Presently, interest rates are very low so now may be the time to consider doing a mortgage refinance. With rates at historic lows the monthly savings for refinancing your home loan can be great. But, borrowers should not refinance for the sake of refinancing. There are several good reasons to refinance your present property. When …
This is an overview of our Commercial Hard Money Loan program offered at Spartan Commercial Mortgage Services. Commercial Hard money loans are a type of asset-based financing through which a borrower receives funds secured by a commercial property. This is generally at a higher interest rate than conventional loans. These loans are typically interest-only products …
Real Estate Investor News This is a real estate investor news update to keep everyone informed during the pandemic. Commercial Mortgage Lending has slowed down and with some loan types has halted altogether. Fix and Flip as well as Fix and Hold loans are back as of June, 2020. But, they look a bit different …
Investment Real Estate Loans Made Easy! Spartan Commercial Mortgage is your resource for Investment Real Estate Loans. We offer financing throughout Connecticut, New England, New York, and the East Coast. We offer two great programs that assist investors with getting their loans closed. Residential Property Investment Loans: Non owner occupied investment properties have to be …
Spartan Commercial Mortgage Services offers Apartment Building Financing. Our Apartment Building Financing program provides loans from $1 million up to $7.5 million with both fixed- and hybrid- rate options. Borrowers can purchase, refinance, debt consolidate, or simply do a cash out refinance with this program. This will all be done as a Freddie Mac Commercial …
Full Doc Loans: Commercial Mortgage Rates June 2020 are a bit sporadic. Whereas prior to the pandemic rates were in the high 4s on an 80% ltv 30 year fixed loan, now it is a different story. Presently, commercial lenders are preferring to stay 70% LTV and under and these rates are in the 6s. …
This is an overview of what is going on with Commercial Mortgage Lending during Covid-19. The Podcast, between Spartan Commercial Mortgage and CTREIA, covers a variety of commercial mortgage topics. The first thing that is covered is the present status of lending. Topics like Stated Income, Conventional Commercial, Fix and Flip, as well as Hard …
What is going on with Commercial Mortgage Lending During Covid-19 Read More »
Hello everyone, Spartan Commercial Mortgage has an update on Connecticut Youth Rugby Programs. The original article is at the bottom of this page. First of all, we want to make sure that all the youth rugby players are staying safe during this time. With this in mind, Spartan Rugby has come up with several …
When will commercial mortgages come back? As of right now the answer is June first for Fix and Flip Loans and July 1st for most other commercial mortgage types. At Spartan Commercial Mortgage Services, we specialize in Stated Income Commercial Mortgage Loans, Fix and Flip Loans, and Conventional Commercial Mortgages. We cover most of the …
Getting a Commercial Building Loan can be easily done as long as you are prepared. Spartan Commercial Mortgage Services offers Commercial Mortgages throughout most of the United States. We specialize in helping borrowers finance Commercial Buildings. Our programs are great for either a purchase or refinance. Borrowers can finance up to 80% of their commercial …
