|By Benjamin Kang Lim and Koh Gui Qing BEIJING (Reuters) - A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade. That the fund is being launched just as growth in the world's second-largest economy has slowed to an 18-month low and the housing market is losing strength is no coincidence. China Orient Summit Capital, 80 percent owned by China Orient Asset Management Corp, will use its connections to help foreigners invest in an attractive but sometimes treacherous market for distressed assets, chief executive Lijian Chen said. "We see the cycle coming," he said, referring to an expected cooling down in the housing market.|
Welcome To Peak Financial, LLC
At Peak Financial, LLC, we treat each customer as an individual, not a number. We do all types of mortgages and specialize in alternative lending solutions for people with non-conforming situations. We work directly with our lenders to find the best solution for your mortgage needs with the lowest rates and fees. At Peak Financial, we specialize in "Customized Lending Solutions".
Every associate of Peak Financial has at least 12 years experience in mortgage lending. We represent a wide range of loan programs including Conventional, FHA, VA, USDA, CHFA and down payment assistance programs. Whether your situation calls for a Purchase, Refinance, Non-Owner Occupied (Investor) or Multi-Family, we can meet your goals!