Do you know your loan broker?

There was an interesting article in the Wall Street Journal (www.wsj.com ) regarding mortgage brokers / Loan arrangers.  In this article the author discussed a drastic rise in the fees that borrowers were being taken for without actually getting a loan.  Within the lending industry this is a huge problem where a handful or lenders, brokers, loan arrangers, etc… promise the moon to folks and take their money without producing results.

Fortunately Fairview is different.  Fairview is a direct hard money lender that funds its own loans, underwrites its own loans, and services the closed loan.  There are no upfront fees for Fairview to evaluate a loan and let the borrower/broker know whether the transaction will fit into our hard money lending guidelines.

As a borrower, how do you protect yourself?  First Google the broker/loan arranger/lender to see what comes up (i.e. lawsuits, negative postings, etc…).  Second, call the lender directly to ask about their programs.  Finally, if a transaction smells to good (borrower has a 500 credit and is promised a 3% interest rate) then it likely is too good to be true.

Fairview Commercial Lending is a direct hard money / private money lender.  We have offices in Georgia (www.georgiahardmoney.com) as well as in Colorado (www.cohardmoney.com).  We never charge any upfront fees and guarantee an honest answer quickly.  Fairview also services loans for both our own portfolio and others (www.fairviewservicing.com) and can be reached at 404.634.1270 or http://www.fairviewlending.com/contact.htm

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Fairview Commercial Lending is pleases to announce the creation of a stand-alone commercial servicing organization (www.fairviewservicing.com) .

Commercial Loan Servicing

Fairview (www.fairviewlending.com) has established a stand-alone commercial loan servicing entity.  Fairview Loan Servicing (www.fairviewservicing.com) specializes in servicing non-performing, delinquent and/or distressed commercial real estate loans.  Fairview currently services commercial loans throughout the country both for its own portfolio as well as the portfolios of life insurance companies, financial institutions, hard money lenders and other organizations.

Fairview Commercial Loan servicing has the hands on experience that is unrivaled in today’s tumultuous market.   Fairview is different from other commercial loan servicing organizations.  They not only service loans, but also own and manage properties throughout the country.  They are a one stop shop for your commercial real estate servicing needs. Call Fairview Commercial Loan Servicing to see how they can help service your complex commercial portfolios. 

Why choose Fairview for your commercial loan servicing needs?

n  Much more nimble than large servicing organization.  For example, we have the ability to control the cash flow on income properties before most banks would even begin default proceedings.

n    More cost effective to outsource than trying to internally build infrastructure to handle defaulted commercial loans

n   Proven hands on servicing experience that is unrivaled in the current lending environment

n  Have the capability to not only service loans, but also stabilize properties before selling them

n   National footprint with established contacts that are effective in handling defaults (attorneys, realtors, contractors, etc…)

n   Well established trained servicing organization already in place and ready to hit the ground running on files

Typical Clients:

• Hedge funds that recently acquired a loan pool and need someone to hit the ground running or the hedge fund has seen a spike in their defaults and need assistance handling the increased volume
• Private Investors/Hard Money lenders that need assistance working through issues within their portfolio
• Small banks that have a small number of commercial defaults and find that it is more cost effective and efficient to outsource the servicing of these loans as opposed to hiring employees with the necessary experience

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