Jackie Barikhan Closes $3.5M Dana Point Cash-Out Refinance Using Profit & Loss Mortgage Program
Jackie Barikhan Secures Strategic Cash-Out Refinance & 2nd mortgage on Dana Point Luxury Home Using Profit & Loss Mortgage Program Despite Appraisal Challenges
This transaction is a great example of how real estate value and real cash flow can be recognized even when traditional underwriting models create friction”— Jackie BarikhanDANA POINT, CA, UNITED STATES, June 23, 2026 /EINPresswire.com/ — Jackie Barikhan of Summit Lending recently structured and closed a $3.5 million cash-out refinance on a luxury coastal residence in Dana Point, California, with an appraised value of $5.3 million. Despite appraisal and documentation challenges, the loan was successfully financed through a specialized Profit & Loss mortgage program designed for self-employed borrowers.
The transaction enabled the homeowner to reduce their interest rate, access approximately $1 million in cash-out proceeds, and recover capital invested in extensive property renovations. In addition, Barikhan arranged a backup second mortgage line, creating an additional source of liquidity and future borrowing capacity without disrupting the primary financing structure.
This financing solution highlights the growing demand for alternative documentation mortgage programs that evaluate real cash flow, assets, and overall financial strength rather than relying solely on traditional tax-return-based underwriting.
High-Value Coastal Property with Complex Underwriting Scenario
The Dana Point residence, a fully renovated luxury coastal home, presented a unique underwriting scenario due to appraisal considerations and the borrower’s self-employed income structure.
Although the property demonstrated strong market value supported by a $5.3 million appraisal, traditional lending constraints required a more flexible approach to income qualification and loan structuring.
To solve for this, Barikhan utilized a Profit & Loss (P&L) stated income mortgage program, allowing qualification based on business performance rather than tax-return adjusted income.
Alternative Documentation Lending Enables Successful Execution
This financing structure was specifically designed for entrepreneurs, business owners, and high-net-worth individuals whose taxable income may not accurately reflect their true cash flow due to legitimate tax planning strategies and business deductions.
By leveraging a specialized Profit & Loss (P&L) mortgage program and strategic loan structuring, the borrower was able to:
• Secure a $3,500,000 cash-out refinance loan
• Utilize a $5,300,000 appraised property value
• Access approximately $1,000,000 in immediate liquidity
• Reduce overall borrowing costs through a lower interest rate
• Reimburse significant renovation and property improvement expenses
• Establish a backup second mortgage to provide additional access to equity and future liquidity if needed
The transaction highlights how alternative documentation lending solutions can help successful self-employed borrowers unlock the value of their assets, improve cash flow, and achieve financing objectives that may not be possible through traditional tax-return-based underwriting.
Strategic Credit Optimization and Future Positioning
In addition to closing the transaction, Barikhan assisted the borrower with credit optimization strategies, including targeted credit repair and rapid rescore initiatives designed to strengthen credit positioning and improve qualification outcomes for future lending opportunities.
These strategies are commonly used by high-net-worth borrowers seeking to maximize leverage, optimize interest rates, and expand financing flexibility across multiple properties.
Expanding Access to Jumbo and Non-Traditional Mortgage Solutions
“This transaction is a great example of how real estate value and real cash flow can be recognized even when traditional underwriting models create friction,” said Jackie Barikhan. “Our goal is to structure financing around the borrower’s actual financial strength… not just what appears on tax returns.”
Barikhan specializes in jumbo loans, bank statement mortgages, DSCR investor loans, cash-out refinances, and alternative documentation lending programs throughout California, with a strong focus on self-employed borrowers, investors, and luxury homebuyers.
About Jackie Barikhan | Summit Lending
Jackie Barikhan is a California mortgage specialist focused on jumbo financing and alternative documentation lending solutions for self-employed borrowers, investors, and high-net-worth clients.
With over 20 years of experience and more than $500 million in funded loans, Barikhan provides concierge-level mortgage advisory services including:
• Jumbo Home Loans up to $10M+
• Bank Statement Mortgage Programs
• Profit & Loss / Stated Income Loans
• DSCR Investor Financing
• Cash-Out Refinance Strategies
• Credit Optimization & Rapid Rescore Support
Jackie Barikhan
Jackie Barikhan – Summit Lending
Jackie Barikhan Closes $2.9M Duplex in Queens After Prior Lender Denial, Showcasing Elite Problem-Solving Expertise
Photo of recent DSCR loan closing in New York with Jackie Barikhan as Loan officer
DSCR loan, Queens, New York Duplex, Jackie Barikhan/ Summit Lending
Jackie Barikhan, Sr. Banker, Summit Lending
Jackie Barikhan secures a $2.9M Queens investment duplex loan after prior lender denial using DSCR and 1031 exchange expertise.
Transactions like this require more than just quoting rates… they require strategy, persistence, and knowing how to navigate the gray areas of lending”
RICHMOND HILL, QUEENS, NEW YORK, NY, UNITED STATES, May 14, 2026 /EINPresswire.com/ — In a transaction that highlights the importance of experience and strategic lending, Jackie Barikhan of Summit Lending successfully closed a $2.9 million investment property in Richmond Hill, Queens, after the borrower was previously denied financing by another lender, due to appraisal, rent schedules and property classification challenges.
Jackie Barikhan Closes $2.2M Self-Employed Cash-Out Refinance in Hollywood Hills – Stated Income Loan
Self-Employed Borrower Gets Over $1M Cash Out in Hollywood Hills – $2.2M Stated Income Refinance Beats Appraisal Challenges
With no tax returns, W-2s, or pay stubs required, we evaluated income using a Profit and Loss statement — the perfect solution for self-employed borrowers who need flexible, scenario-driven mortgages.”
HOLLYWOOD HILLS, CA, UNITED STATES, March 12, 2026 /EINPresswire.com/ — Jackie Barikhan of Summit Lending has successfully closed a $2.2 million cash-out refinance for a self-employed borrower in the Hollywood Hills / Hollywood Dell / Hollywood Hills East area, just below the iconic Hollywood Sign and near Lake Hollywood.
The $3.7 million single-family residence presented difficult appraisal hurdles, but Jackie’s expertise in Profit & Loss / Stated Income programs allowed her to shop the lowest rates and fees, navigate complex title and financial details, and deliver over $1 million in cash to the borrower.
Jackie Barikhan Closes $1.45M Cash-Out Refi in Oceanside, CA – with $350K to Self-Employed Borrower
Jackie Barikhan – Summit Lending closes $1.45M cash-out refinance with $350K cash out to self-employed borrower in Oceanside, CA.
This borrower’s self-employment and rental structure would have made traditional financing impossible”
OCEANSIDE, CA, UNITED STATES, April 8, 2026 /EINPresswire.com/ — Jackie Barikhan of Summit Lending has successfully closed a $1.45 million cash-out refinance for a self-employed borrower in Oceanside, California, delivering over $350,000 in cash-out to help expand the client’s investment property portfolio.
The property, a single-family residence with two accessory dwelling units (ADUs) valued at $2.15 million, presented unique challenges, including a complex rental income structure and limited comparable sales for appraisal.
Jackie Barikhan Closes $920K Assets-as-Income Jumbo for Indian Wells Investor
$920K Assets-as-Income Jumbo Closes for Self-Employed Investor in Indian Wells – 1031 Exchange, Solar Lease & <12-Month STR History No Problem
Other loan officers said this was an impossible loan”
INDIAN WELLS, CA, UNITED STATES, March 25, 2026 /EINPresswire.com/ — Self-employed investors in California face steep hurdles with investment properties … especially short-term rentals with limited history, 1031 exchanges, and solar lease transfers… but Jackie Barikhan of Summit Lending turns “impossible” into closed.
With over 25 years of experience and more than 130 five-star reviews across Google, Facebook, Zillow, and Yelp, Jackie specializes in alternative documentation jumbo loans for self-employed borrowers and real estate investors where banks say no.
CA Mortgage Expert Jackie Barikhan Closes $2.8M Bank Statement Jumbo Loan for Self-Employed Borrower in Porter Ranch
$2.8M Bank Statement Jumbo Loan Closes for Self-Employed Buyer in Porter Ranch – $3.5M Home Purchase Overcomes Crypto & Title Hurdles
As a broker, we shopped multiple lenders to secure the best rate and structure while handling crypto verification and title hurdles”
PORTER RANCH, CA, UNITED STATES, March 18, 2026 /EINPresswire.com/ — As California home prices remain elevated in premium areas like Porter Ranch, self-employed borrowers are turning to bank statement jumbo loans and alternative documentation programs to secure financing that traditional guidelines often deny.
Jackie Barikhan of Summit Lending, a leading California self-employed mortgage specialist with over 25 years of experience, helps entrepreneurs, consultants, and business owners qualify using real cash flow via bank statements rather than tax returns reduced by legitimate deductions.
Case Study: $3.5M Porter Ranch Home Purchase – $2.8M 24-Month Bank Statement Jumbo Loan Approved
