Mortgage News
Get Into A Home Of Your Own

Even if you have limited savings, our low-down-payment programs can help you become a homeowner.


Refinance Mortgage Rates Are Low!

Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.


FASB Ruling Hits the Mark

- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.

The Truth About Mortgage
  • Obama Urges Americans to Refinance Mortgages
  • Mortgage Rates Rise Off Record Lows
  • Wells Fargo Mortgage Business Drives First Quarter Earnings Record
  • Bank of America Refinancing Under Making Home Affordable Program

2009 FHA Temporary Loan Limits -
Provided by the American Recovery and Reinvestment Act

On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009 - into law.


Obama's Refinancing Plan Could Repair an Ailing Market



IMPORTANT COMMERCIAL LOAN UPDATE!
- EFFECTIVE MARCH 1, 2009
.

On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
Dec. 31 (Bloomberg) -- U.S. mortgage rates dropped.

-- U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.

Treasury to Reduce Interest Rates on
Some New Loans to 4.5%




Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
Commercial real estate prices continued falling


Reverse Mortgages
Home Financing Information

Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.

Links

Please visit these links to become more aware of the current mortgage process:

www./ml-implode.com
www.thetruthaboutmortgage.com

Current Rates

March, 2009


Please note that commercial mortgage rates quoted here are for informational purposes only and change frequently. To speak directly with an investment advisor and to learn more about our financing services, please submit your secure loan request.

RATES FOR 8/20/2011

MULTI-FAMILY COMMERCIAL MORTGAGE RATES
Small Portfolio ($400,000 To $3mm)
Max LTV Fixed Term Loan Rate Max Amort.
  75% Purchase     75% Refinance   Cash-Out Refinance - 70% Floating 5.39% - 5.49% 30
5 Year 4.59% - 4.75% 30
7 Year 5.14% - 5.27% 30
10 Year 5.54% - 5.64% 30
30 Year 7.02% - 7.11% 30
Large Portfolio - Non-Recourse ($3mm To $20mm+)
Max LTV Fixed Term Loan Rate Max Amort.
  75% Purchase     75% Refinance   Cash-Out Refinance - 75% Floating 5.39% - 5.49% 30
5 Year 4.39% - 4.55% 30
7 Year 4.94% - 5.07% 30
10 Year 5.34% - 5.44% 30
30 Year 6.82% - 6.91% 30
Special Loan Products
Program Fixed Term Loan Rate Max Amort.
Rehab / Bridge (75% LTC) 1 Year 7.00% - 14.00% Interest Only
OFFICE / INDUSTRIAL / NNN / RETAIL / STORAGE LOANS
$500,000 To $1.5M
Max LTV Fixed Term Loan Rate Max Amort.
  75% Purchase   And Refinance 3 Year 5.25% - 6.00% 25
5 Year 5.50% - 6.50% 25
7 Year 5.75% - 6.75% 25
$1.5M To $10M+
Max LTV Fixed Term Loan Rate Max Amort.
  75% Purchase   75% Refinance 3 Year 5.25% - 6.00% 25
5 Year 5.50% - 6.50% 25
7 Year 5.75% - 6.75% 25
OWNER OCCUPIED / SBA / HOTEL / MOTEL LOANS
Conventional And Government Programs
Max LTV Fixed Term Loan Rate Max Amort.
90% Purchase (SBA)   75% Refinance   Floating 4.00% - 6.50% 25
3 Year 4.45% - 6.50% 25
5 Year 5.39% - 6.50% 25
COMMERCIAL MORTGAGE MARKET RATES
Index Current Rate Last Month Last Year
Prime 3.25% 3.25% 3.25%
Libor (6 Month) .40% .43% .76%
5 Year Treasury 1.62% 1.86% 1.97%
10 Year Treasury 3.04% 3.16% 3.18%

Next: Learn about Steelhead's Investment Strategies »


Steelhead Capital offers broker direct solutions for commercial real estate financing. While the current market has been challenging for many investors over the past couple years, we are able to help with an increasingly broad spectrum of property types in recent months. Property types that are currently showing the most activity include NNN retail, office, multifamily and more. We look forward to the possibility of assisting you in your commercial loan needs.

commercial loan request


Abacus Commercial Lending provides hard money loans.  Very fast closing with private bank funding.  The Florida Lender for difficult deals.  We are an asset based lender - we use common sense on the underwriting of our commercial loans - if the asset makes sense, we will more than likely do the deal.