Correspondent Corner
September 6, 2018
Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our most competitive Life Insurance Company correspondent lenders in the market:
- Loan amounts range from $500,000 – $20,000,000
- Nationwide lending platform
- 25-year amortizations are typical. 30-year amortizations available on a case-by-case basis.
- Will consider non-recourse at lower LTV
- Retail, office, industrial, and multi-family, MHP, and mini-storage properties considered
- Rate locks at application with 1% deposit
- Max 75% loan-to-value (LTV)
- Ok with short-term leases or rollover, mom and pop tenancy, ground lease, and leasehold properties