400Bankers.com, a commercial real estate broker/lender database, has announce that some of their commercial lenders are starting to offer up to 100% financing for commercial real estate acquisitions with debt and equity financing. Last month $17.4 Million in loans were funded up to 100% CLTV with debt financing and $38.7 Million were funded with debt and equity financing. The average interest rate was 7.289% on a 30 year mortgage. Due to high volume of loan applications and high closing ratio, borrowers have been quoted interest rate up to 0.75% below national average interest rate. Average closing costs have been decreased to $4,600 for commercial real estate loans of $1 Million or less. To learn more about 400Bankers.com go to http://www.400bankers.com
400Bankers.com, a commercial real estate broker/lender database, has recently announce that they made a deal with brokers and lenders in their network to cut closing costs by 40% and max fee allowed to charge on commercial loans is 0.50% of loan amount up to $3 Million. Last year brokers and lenders have generated over $5 Billion in closed deals through 400Bankers.com and this year it's estimated that over six thousand loan applications will be processed and closed by end of year. Due to a high volume of loan applications and high closing ratio there will be 0.50% to zero origination fees charged to borrowers. Average closing costs have been decreased to $4,600 for commercial real estate loans of $1 Million or less. Many borrowers have found out that 400Bankers.com offers very attractive programs and highest LTV options which gives many borrowers great buying power. Some borrowers have received up to 100% financing for commercial real estate and business acquisitions through 400Bankers.com network.
400Bankers.com is launching 100% LTV Commercial Loan Program for loans from $100,000 to $10 Million.
400Bankers.com has closed a $120,500,000 commercial property loan for resort development project in Las Vegas area, NV. Nestled on 450 acre property, it will be a place for people to feel as if they have been transported back to another time.
