228-205 vote to reject the $700 billion bill leaves financial institutions with very few options to stay afloat. Now the last resort for banks will have to be private venture capital.

Freddie Mac released new restrictions that limit cash-out financing and the maximum number of financed properties owned by borrower. As a response to this move, Peak Capital Group has announced its own "Maximize Leverage of your equity" and "Multi Property Financing" programs.

Gil Priel, Managing Director of Peak Capital Group, stated that Mr. Caplan will focus on the acquisition of delinquent residential and commercial mortgages and REO’s in the western United States.

Priel cites that the need for creative financing will become more important than ever as the REO market accelerates and more sellers are under duress.  “Lenders with portfolio funds will be a primary source for funding in 2008 and beyond.  Having immediate access to capital will be the "gold" for success in the coming years.”