired Wall Street executive and he was thrilled with the interest rate. This is a custom loan product for special borrowers with high value properties over $5,000,000.”

Completed in July of 2008, this spectacular estate compound harkens back to the Andalusian and Moroccan influences on the architecture of Montecito in the early 1920s. Though grand in proportion and in luxury of space, the home also exudes a sense of warmth, family and belonging.

Watermark was formed by Georgia Ragsdale and Elizabeth Braman, Esq. and serves clients in the development and real estate investment sector.

ABOUT WATERMARK FINANCIAL, INC.
Watermark Financial is an experienced financial lending team offering individuals and companies access to debt and equity financing for all their funding needs. Watermark secures the best available loan products and rates with access to a variety of nationwide investors and lending sources. Watermark’s proven expertise and client centered focus on custom solutions are how they close loans. Based upon the specifics of a project, Watermark will match a client’s request with the best financial products available.

To learn more, please visit www.watermarkfinancialgroup.com
For additional information or to schedule an interview with Georgia Ragsdale please contact Angela Hartman.

MEDIA CONTACT:
Angela Hartman
A Hartman Inc.
angela@ahartmaninc.com
direct: 323.650.9862
cell: 323.791.8226

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