A: Again we do not publish these. As a Secondary Market mortgage platform we understand the marketplace and the current market demand. At LUXMAC Covino & Company, Inc. we do not believe our Client's fit in a box. Each transaction is looked at individually. We look beyond a Client's financial profile, assets, income and credit, we profile the type of business, successful history in past profession and at how accomplished a Client we are engaging. In determining financial products we base our decisions on a Client's Asset Profile with a focus on liquidity. LUXMAC will determine if a Client would benefit and qualify for a particular financial product without the necessary assets in light of upcoming liquidity event.
Q: Credit Scores?
A: LUXMAC is not a fico score driven company. We look for strong credit. As a demonstration, a Client who has a 660 but personally signs for all corporate debt (for their expanding company) that is continually paid on time: makes them less likely to default on their obligation: compared to an individual with a 720 that has a job in a declining industry. This is our logical and sound line of reasoning. That's what you can expect when referring your valued Clients to LUXMAC, a logical, sound and experienced approach to large transactions.
