How a Dana Point Business Owner Closed a $750,000 Second Mortgage in Three Weeks Using a Flexible P&L Loan

Dana Point business owner secures a $750,000 second mortgage on a $7M home using a flexible P&L program, closing in just three weeks.

DANA POINT, CA, UNITED STATES, August 20, 2026 /EINPresswire.com/ -- Jackie Barikhan with Summit Lending, known as My Lender Jackie, recently closed a $750,000 second mortgage secured by a stunning Dana Point residence valued at $7 million.

The transaction was completed in just three weeks for a high-net-worth borrower with a 790 credit score who had the financial strength and assets to qualify but preferred not to go through the traditional process of providing personal tax returns.

Instead, the borrower utilized a flexible Profit & Loss (P&L) mortgage program, creating a streamlined path to financing without relying on the conventional income documentation typically required for a high-balance mortgage transaction.

For many highly successful business owners and high-net-worth individuals, the traditional mortgage process can fail to capture the complete financial picture. Tax returns and W-2s are often designed for tax reporting… not necessarily for demonstrating the full scope of an individual's assets, liquidity, business success, or overall financial strength.

In this case, the borrower did not need a complicated financing solution because of weak credit or insufficient assets.
In fact, the opposite was true. The borrower had substantial financial resources and an excellent credit profile but wanted a mortgage process that offered greater flexibility and efficiency.

By utilizing a P&L-based financing program, Jackie Barikhan of Summit Lending was able to structure the transaction around documentation that better aligned with the borrower's financial profile and business reality.

The result: a $750,000 second mortgage closed in approximately three weeks on a Dana Point home valued at $7 million.

High Net Worth Requires Higher Flexibility

High-net-worth borrowers often have financial profiles that are more sophisticated than traditional mortgage guidelines were designed to accommodate. Their income may come from multiple businesses, investments, real estate holdings, partnerships, and other assets.

That is why alternative documentation programs can provide an important financing option.

Assets speak louder than tax returns.

"Successful borrowers should have access to financing options that recognize the full strength of their financial picture," said Jackie Barikhan of Summit Lending, My Lender Jackie. "For some clients, tax returns tell only one part of the story. When you have a strong balance sheet, significant assets, excellent credit, and a successful business, there are financing solutions designed to provide more flexibility and a more efficient closing experience."

Success Writes Its Own Rules

The Dana Point transaction demonstrates a growing need for mortgage programs designed for borrowers whose financial lives do not fit neatly into conventional underwriting boxes.

For entrepreneurs, business owners, investors, and other high-net-worth individuals, income is often structured differently than that of a traditional salaried employee. Business expenses, depreciation, investment strategies, and tax planning can all affect what appears on a tax return without necessarily reflecting the borrower's true financial strength.

Success writes its own rules… and financing should have the flexibility to recognize that.

Located along one of Southern California's most desirable coastlines, Dana Point represents the type of luxury real estate market where sophisticated borrowers often require equally sophisticated financing solutions.

From coastal luxury properties to complex high-balance financing scenarios, Jackie Barikhan with Summit Lending, specializes in helping borrowers explore mortgage solutions beyond conventional guidelines, including Profit & Loss programs, bank statement loans, jumbo financing, asset-based lending, DSCR investor loans, and other alternative documentation options.

This recent Dana Point closing is another example of how the right loan structure… and the right lending expertise… can create a faster, more flexible path to financing for borrowers with complex or nontraditional financial profiles.

Transaction Highlights
• Location: Dana Point, California
• Property Value: $7 million
• Loan Amount: $750,000 second mortgage
• Loan Program: Profit & Loss (P&L) program
• Borrower Profile: High-net-worth business owner
• Credit Score: 790
• Documentation: No personal tax returns required for this transaction
• Closing Time: Approximately 3 weeks

About Jackie Barikhan and Summit Lending

Jackie Barikhan, known as My Lender Jackie, is a mortgage professional specializing in complex financing solutions for self-employed borrowers, business owners, real estate investors, and high-net-worth clients. Through Summit Lending, Jackie helps clients explore flexible mortgage programs, including jumbo loans, bank statement loans, Profit & Loss financing, DSCR loans, asset-based solutions, and other alternative documentation options.

With more than 20 years of lending experience and over $500 million in closed loans, Jackie and her team… focus on finding financing solutions that reflect the complete financial story… not just what fits inside a traditional underwriting box.
Learn more at MyLenderJackie.com

Jackie Barikhan
Jackie Barikhan - Summit Lending
+ +1 949-600-0944
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