Sentences with phrase «originating loans on properties»
However, several states, including Virginia and Texas, prohibit practitioners from receiving «dual compensation» in the same transaction, which means you can't originate a loan on a property for which you represent the buyer or the seller.
http://realtormag.realtor.org/ Not exact matches
The whole idea of banks originating loans and selling them to outsiders was a guaranteed failure from the very beginning because... let's contrast that with how one makes money by speculating on property.
With AAG Advantage, California brokers and loan officers may originate reverse mortgages through AAG on properties valued at up to $ 6 million, versus the FHA loan limit of $ 679,650 (updated January 1, 2018) associated with a traditional Home Equity Conversion Mortgage (HECM) loan.
NHRP - eligible loans include subprime, Pay - Option ARM and prime - quality two - year hybrid ARM loans originated by Countrywide on or prior to January 1, 2009, if the amount of principal owed exceeds the current property value by at least 20 percent and the loan is 60 days or more past due.
Among other requirements, the loan must have been originated on or before May 31, 2009, and the homeowner can't have more than 20 percent equity in the property.
Originate loans on multiple properties (even if the buyer already owns properties with existing mortgages).
Starwood Property Trust originated a $ 126 million first mortgage and mezzanine loan on behalf of Blackstone Real Estate Partners VII for 100 Montgomery, a 20 - story, 420,000 - sq.
NEW YORK — New York - based Square Mile Capital Management LLC has originated a $ 68 million mezzanine loan on a 31 - property, 4.5 - million - sq.
Focused exclusively on arranging debt and equity financing for commercial real estate properties, today George Elkins Mortgage Banking originates in excess of $ 725 million of loans annually and provides loan servicing functions for our correspondent lenders for a loan portfolio valued at nearly $ 1 billion.
The Investcorp / TriLyn team will actively target income - producing commercial and multi-family residential properties in major markets throughout the United States, with a focus on acquiring or originating senior mortgage loans, subordinated debt (B notes), mezzanine debt, and bridge loans secured directly or indirectly by commercial real estate.
Mr. Ruffin's role at Davenport Capital Markets focused on originating permanent, bridge and mezzanine Commercial loans for various property types.
With AAG Advantage, California brokers and loan officers may originate reverse mortgages through AAG on properties valued at up to $ 6 million, versus the FHA loan limit of $ 679,650 (updated January 1, 2018) associated with a traditional Home Equity Conversion Mortgage (HECM) loan.
That buyer, who could not be named due to a strict conference policy on attribution, said those CMBS loans had been originated with high loan - to - value ratios and that the properties» projected revenue streams relied on continued oil sector growth.
Others can recall applying for financing on a multifamily property at a company only to discover the company is a broker and only originates the loan and doesn't approve any part of the transaction.
Fannie Mae and Freddie Mac programs also continue to originate a high volume of loans, taking full advantage of the freedom given to them by the federal conservator to lend without limits on affordable housing properties.