Correspondent Corner

Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our bank correspondent lenders.

• Loan amounts range from $1,000,000 – $50,000,000 (case-by-case for larger)
• Nationwide lending platform – prefers top markets
• All property types considered – strong player for multifamily and single-tenant properties
• Floating rate loans from 2-10 years
• Fixed-rate loans up to 10-year term and 30-year amortizations
• Will rate lock up to 12 months in advance of funding
• Interest-only for low leverage deals
• Step down prepayment penalty
• Typically a non-recourse lender