MARKET UPDATE BLOG
Correspondent Corner
August 16, 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 $5,000,000 – $85,000,000
  • Lends nationally in major markets through an exclusive correspondent network
  • Offers variable rate loans, and can offer fixed rate terms up to 15 years
  • 25-year amortizations are typical. 30-year amortizations and interest only available on a case-by-case basis
  • Non-recourse lender
  • Retail, office, industrial, and multi-family properties considered
  • Strong sponsorship is required
  • Rate locks available at application with deposit
  • 65% loan-to-value (LTV). Will consider 70% on a case-by-case basis