Correspondent Corner
August 16, 2018
Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our most competitive Life Insurance Company correspondent lenders in the market:
- Loan amounts range from $5,000,000 – $85,000,000
- Lends nationally in major markets through an exclusive correspondent network
- Offers variable rate loans, and can offer fixed rate terms up to 15 years
- 25-year amortizations are typical. 30-year amortizations and interest only available on a case-by-case basis
- Non-recourse lender
- Retail, office, industrial, and multi-family properties considered
- Strong sponsorship is required
- Rate locks available at application with deposit
- 65% loan-to-value (LTV). Will consider 70% on a case-by-case basis