Real eState guide Serv ing Laguna Beach & Newport Beach Communities mArCh 25, 2011 | VOL. 1, ISSUE 20 COaStal One-on-One with Nate Kuchera VICE PrESIDENT wITh COAST CAPITAL GrOUP “recently, we have seen more portfolio lenders come to market to provide even more options for consumers.” Coast Capital Group located in Corona del Mar and Hermosa Beach, offers mortgage solutions for borrowers looking to purchase or refinance their properties. After watching the industry evolve over the last 15 years, Nate Kuchera shares his insight into the current mortgage lending environment. Q: How has Coast Capital Group been able to thrive amidst all of the changes in the mortgage industry? A: We’ve been able to bridge the gap for borrowers by developing exclusive relationships with the most competitive lenders known in the marketplace. While most borrowers are being treated like a number by their bank or the few jumbo lenders out there that most mortgage companies are working with, we have been able to excel. Our approach to financing is to truly help the borrower with sound mortgage advice, and our goal from day one has been to develop lifelong relationships with our clients. Q: What are the biggest challenges or “myths” you see out there today in mortgage lending? A: Many consumers and Realtors are still under the misconception that they are not lendable or that banks aren’t willing to lend. We’ve watched our industry evolve from a point of little regulation, to where it is now with excessive regulation, but the bottom line is banks are making plenty of loans and rates are still near historic lows. For example, 2008 was a bad year for many of our Self Employed Mega Jumbo borrowers, but in early 2010 our investors were underwriting to current cash flow which allowed borrowers to purchase properties CONTINUED ON PAGE 5 featured home Unique Laguna Beach Compound on Double Ocean View Lot in Laguna Village Situated One Block from the Beach, Four Vintage Cabins Offer Ocean and Catalina Vistas LOCATION: 1252-1254 Glenneyre St., Laguna Beach OFFER: $2,495,000 AGENT: Mary Lou Mathewson, Coldwell Banker Residential Brokerage PHONE: 949.525.8246 EmAIL: email@example.com Four separate residences situated on a double ocean view lot in Laguna Village have awesome ocean and Catalina Island views. The main house has two bedrooms; the other three vintage cabins each have one bedroom and one bath. The entire property has been restored to its unique 1920s character within the past four years. Each house has a kitchen and is fully furnished – ready for immedi-ate occupancy. The restoration and decor is reminiscent of the circa 1920s log cabin. Woodsy and cozy, all residences are located within a privately fenced setting. With just one block to the ocean and sandy beaches, enjoy morning exercises, walks and meditation with the Pacific as your backdrop. The property has a street to alley location, three detached garages and a separate laundry room. The indoor gathering area at the “hodgepodge” lodge is the juice bar; the outdoor gathering center has a barbecue, picnic table and kiva-style fireplace. There is “commercial/neighborhood” zoning, perfect for your business, a bed & breakfast or a relaxing retreat. BeaCh haVeNs NEIGhBOrhOOD SPOTLIGhT NEw LISTINGS/hOmES IN ESCrOw CLOSED in the “Leave it to Beaver” era. With only 72 homes, Beacon Bay is small enough that children of all ages play together. There is truly a sense of “community.” Beacon Bay offers low-key, vintage beach lifestyle at its finest! Characteristics of Beacon Bay: The standard lot in Beacon Bay is 40 feet on the water and 45 feet and 50 feet on the grass estradas. There are five special bay front homes which border the grass estradas, which are also on 50-foot lots. The openness and low density is evident throughout the community. Visitors’ first words are usually, CONTINUED ON PAGE 3 Beacon Bay, Newport Beach Introduction to the Enclave: Beacon Bay is often described as an “old-fashioned” neighbor-hood, where neighbors meet at the mailboxes, discuss issues on the beach, organize community events and share meals. It’s an extended family environment. Lots are large, there’s abundant grassy open space & a beach for children and dogs to play. Residents feel as if they are living • According to the MLS, the number of homes newly listed for sale in Newport Beach during the two-week period of 2/28-3/14/11 was 75 homes. Of these, the highest priced property was listed at $5,995,000. The lowest priced property was listed at $250,000. • According to the MLS, the number of homes newly listed for sale in Laguna Beach during the two-week period of 2/28-3/14/11 was 37 homes. Of these, the highest priced property was listed at $24,000,000. The lowest priced property was listed at $261,000. • According to the MLS, the number of homes that went into escrow and/or closed in Newport Beach for the two-week period of 2/28-3/14/11 was 47 homes. These homes were categorized as “backup offers,” “pending sale,” or “closed sale.” • According to the MLS, the number of homes that went into escrow and/or closed in Laguna Beach for the two-week period of 2/28-3/14/11 was 24 homes. These homes were categorized as “backup offers,” “pending sale,” or “closed sale.” DATA CAPTURED MARCH 15, 2011. INFORMATION PROVIDED BY TORELLI REALTY.