Logan Finance Corporation launches Open Road Elevated, a new high-balance tier within its Open Road Non-Qualified Mortgage (Non-QM) product series. This tier serves affluent borrowers seeking loan amounts above conventional and many standard Non-QM limits.
The Hauppauge, New York-based lender offers loan amounts up to $5 million across several specialized underwriting programs. This provides mortgage professionals with financing options for high-net-worth borrowers, self-employed clients, and experienced real estate investors whose financial profiles often fall outside agency lending standards.
“There has been a hole in the marketplace for several years that needed to be corrected. We have been working on this program with our sales team and investors for a long time,” said Don Pace, chief executive officer of Logan Finance. “Open Road Elevated gives our broker partners the tools to serve their high-net-worth customers at the level they expect, with loan amounts and qualification pathways that match the scale of their actual financing needs.”
Open Road Elevated: Tailored Loan Programs
Logan’s new Open Road Elevated tier includes four loan programs tailored to different borrower profiles.
- The Full Doc (Roam) option provides loans up to $5 million for borrowers with strong credit and fully documented income.
- The Bank Statement (Overland) program allows borrowers to qualify using 12- or 24-month personal or business bank statements. This is a common underwriting approach for self-employed borrowers whose tax returns may not fully reflect their cash flow.
- The Asset Qualification (Beyond) option converts liquid assets into qualifying income using a 120-month asset depletion calculation. This method is often used for retirees, investors, and high-net-worth borrowers who hold significant assets, but limited traditional income.
- For real estate investors, the Debt Service Coverage Ratio (DSCR) (Autobahn) program offers loans up to $4.5 million for business-purpose properties using a minimum 1.25 debt-service coverage ratio, along with flexible one- to five-year prepayment options and no cap on cash reserves.
“Open Road Elevated is a direct response to what our broker partners have been asking for,” said Bobby Love, President and Chief Financial Officer at Logan Finance. “There is a significant and underserved segment of borrowers who have the credit, the assets, and the cash flow to support a large loan, but simply don’t fit the conventional mold.”
High-balance mortgage lending has grown more important in recent years. Home prices in many U.S. markets have climbed well beyond the limits set for conforming loans backed by Fannie Mae and Freddie Mac. For 2026, the baseline conforming loan limit is $832,750, with higher limits up to $1,249,125 in designated high-cost markets. This creates a gap that Non-QM and jumbo lenders increasingly aim to fill. The baseline increased from $806,500 in 2025 to $832,750 in 2026, reflecting a 3.26% rise in home prices measured by the FHFA’s House Price Index.
Logan Finance states Open Road Elevated is now available through its wholesale channel, providing mortgage professionals immediate access to the new tier.