Silver Hill Funding Senior Vice President and Forbes Real Estate Councilmember Michael Boggiano recently contributed a new article to the Forbes Real Estate website. The subject: small-balance commercial bridge loans.
In the article, titled “Commercial Mortgage Originators: Grow Your Niche, Grow Your Business,” Boggiano argues that mortgage brokers who take on commercial bridge loans have an opportunity to expand their business and differentiate themselves in an increasingly competitive market.
Perhaps most importantly, he details some of the alternative lending options available for borrowers who are not able to work with traditional banks. These kinds of lenders can provide additional value because the short term lengths and flexibility required for most transitional financing scenarios.
To read the full article, which also includes tips for providing value to commercial bridge loan borrowers and insight into their specific motivations, visit the Forbes Real Estate Council site.