Mortgage Lenders Tightening Lending Standards & Loan Programs
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Published: Wednesday, January 30, 2008
Traditional lenders have tightened lending standards on commercial real estate loans over the past three months. As in the January survey, 35 percent of domestic respondents noted that they had experienced weaker demand for such loans over the same period.
The recent lowering of interest rates has brought on much speculation about the timing of refinancing commercial and apartment loans. Although rates are better, because of problems to the credit markets guidelines are so restrictive that qualifying for any of these loans is miserable. It is much easier to get a hard money loan when trying to fund a commercial loan under these current market conditions.
Greatland Financial offers borrowers hard money loan programs that can get you the funding approval you need to make your real estate investment in this unstable Real Estate market. When traditional lenders cannot put your loan through, we may be able to help! Contact us for more information and to get pre-approved today.
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