Real Property - Mortgages

Real Property

Real property tends to be the cornerstone of networth for most individuals. Significant funds are tied up in real property in homes, business property, developments and buildings. We can help with real property financing for a wide variety of property types from Aquisition to Refinance, Development and even Investment.

Residential Financing

In today's low interest rate environment financing and refinancing is particularly attractive. Many clients can benefit from lower terms, rates or payments and we can help you analyze these options. Our access to the wholesale mortgage market place gives you a significant advantage. One stop shopping gives you access some of the lowest deliverable rates in the wholesale lending market with over 40 institutional lenders, a single point of contact loan process  and  professional analysis of your particular needs and the products that meet them.

Reverse Mortgages

Available for purchase or refinance transactions these programs can meet specific needs of borrowers or those who have the majority of their net worth locked up in real property. This type of mortgage is one where a homeowner can borrow money against the value of his or her home and retain both ownership and the right to live in the home payment free. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold, also know as a "Home Equity Conversion Mortgage (HECM)" this special type of home loan is for older homeowners. The transactions are structured so that the loan amount will not exceed the value of the home over the life of the loan

Why are we different? Our Mortgage team has the ability to get your loan(s) financing package processed and more importantly priced  through the wholesale channel of the  mortgage business: as everyone knows, you should not pay retail when you can pay wholesale.

Who do we place loans with? We place loans with any of approximately 40 lending institutions, these institutions can be local, regional or nationwide lenders, insurance companies, portfolio lending institutions, major national mortgage banks and even the wholesale divisions of many of the banks you know. Most importantly these are strong institutions who have a track record of financing loans, can perform and have the financials to prove it.  

How do we decide which institution your loan should be placed with?  This is a bit difficult to answer because each individual borrower’s financial condition, requirements, needs and goals are unique and because of this certain institutions may be a better fit than others; additionally the risk tolerance of each individual client  must be considered.

How much does it cost? You will find that we tend to be less costly than other mortgage lenders because in the majority of cases we are compensated through the wholesale channel. What this means to you is: when refinancing typically you will come to the closing table with zero funds, just a pen. Purchases will be equivalent to your average market closing cost.

Developers, Commercial & Mixed Use Financing

We have an extensive set of resources we bring to bear for the financing of Buildings, Co-ops, Mixed use properties and Development Opportunities.

Stated income lending is still available for small balance mixed use, and small commercial residences.

Larger properties need to meet standard Debt Service Coverage Ratios. Our access to this wholesale market is especially attractive for those looking for a commercial loan. We have a database of over 110 commercial wholesale lending institutions and can meet almost any qualified borrowing entities requirements for financing. Mezzanine, Hard, Raw Land and other Specialized programs for large development projects are available on a case by case basis depending upon market conditions and project considerations. Please note this is a highly fluid marketplace and all projects must be accessed individually.

*Mortgages availavle through licensed loan officers, mortgages placed with 3rd party providers. Residential financing wihth SFC LLC of  Greatneck NY 11021 Lic# 12147