market mess: Asset-Based Loans ... - 03/20/09 05:36 AM
                                                                                                                                                              
    Unfortunately, even after portions of the new stimulus dollars have been dispursed, many banks are still not lending to small businesses.  The infusion of the Fed's capital has not loosened the lending as we'd like.
    We are now facing the reality of 5 & 7 year balloon clauses written on commercial loans in '02 through '04  having, or soon coming due, as well.  Value on many properties has dropped, and the bank's are not willing to always renew those notes.  If this is what you or your borrowers/owners are facing, what do you do?  What options exist for them or you?  The answer … (0 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280



Listings

Links

Archives

RSS 2.0 Feed for this blog