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Closed Loan in Trenton, NJ Property Type: Mixed-Use (Tier 1) Purpose: Purchase Loan Amount: $339,500 LTV: 70% Product: 5-Year ARM Interest Rate: 8.500% Loan Program: Investor No Doc Streamline With…
Closed Loan in Trenton, NJ Property Type: Mixed-Use (Tier 1) Purpose: Purchase Loan Amount: $339,500 LTV: 70% Product: 5-Year ARM Interest Rate: 8.500% Loan Program: Investor No Doc Streamline With…
Closed Loan in La Puente, CA Property Type: Retail Purpose: R/T Refinance Loan Amount: $1,500,000 LTV: 75% Product: 5-Year ARM Interest Rate: 9.500% Loan Program: Owner-Occupied Bank Statement In this…
Closed Loan in Ft. Lauderdale, FL Property Type: 2-4 Family Purpose: Purchase Loan Amount: $735,000 LTV: 75% Product: 5-Year ARM Interest Rate: 6.375% Loan Program: DSCR A DSCR loans is…
Closed Loan in Spartanburg, SC Property Type: Warehouse Purpose: Cash-Out Refinance Loan Amount: $828,000 LTV: 60% Product: 5-Year ARM Interest Rate: 8.000% Loan Program: Owner-Occupied No Doc Streamline Brokers continue…
Closed Loan in Cincinnati, OH Property Type: Multifamily Purpose: Cash-Out Refinance Loan Amount: $592,500 LTV: 75% Product: 5-Year ARM Interest Rate: 8.250% Loan Program: Full Doc As lenders redefine their…
Closed Loan in White Plains, NY Property Type: Restaurant & Bar Purpose: Cash-Out Refinance Loan Amount: $2,000,000 LTV: 36% Product: 5-Year ARM Interest Rate: 8.875% Loan Program: Owner-Occupied Bank Statement…
If you’re a mortgage broker working with small business owners, you already know this pattern: Borrower applies for an SBA loan. Weeks (or months) go by. The deal falls apart.…
It’s no secret – the commercial mortgage transaction process is complex and basically the bane of existence for every commercial broker in the industry. But despite having a bad reputation (too long and too complicated at times), the transaction process is actually quite simple. Or at least it can be.