Commercial
Real Estate Loans > Commercial Financing and the Abundance of Commercial Mortgage Money
Commercial Financing and the Abundance of Commercial Mortgage Money
MBA's
Commercial Real Estate Finance Conference Revealed Overflow of Money
I
just returned from the Mortgage Bankers Association's annual conference
on commercial mortgage finance. This year's conference was held in
the fabulous Gaslamp District of San Diego. I came away stunned by
the amount of money chasing commercial mortgages.
And
the lenders were really rolling out the red carpet for commercial
borrowers. One company was offering 25 year fully-amortized commercial
mortgages for no points, no appraisal fee, no toxic report fees,
and no closing costs. You'll find this lender on C-Loans.
Another
lender was a huge residential mortgage banker that had just entered
commercial. They were packaging commercial mortgages in the same
fully-documented style as home loans destined for sale to FNMA. The
impressive thing about this giant was that they already had an installed
base of 20,000 residential mortgage brokers.
One
lender was offering no income verification, no asset verification
commercial mortgages at rates only 75 basis points higher than normal
bank commercial mortgages.
Never
in the history of commercial mortgage finance has so much money been
chasing commercial mortgages.
Click
here to search the databank: C-Loans
Commercial Mortgage Lender Databank