An MBA survey released last week showed a 34 percent increase in commercial and multifamily mortgage originations between the third and fourth quarters of 2013, according to Mortgage Professional America (MPA). The survey also showed that commercial and multifamily originations in the last quarter of 2013 were 16 percent higher than Q4 of 2012. Commercial […]
Read More… from Year-end Surge in Multifamily and Commercial Mortgage Originations
If you’re a broker working with a non-bankable borrower who is looking for multifamily financing, a small commercial mortgage lender might be able to help. In order to begin the lending process, there will be some basic information that you and your borrower will need to discuss with the lender to obtain the multifamily financing […]
Read More… from Getting Your Borrower To Qualify For Multifamily Financing
Despite the fact that rental demand is expected to increase by over 6 million units through 2016, and commercial and multifamily lending is expected to grow in 2014, non-bankable borrowers looking for small multifamily mortgages remain an underserved market in the commercial mortgage industry. Given that homeownership is declining, consumer confidence remains low and credit […]
Read More… from How To Get Involved In The Growing Multifamily Mortgage Market
Earlier this month, the Consumer Financial Protection Bureau’s qualified mortgage rule went into effect. This rule was created to help borrowers understand the cost of a mortgage and to protect them from the risky lending practices that contributed to the housing crisis. Many industry professionals are wary of this rule, contending that it will make […]
Read More… from Diversifying Your Product In The Wake Of New Mortgage Rules
If you’re a broker whose borrower has been turned down by banks and non-conforming private lenders for a small commercial mortgage, it’s time to start looking at hard money loan options. Traditional hard money lenders aren’t concerned with a borrower’s credit score and their loans don’t include prepayment penalties. However, certain aspects of these loans […]
Read More… from How APEX’s Soft Hard Money Loans Differ From Traditional Hard Money
If you’re a commercial or residential broker looking to expand your product offerings to include commercial hard money loans, it’s important to know how to find borrowers looking for these loans. While it may seem challenging at first, locating borrowers who need commercial hard money loans is a fairly simple task. In many places, the […]
Last week, The Wall Street Journal published an article entitled “Alternative Lenders Peddle Pricey Commercial Loans.” The piece focuses on the rise of alternative lenders as a viable option for post-recession financing for small commercial properties, concentrating on lenders that most people in the mortgage industry would classify as hard money. The article points out […]
Read More… from When is a Commercial Hard Money Lender Right For Your Borrower?
Although the country’s economic recovery continues to gain strength, there are still small business owners having a tough time obtaining small commercial mortgages. Banks are beginning to lend money to small business owners more often, but there are still some borrowers who are seen as too risky by traditional lenders. Some small business owners simply […]
Read More… from How to Close More Commercial Hard Money Loans
Since 1991, APEX Mortgage Corp. has been financing small commercial mortgage loans for non-bankable borrowers. This year, APEX is pleased to bring you a softer approach to commercial hard money loans. You’ve trusted APEX for more than 20 years to provide commercial mortgages for your non-bankable borrowers, and now we can help you obtain financing […]
Read More… from A Softer Approach to Commercial Hard Money Loans
Residential mortgage brokers are always looking for new ways to increase revenue. There’s a simple way to make more cash this year – adding small commercial mortgages to the products you offer! Borrowers looking for small commercial mortgage financing are an underserved market, and brokers willing to help these customers find loans stand to make more […]
Read More… from Add Small Commercial Mortgages To Your Product Offerings