Need advice on a commercial loan? Choosing the right one could save you thousands...every year!

 
 
 

Commercial Real Estate Mortgages
We can save you money when it comes to selecting a loan for your business, whether it's an office building, retail store, apartment dwelling or other facility. Our team is experienced in the intricacies of acquiring funding for commercial ventures at very competitive rates. Just follow the "Quick Link" on our home page to learn about our commercial division. We can show you loans ranging from new construction to renovation to refinance programs, all tailored to suit your circumstances perfectly.

 
 
 
 Individual, corporation, partnership, and LLC business structures
 Fixed and adjustable rate programs
 First and second mortgage combinations to maximize flexibility
 Small Business Administration (SBA) loans
 High loan to value options available
 Large loan limits to meet your needs
 

We promise to deliver exceptional service and professionalism to assist you in making this important business decision. Our loan process makes getting your loan as easy as possible. To schedule an appointment, please call 800.865.6266 for immediate assistance.

 
 

European Concerns Increase

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled countries. As a result, investors shifted funds to relatively safer investments, including US mortgage-backed securities (MBS), which helped mortgage rates move lower.

The recently passed extension to the temporary payroll tax reduction contained a lightly publicized revenue raising provision to increase the guarantee fees charged on Fannie Mae and Freddie Mac loans. This fee results in higher rates for borrowers, and mortgage rates for loans not expected to close within the next month or so have begun to reflect this coming increase in guarantee fees.