Niche lenders with specialized product offerings will emerge via the broker channel.
As the participation of new lending institutions in the mortgage broker channel continues to evolve,
niche lenders with specialized products will emerge via the broker channel.
Not exact matches
Springtree Group has long - standing relationships
with numerous
niche lenders, as well as traditional banks and private equity firms that specialize in these kinds of transactions, and can structure a financial arrangement that works for both the buyer and the seller.
We are always working to bring you new marketing ideas or new
lenders with niche competitive programs to offer your clients.
However, if you bypass a large bank and work
with a
niche lender you won't be subject to these same issues.
In addition, they can find the
lenders who specialize in various market
niches that many other
lenders avoid, such as loans to applicants
with poor credit ratings, loans to borrowers who do not intend to occupy the property, loans
with minimal or no down payment, and so on.
This suggests the bank has found some
niches with good returns somewhere in between the territories staked out by other types of
lenders, and the story of its origin suggests that it has been able to do this because it has learned some lessons from walking a few miles in their shoes.
[Joseph J. Kelly and Michael McCully, pioneers in reverse mortgage securitization in the U.S., soon to be published article for my «HECM at 20» Series] ► A major, detailed AARP - sponsored 208 - page national report on reverse mortgages in 2007 said that nine out of 10 senior homeowners were «satisfied
with their experience
with their reverse mortgage
lenders,» («Reverse Mortgages:
Niche Product or Mainstream Solution?»
Yes there are
lenders that offer 2nd loans to people
with scores between 580 and 699, but you will need a company like ours that offers a free service to locate appropriate lending companies that have specific
niches.
Attorneys Justin Leto and Larry Bassuk launched Level Insurance last month and it's too early to say whether the product is a success but they hope to carve out a
niche in competition
with existing
lenders who finance plaintiff lawyers
with high - interest loans, often secured by personal property.
Fannie Mae pumped nearly $ 30 billion into the multifamily housing sector last year by cooperating
with lenders to finance 507,000 units of housing within the
niche.
Given the range of
niches and emphasis on customer service of local
lenders, practitioners should include them in the mix of
lenders they work
with regularly, says Rubin.
Retail properties are one
niche of commercial financing where we, as private
lenders, go head to head
with the banks.
At iGlobal's Financing & Investing in Single Family Rentals Summit, you'll find out what's next for the single family rental sector, and hear about the most promising new
niches and markets while meeting and networking
with senior - level real estate investors, owners & operators, property managers, developers,
lenders, and private equity players in this space.
Industrial properties are one
niche of commercial financing where we, as private
lenders, go head to head
with the banks.
It cooperated
with lenders to finance 507,000 units of housing within the
niche.