Silver Hill Funding, LLC (Silver Hill), a national small-balance commercial mortgage lender, today announced the addition of Joe Altomonte as Assistant Vice President of Business Development.
Experienced commercial mortgage originators know that the best loan solution for a borrower isn’t the one with the lowest interest rate – it’s the one that meets the greatest number of needs.
Still, rate plays an important role in every commercial loan transaction. Your ability to secure the most affordable solution for your clients is one of the main indicators of your strengths as an originator.
In this popular webinar our commercial mortgage experts show you the property and borrower characteristics that reveal the ideal match for your investor and owner-occupied scenarios.
An investor in Colorado wanted to purchase an office property that was set to experience a sizable vacancy in 12 months. While many traditional lenders would issue a denial for this reason, Silver Hill was able to provide funding for a 5-year loan with a 30-year amortization.
An investor in Iowa wanted to tap into their mobile home park’s equity through a cash-out refinance. While many traditional lenders set tight restrictions on cash-out amount, this borrower was able to secure a cash-out of nearly $1 million thanks to Silver Hill’s Lite Doc Investor Program.
A borrower in California wanted to refinance their automotive property but failed to qualify for an SBA loan. While they considered working with their local bank, they ultimately found that Silver Hill was able to meet a greater number of their needs.
A borrower looking to purchase a multifamily property in Ohio was having difficulty working with traditional lenders because of their syndicated investor relationship and general lack of experience. Silver Hill helped the borrower by providing a 3-year, interest-only loan that met their needs.
A property which had been encumbered by a forbearance agreement since 2010 was in need of immediate repairs related to items of deferred maintenance, in order to qualify for permanent financing. Silver Hill Funding was able to overcome the Sponsor’s past credit challenges related to other assets, and structure this Non-Recourse, 2 year Bridge Loan with adequate proceeds to address all CapEx and future leasing needs.
Our goal throughout the year is to share insight and tips to help you optimize your marketing strategies and close more small-balance commercial mortgage deals.
So if you weren’t able to check this space regularly in 2018, now is the time to catch up!
In this popular webinar our commercial mortgage experts show you the property and borrower characteristics that reveal the ideal match for your investor and owner-occupied scenarios.
