How Small Balance Commercial Mortgages Are A Big Deal For Mortgage Brokers
Mortgage brokers throughout the country are taking a second glance at small balance commercial mortgages, and for good reason. Sub-$5 million commercial loan originations reached a record amount in 2015, and the market persists to expand as more brokers found the massive impact these small loans can have on their business. Several different kinds of mortgage originators are finding success in the small-balance sphere, from domestic brokers looking to expand their new business with a new offering to seasoned commercial pros who simply wish to capture a larger part of the marketplace and eventually close more deals. What all have in common is a want to develop their business & meet the requirements of a previously underserved group of borrowers. Listed here are a few reasons why now is the time start thinking small balance. There’s demand in the market: Stated income and asset loans are available for small balance commercial loans including for multi family that mi