Home    Loan Center    Resources    Products    About Us    FAQ  

 

 

 

 

 

Today:                             
Friday, June 27, 2008

View: Commercial Rate Sheet

View: Stated Income Stated Asset

View: Multi-Family Rate Sheet

View: SBA 7a Loan Program

Please fill out this form below.

To become an APPROVED BROKER Click below http://firstselectloans.com/resources-forms.aspx

Link to WebDesigner

Jump to East Coast SALES OFFICE  click below: http://firstselectloans.com/officers-detail.aspx?LONum=25

View our commercial loan industry blogs at:

http://commercialreloans.blogspot.com/

 
1. FSC Program FACT Sheets. Answer
2. Career Opportunities: Answer
3. What are todays BEST Commercial Rates? Answer
4. Why do large regional lenders have such a hard time doing certain COMMERCIAL REAL ESTATE loans? Answer
5. What is this weeks "Market Rate Indexes"? Answer

Q : FSC Program FACT Sheets.
A : Timing of SBA Loan Purchasing Click Here

Advantages to Selling/ Uses of Program  Click Here

Summary Fact Sheet pg 1 :Premium Calculation Click Here

Premium Calculation Pg.2 Click Here

Prepayment Penalties Click Here

Eligibility Criteria for LTVs Click Here

Investor Loan Program Click Here

Loan Premiums Click Here

Loan Maturity and Amortization Period Click Here

 
Q : Career Opportunities:
A :

Sales Trainee Click Here!

Wholesale Account Executive Click Here!

Secondary Market Specialist  (filled)

Wholesale Loan Manager  (filled)

Loan Officer  (unfilled)

Internet Marketing Specialist (unfilled)

If you are interested in becoming a Direct Loan Officer  through FSC, please  Click Here for our Loan Officer Application.  
 
Q : What are todays BEST Commercial Rates?
A : COMMERCIAL RATES: ("Full-Doc" have better rates, but "Stated" Commercial have more flexiblility).
CRE Adjustable Rates: there are many to chose from (eg. 1yr. TCM (Treasury Constant Maturity) + spread; LIBOR-ARM + spread; COFI-ARM + spread; Prime Plus, etc.). 

CRE Fixed Rates:
(6.90% 30/5 for A paper, full doc) or "Stated Income/Asset" @8.50% w/ low LTVs).

(ONLINE APPLICATION DISCOUNT $150)
Rates subject to change without notice.
 
Q : Why do large regional lenders have such a hard time doing certain COMMERCIAL REAL ESTATE loans?
A : Short answer: "Specialization"; it is both an advantage & disadvantage to most lending institutions today. Although it allows banks to specialize in cookie-cutter lending practices, it also takes away underwriter discretion and "customized" structured management. Most regional banks are interested in concentrating on entire banking relationships (e.g. checking accounts, investments, insurance, etc.) as opposed to "one-off" transactions. "One-off" is defined as requests from borrowers only interested in one-transaction and not willing to transfer their entire banking relationship. Other reasons for declines: could be bad credit, inadequate cash-flow, ineligible property type, loan size, etc. All of which are good reasons to find your lending solutions with First Select.
 
Q : What is this weeks "Market Rate Indexes"?
A : Coming soon...

 
 


FIRST SELECT CAPITAL (Commercial Division)

Ph: 888-376-5373