MARKET UPDATE BLOG
Correspondent Corner
November 21, 2019

Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our bank correspondent lenders.

  • Loan amounts range from $1,000,000 – $50,000,000 (case-by-case for larger)
  • Nationwide lending platform – prefers top markets
  • All property types considered – strong player for multifamily and single-tenant properties
  • Floating rate loans from 2-10 years
  • Fixed-rate loans up to 10-year term and 30-year amortizations
  • Will rate lock up to 12 months in advance of funding
  • Interest-only for low leverage deals
  • Step down prepayment penalty
  • Typically a non-recourse lender