Has anyone noticed the tightening guidelines on commercial lending? The commercial lending world seems to be following suit with the residential lending world...very strict guildelines.
For example...Interbay funding used to do loan witha 580 fico, stated income...12% rate.
Now you need a 680 to go to Interbay and you still get a 12% rate! Does this make sense?
Where are people finding commercial deals for borrowers lower credit scores????
Hi! I am a senior loan officer with Seacoast Mortgage Corporation. I specialize in both residential and commercial lending; offering the BEST rates to help you meet all you financing needs!
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