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All Forum Posts by: Kenneth Mendonca

Kenneth Mendonca has started 1 posts and replied 12 times.

Buying & Selling Real Estate

Post: 30 Year Financing on a Commercial Loan?

Kenneth MendoncaPosted
  • Lender
  • Los Angeles, CA
  • Posts 13
  • Votes 7

@Ben Smith FHA offers 35 year fixed with a 35 year amortization. One of the best products out there if you can handle the 6-9 months it will take to close a deal! As of today rates are as low as 2.78% according to LoanCenter platform!

DM me if you're interested to learn more about FHA! Happy to chat about this all day!

0 Votes
Mortgage Brokers & Lenders

Post: Commercial mortgage brokers

Kenneth MendoncaPosted
  • Lender
  • Los Angeles, CA
  • Posts 13
  • Votes 7

@Jeffrey Kovnick as others have mentioned 1% is more or less the standard origination fee that most mortgage brokers will charge upfront. Keep in mind these brokers have other deals on their plate and rarely get back to you in a timely fashion unfortunately.

A lot of these small balance loans deals are fairly simple and can more or less be streamlined!

0 Votes