“Non-bank lenders remain a good source of capital at this point. The approval rates of institutional investors increased from 27.1% in June to 27.3% last month, while alternative lenders improved from 29.1% in June to 29.3% in July. The figures for these lenders have increased for nine consecutive months as borrowers have turned to them for money while bank lending remains tight. Alternative lenders are seeing more capital moved in their direction as investors, such as insurance companies, look for opportunities for better yields against the backdrop of a new rate environment. Thus, these alternative providers have capital available to fund investor real estate for financing.”
EXAMPLES OF SOME PROGRAMS WE HAVE ACCESS TO:
Rental Portfolio Loans up to $50,000,000
These programs are in addition to our Upstate Bank offerings and agency offerings. In most programs, they are non-recourse, and no tax returns are required.
If you have an upcoming project or need cash out of your existing holdings, please call or text me at 585-738-5658 or fill out the contact form below, and I will follow up to schedule a discussion at your convenience.
Lyndon Matteson, Executive Vice President
Chief Strategy Officer
CONTACT US FOR LENDING INFORMATION
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