Scotsman Guide Features Liberty SBF Article About Bridge-to-agency LendingJanuary 23, 2018
As seen in Scotsman Guide: Our CEO Alex Cohen penned this feature story on how a bridge-to-agency loan can make a broker look like a hero Spoiler alert: Quick closings and a flexible exit saves the day!
“Agency-based loans through the Federal Housing Administration (FHA), the U.S. Department of Agriculture’s Rural Housing Service (RHS), Fannie Mae and Freddie Mac have plenty of advantages, making them the preferred long-term financing option for many multifamily-property investors.
“That said, there are situations when an agency’s approval timeline impedes the timing of a transaction, forcing a borrower to consider less-attractive permanent financing in the form of a conventional bank loan or commercial mortgage-backed securities (CMBS) loan. When this happens, having a strong bridge lender on speed dial can make a commercial mortgage broker look like a hero to their client.”
Read the full article on Scotsman Guide here.