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Robert T. Gibney & Associates NEWSLETTER 11/1/07 WHAT’S NEW
New Lenders – Expanded Financing Capabilities We have established correspondent relationships with several national lenders to increase the financing options available to our clients. These lenders were selected based on their reputation for reliability, underwriting flexibility, and competitive pricing. - 5 to 10-Year Fixed Rate Loans - Loans $500,000 to $15,000,000 - Efficient and coordinated process through loan application, underwriting, closing - Backed by international bank with assets of $1.5 trillion - Low Loan/Third Party Costs
Commercial Real Estate Underwriting Timeline I developed the commercial real estate underwriting timeline for use in commercial real estate classes. This timeline may be useful to you in a variety of ways: - Structure the escrow/closing critical dates for new purchase contracts - Coordinate the marketing and due diligence activities in order to prepare for potential new loan underwriting - Improve the due diligence process by identifying material information and important documents in the early stages of the property marketing phase - Manage the process and improve your effectiveness - Explaining the process of marketing and selling a property to your clients
LINK TO COMMERCIAL REAL ESTATE UNDERWRITING TIMELINE: http://www.azcommercial.biz/pdf/forms/Commercial_RE_Underwriting_Timeline.pdf
CURRENT INTEREST RATES…New Rate Reductions!! Refer to website for complete rate sheet and other market information: www.azcommercial.biz
MULTI-FAMILY
COMMERCIAL Non-Recourse with Carve-Outs*
*Lender may require full or limited personal recourse based on LTV or other factors FIXED-RATE CONDUIT LOANS
Robert T. Gibney & Associates 4300 N. Miller Road, Suite 212 Scottsdale, Arizona 85251 Phone (480) 429-3642 Mobile (602) 315-5671 Fax (480) 422-7377 Email rgibney@AzCommercial.Biz www.AzCommercial.Biz Mortgage Broker Lic. MB0904411 |