Commercial Mortgage Lenders: Los Angeles Commercial Mortgage Broker hires new staff
Attention commercial mortgage lenders. Commercial mortgage broker Financial Compound, based in Santa Monica, CA, welcomes John Lopez to its staff. John started in the mortgage brokerage business in 1996 after graduating from Yale University and UC Hastings College of Law. In 2004 he transitioned to the development side of the business. He is now back to his roots and has the analytical toolkit and industry experience to service clients from middle market to institutional. Be on the lookout for J-lo.
Commercial Mortgage Broker Financial Compound observes commercial mortgage lenders becoming more active in 2010. Now is a great time to borrow long-term fixed rate money. Interest rate from commercial mortgage lenders are at an historical low, with rates of 4.45% fixed for ten years, and rates of 3.5% fixed for 5 years. Qualifications for these cutting edge rates are fairly strict, but even for lower tier properties and borrowers is less than stellar credit, this commercial mortgage broker is closing loans in the 5% to 7.75% fixed interest rate range, for loan terms ranging from 5 to 10 years. Floating rate loans are also very inexpensive in 2010 with floating rates as low as 1.75% over libor, which equates to an interest rate around 2%.