These banks are issuing lines of credit to
local borrowers who can convince them of their ability to remain profitable and repay loans.
Most of his lending focuses
on local borrowers with whom the bank has a relationship, although he is working with a few national developers.
We offer a wide range of refinance options, designed to best meet the needs
of local borrowers.
Local borrowers like FHA programs because of the low down - payments needed for home buying and minimal equity requirement for mortgage refinancing.
According to Lynda Nelms of Nationwide, «This is the most common question we get
from local borrowers who currently have adjustable rate second mortgages.»
As a Denver, Colorado - based hard money lender, Montegra is able to underwrite bridge loans
for local borrowers in a timely manner.
In tertiary markets we typically
see local borrowers versus national borrowers electing to develop and own properties in smaller markets.
These doubts caused the State of New York to threaten to break up some or all of these insurers, separating the low risk municipal bond insurance portfolios from other commitments in order to protect market access for thousands of state and
local borrowers.