Thursday, November 8, 2007

Two other hot programs

I came across two new lenders today, each with a very interesting program.

One lender has a strong program for hotels and motels. This lender is getting hospitality owners into long-term amortizations and fixed rate programs, which they're finding useful. I don't know too many hospitality owners, but I'd like to try this out and see if it's as good as advertised.

Another lender has conforming rates for multi-family housing. These are loans that are usually at or over prime, so anything that starts with a "6" is pretty attention-getting.

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