PMG Commercial Lending Blog

  High-End Home Sales Get Boost From Low 'Jumbo' Rates - CNBC. This is great news for the Real Estate. It means people are starting to be able to afford an upgrade.  This will open up homes in the lower price range.  

Thursday's bond market has opened flat following weaker than expected results from today's minor economic news. The stock markets are extending yesterday's sell-off after tech-giant Cisco Systems reported disappointing earning results. The Dow is currently down 58 points while the Nasdaq has lost...

Wednesday's bond market has opened in positive territory, extending yesterday's late rally. The stock markets are posting sizable losses with the Dow down 184 points and the Nasdaq down 51 points. The bond market is currently up 10/32, which with yesterday's afternoon improvements should improve ...

Home Sales: Median Home Prices Rise in Most US Cities in 2nd Quarter  The most important part of this article is we really have not changed all that much:   But the boost to the housing market in the second quarter faded shortly after tax credits expired at the end of April. Home sales fell in J...

Real Estate - Record Low Mortgage Rates Do Little for US Demand - CNBC. This is amazing that low interest rate have not helped the market get moving again.  The lenders need to step up to the plate and start help more people restructure their mortgages.  This is getting insane.  Most lenders tak...

  We are situational lenders/Broker. Every deal is different. We are able to make exceptions on a lot of deals. It's difficult to say how we underwrite our deals. Basically you can try to look at the 5 C's on each deal. 1. Credit - How is the credit of the borrower(s)2. Cash Flow - What is the ca...

This makes since on so many different levels.  It amazing that this is not already an accepted practice.  Especially when the client paid the appraiser directly. Which is in most cases the way it is. Realtors Seek to Make All Appraisals Portableby Bob HuntReality TimesEffective January 1, 2010, ...

  Highlights of our Fannie Mae Small Loan Program     80 % LTV on purchase & rate term refinance 75 % LTV on cash out refinance 5 ,7, 10, 15, 18 & 30 year fixed terms w/ 30 yr amortization 1.25 DSCR Non recourse is available in most markers No replacement reserves  escrows required Commercial    

We STATED INCOME Commercial Loans.  Please see the items below to see if you deal fits.   $30,000 to $500,000 Loan amounts RESTAURANTS, BARS, PIZZA SHOPS, HAIR SALONS, HOTEL/MOTEL, MIXED USE, RETAIL, STRIP MALLS, OFFICE CONDOS, and MORE" 70LTV MAX Purchase or Refi Cash Flowing 600 Credit 9-12% r...