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Updated over 7 years ago on . Most recent reply

User Stats

21
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7
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Matthew Rosenthal
  • Walnut Creek, CA
7
Votes |
21
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How to find commercial MFA mortgage brokers - cross state lines?

Matthew Rosenthal
  • Walnut Creek, CA
Posted

Hi All,

I'm in contract on a building and looking to find a broker - please do not contact me directly or post contact information here.  I'm just wondering how can i search and find brokers that can help me in my semi-unique criteria.

criteria - I am out of state from the property and it is a MFA.  property is located in chicagoland and I am in northern california.

What kind of mortgage brokers support this?

Thanks

Most Popular Reply

User Stats

42
Posts
26
Votes
Tom Keating
  • Lender
  • Chicago, IL
26
Votes |
42
Posts
Tom Keating
  • Lender
  • Chicago, IL
Replied

@Matthew Rosenthal I am a little biased seeing that I am a multifamily mortgage broker at CBRE in Chicago, but I would suggest looking for someone at one of the top shops who specializes in multifamily and works for one of the Freddie Mac SBL licensed preferred lenders. That will save you some money on broker fees if you end up going with a Freddie SBL loan. You can find the list of Freddie SBL preferred lenders on their website. If your property fits in the guidelines for the SBL program I would highly suggest looking into it or talking with whom you decide to work with about the program.  It a very compelling program in terms of benefits.  PM me if you would like to discuss any further.

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