Interest Rates Expected to Rise

The Federal Reserve is expected to start raising interest rates as the labor market tightens.  According to reports, these rate hikes could start as early as September.  Please see the following article from yesterday’s New York Times:

The professionals at Select Commercial are commercial mortgage consultants focused on providing the best financing solutions for each deal and every client. We manage every detail of the loan process from start to finish and are proud of the reputation we've established with our clients. We act as your professional commercial mortgage loan advisor to help find the optimal financing solutions for you by offering personalized service and custom tailored loan programs to suit your individual needs. From small loans to large loans, we deliver the results that have earned the trust and confidence of borrowers and lenders nationwide.

We are a nationwide commercial mortgage broker specializing in all types of commercial mortgage loans, apartment loans, multifamily loans, and credit tenant lease loans.

Some of our loan programs are as follows:

Apartment building loans – We are actively lending from $1,000,000 and up on all types of apartment buildings, mobile home parks, student housing and underlying coop loans.

Owner occupied real estate – Business owners who own their property or are looking to acquire a business property are finding great rates at Select Commercial with LTV ratios up to 90% (and maybe even higher!)

Commercial mortgage / Commercial real estate loans – Multitenant and investor properties, including office, retail, warehouse, industrial and self-storage.

Special use properties – We are not afraid of motels, gas stations, restaurants, car washes, and other single tenant or special use properties that many other lenders shy away from.

Bridge loans – We have many programs geared towards owners of properties where the property is not currently stabilized due to vacancies or those in need of tenant improvements.

Credit lease transactions – Single tenant buildings where the tenant is a national credit rated tenant, such as Walgreens and CVS drugstores.

Credit/income problems – We do not automatically reject applicants due to credit or income which is less than perfect. If the deal otherwise make sense, we will look past temporary setbacks.

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