Silver Hill Funding is now accepting applications for small-balance commercial real estate loans up to $1 million
Coral Gables, FL (PRWEB) November 02, 2015
Silver Hill Funding, a direct small-balance commercial mortgage lender and division of Bayview Loan Servicing, LLC, is launching a lending program to address the underserved small-balance commercial mortgage market. The lender will offer financing solutions for commercial real estate, with loan sizes from $250,000 to $1 million.
“We are excited to offer a financing solution for the small-commercial properties that represent new opportunities for investors, business owners, and their communities,” said Leslie Smith, Senior Vice President for Silver Hill Funding.
Smith says the small-balance commercial lending space is fragmented and underserved, and Silver Hill Funding sees the potential to fill a void in the market at a time when it’s smart for brokers to diversify their business. Silver Hill’s team first introduced the niche of small-balance commercial lending in 2004, closing and funding over 35,000 transactions through 2009.
“We’ve spoken to many who remember doing business with Silver Hill in the past, with positive results. We’re bringing back that progressive spirit and the opportunity to transact with an experienced lender that knows the market and is focused in the niche. Our team has a strong history of funded transactions, and the expertise to recognize viable projects.”
Eligible property types include multifamily, office, mixed-use, self-storage, light industrial, retail and warehouse properties.
Program highlights include financing for owner-occupied and investment properties; terms of 5, 7, and 10 years; amortizations up to 25 years; loan-to-value ratios of up to 75 percent; flexible prepayment options; and unlimited cash-outs. Silver Hill Funding utilizes a common-sense, global underwriting approach for both investor and owner-occupied transactions.
“We want to hear from mortgage brokers who have not been able to find a place to finance their customers’ small-commercial deals,” said Michael Boggiano, Senior Vice President – National Sales Manager for Silver Hill Funding. “Our solutions are a good match for creditworthy borrowers who have a story, but may not be able to find what they need through their bank or other sources.”
Initially accepting loan applications in Florida, Silver Hill Funding will offer its program nationwide in the first quarter of 2016. For more information, call 888-988-8843, or email info(at)silverhillfunding(dot)com.
About Silver Hill Funding
Silver Hill Funding is a national small-balance commercial mortgage lender offering financing from $250,000 to $1,000,000, on commercial real estate including multifamily, mixed-use, office, retail, light industrial, self-storage and warehouse property types. Together with its partners, Silver Hill Funding helps small business owners and investors finance the opportunities that drive the financial strength and quality of life in their communities. Silver Hill Funding is a division of Bayview Loan Servicing, LLC, a top-rated residential and commercial mortgage loan servicer and lender. Bayview Loan Servicing is a subsidiary of Bayview Asset Management, LLC, a full-service mortgage investment firm with expertise in building and managing mortgage loan portfolios for over 20 years. Visit http://www.silverhillfunding.com or call 888-988-8843 for licensing and more information. Equal Housing Lender
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