Released on = December 23, 2005, 11:36 am

Press Release Author = Jayne Davis

Industry = Financial

Press Release Summary = Matrix Mortgage International (MMI) has provided a four
million
industrial loan for a California warehouse.

Press Release Body = MMI provides commercial mortgage acquisition, refinance and
takeout
loans ranging from $200,000 to $250,000,000. Loan to Value is maximized
at 80% for loans under $1 million and 90% for loans over $1 million.

Go to the Matrix website www.commercial-real-estate-loan.net to
submit your loan request or contact Jim Davis 800-588-9021.

Apartment loans, senior housing loans, shopping centers loans and office buildings
loans, industrial
and hospitality are the primary property types. Self storage and mobile home parks
loans and condo
conversions are also included in our underwriting.

Loan submission tips:

1 - Provide current rent roll if applicable
2 - Provide last years Net Operating Income Statement and the current year YTD
3 - Pictures of the property are required by most underwriters

Closing schedules for conventional loans range from six to eight weeks most
permanent and refinance loan
programs are provided to the originator at par.

Another mortgage program is the HUD MAP program the geographic preference: United
States and its territories.
This construction- permanent is two loans in one. The Property Types include a
Multi-Family Loan, Apartment Loan,
Senior Apartment Loans, and Assisted Living Loans. The loan sizes range from: $6
million minimum - $ 100 million
maximum. The loan term is 40 years fully amortized The Loan to Cost is up to 90% of
loan to value.
Fannie Mae construction-permanent loan interest rates are fixed for the 40 years and
are - currently in 6.5% range.
Mortgage insurance adds 0.5%. Features are assumption with approval, non-recourse,
no rent restrictions,
no limitation on owner\'s return. Requirements are Market Study and Appraisal to
support the project occupancy
and rents. Fees - Borrower pays all application, inspection, underwriting, and third
party costs.
This government guaranteed program normally requires about 6 months for
construction-permanent approval by HUD
and the acquisition refinance usually requires 3-4 months for approval.



Web Site = http://www.commercial-real-estate-loan.net

Contact Details = J. Davis
info@commercial-real-estate-loan.net
800-588-9021
253-276-0148 fax
2217 Ivan Street
Dallas, TX 75201