Tag archives: loans

More Parklet Considerations
By Montecito Journal   |   September 13, 2022

There are important issues Bob [Hazard] doesn’t address in his article about creative solutions to CVR parking. The first is equity. Why does the wealthiest business owner on CVR get parklets adding 150+ seats to Lucky’s and Tre Lune, for free, for years, and not K. Frank? Angel? All the galleries? Every business would benefit […]

Mortgage Happenings
By Jon McCuskey   |   December 24, 2020

One phrase has summed up the mortgage world since March: “record low rates.” Lenders have seen their pipelines swell to levels never seen before and things do not seem to be slowing down. Rates for conforming loans have been held low by the government’s intervention in purchasing mortgage-backed securities to aid in market liquidity. Meanwhile […]

The Economic Pandemic Meets the Hometown Banker
By Mitchell Kriegman   |   April 9, 2020

They call it the novel coronavirus. It will have existed for 142 days as of this publication. It’s called a “novel” virus because, while variations have existed before, this one is brand new. It’s unique in that it replicates quickly in asymptomatic people who are stealth carriers, then explodes in the population overwhelmingly, debilitating the […]

Small Business Help
By Kelly Mahan Herrick   |   April 2, 2020

Last week, the Santa Barbara City Council voted unanimously to pass a moratorium on evictions for both residential and commercial tenants through the end of May; a similar moratorium was passed by the Santa Barbara County Board of Supervisors as well, ensuring that residential and commercial tenants in unincorporated areas of the County are not […]

Helping the Nonprofit Community
By Peter Brill   |   March 5, 2020

Every once in a while, I have something that I feel so strongly should be presented because of its importance to community, change, and capital that I write it without a question from my readers. Ken Saxon’s work is one such example. Ken Saxon rightly is seen in the Santa Barbara community as the guru […]

Synergy One Lending Opens
By Kelly Mahan Herrick   |   November 15, 2018

Synergy One Lending, a recently acquired subsidiary of Mutual of Omaha, has opened its doors on Coast Village Road, in the space formerly occupied by Shine Blow Dry Bar. The nationwide mortgage lending company, which is based out of San Diego, was founded by Westmont grad Torrey Larson. “We really are a homegrown company, taking […]

Nonconventional Loans on the Rise
By Adam Black   |   August 30, 2018

by Adam Black Adam Black is the area manager and senior loan officer for New American Funding Montecito branch. He can be reached at 805-452-8393 or by email adamblackgroup@nafinc.com Being a mortgage guy, I can’t help but formulate things into mathematical equations. When I was asked to provide an update on what the biggest trends […]