Tribe clashes with borrowers over loophole they say allows interest rates over 650 percent – The case involves loans at interest rates approaching 650 percent from an online lender. The judge’s finding that the loan business is not covered by any tribal immunity was based on small amount.
Getting 100% Commercial Real Estate Financing. – sba7a.loans – While most forms of SBA 7(a) loans require at least 5-10% down, some lenders are now offering 100% commercial property financing with SBA 7(a) loans. That means that, if they qualify, a borrower doesn’t have to put anything down to acquire a commercial property with a 7(a) loan.
85% To 100% LTV Commercial Loan / Business Loan – 85% To 100% LTV Commercial Loan / Business Loan Commercial and Business financing program from 85% to 100% LTV for acquisition and construction projects from $500,000 to $400 Million worldwide. Funding available for any commercial property type from Apartment buildings and condo conversions to office, warehouse, hotels, resorts, and gas stations.
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Defaulted $25M CMBS Loan on Chinatown Mixed-Use Property Up for Sale – The 10-year, interest-only CMBS loan was originated by Ladder Capital in April 2017. At the time of origination the building was 100 percent occupied, but occupancy has since dipped to only 41.
TD Bank Debuts Mortgage for Medical Professionals – The new product is available in fixed and adjustable rate options and does not require private mortgage insurance. Applicants may secure 100 percent financing and eligible borrowers can either take.