Press Release Summary = Office loan refinanced for $2.7 million with a ten year fixed rate. As treasury rates remain low, a borrower can still lock in a low fixed rate on a commercial real estate loan.
Press Release Body = Office building loan refinanced with a $2.7 million commercial mortgage loan. The Glass Office Building which is located in Charlottesville, Virginia was funded on January 26, 2006 as a ten year fixed real estate loan.
Matrix Mortgage International provides apartment loans, senior housing loans, shopping centers loans, office buildings loans, industrial and hotel loans. Self-storage and mobile home parks loans are also included in our underwriting. Real estate investments and owner occupied properties are both acceptable finance categories.
Two, Five, Seven and Ten Year fixed rates are available with 25 and 30 year amortizations. The two-year rates are by far the most reasonable due to the heavy trading in the treasuries. Many predictions show the Treasury Rates staying flat for the next two years.
Loan submission tips:
1 - Provide current rent roll if applicable. This document should include:
- Full Address of the Property - Unit Number - Tenant Name - Current Rent - Square Feet - Market Rent - Original Occupancy Date - Lease Expiration Date
2 - Provide last year's Net Operating Income Statement and the current year YTD 3 - Pictures of the property are required by most underwriters 4 - Provide borrowers FICO (Fair, Isaac and Company) score 5 - Make sure the appraiser is acceptable to the lender before placing the order
Go to the Matrix website - www.commercial-real-estate-loan.net to submit a loan request or call one of our loan originators at 800-588-9021. Brokers are protected.
Closing schedules for conventional real estate loans range from six to eight weeks. Most permanent and refinance loan programs are provided to the originator at par. Matrix Mortgage International may retain the servicing of any given mortgage that has been sold or pre-sold to another institutional investor, per single transaction or in portfolio aggregates.
Web Site = http://www.commercial-real-estate-loan.net
Contact Details = J. Davis||2217 Ivan Street||Dallas , 75201||$$country||||800-588-9021||info@commercial-real-estate-loan.net||http://www.commercial-real-estate-loan.net