No Tax Returns or 4506T Required on Small-Balance Commercial Multifamily Mortgage Loans
Apr. 12, 2016 – CORAL GABLES, FL – Silver Hill FundingSM, a direct small-balance commercial mortgage lender, introduces their new Multifamily Streamline Program for small-balance commercial mortgage loans from $250,000 to $1,000,000. With no tax returns or 4506T required, this program appeals to a historically underserved group of creditworthy investors who may be unable to provide sufficient income verification.
“We are excited to offer a program that gives mortgage origination companies an opportunity to grow their businesses and close more multifamily deals,” said Michael Boggiano, senior vice president – national sales manager for Silver Hill Funding.
According to Boggiano, the Streamline Program is a smart solution for a wide range of deserving borrower types, such as those who cannot meet traditional documentation requirements or investors whose tax returns do not accurately reflect the success of their businesses. “These loans represent a significant income opportunity for mortgage brokers and other originators, thanks to the pent up demand for small-balance commercial and the streamlined process Silver Hill has brought to the program,” Boggiano said. “It is the right product at the right time for the mortgage origination industry.”
Financing is available for multifamily properties that have at least five units with terms of 5, 7, and 10 years. Loans can be amortized up to 25 years, feature unlimited cash-outs and have no seasoning requirements.
Loan originators looking to add new revenue streams or diversify their businesses with this exciting new program should visit SilverHillFunding.com and register to become an approved broker.
For more information, call 888-988-8843 or email info@silverhillfunding.com.
About Silver Hill FundingSM
Silver Hill FundingSM is a national small-balance commercial mortgage lender offering financing from $250,000 to $1,000,000, on commercial real estate including multifamily, mixed-use, office, retail, light industrial, self-storage and warehouse property types. Together with its partners, Silver Hill FundingSM helps small business owners and investors finance the opportunities that drive the financial strength and quality of life in their communities. Silver Hill FundingSM is a division of Bayview Loan Servicing, LLC, a top-rated residential and commercial mortgage loan servicer and lender. Bayview Loan Servicing is a subsidiary of Bayview Asset Management, LLC, a full-service mortgage investment firm with expertise in building and managing mortgage loan portfolios for over 20 years. Visit www.silverhillfunding.com or call 888-988-8843 for licensing and more information. Equal Housing Lender
Silver Hill Funding programs are offered to qualified commercial lending institutions and are not applicable to the general public and/or individual consumers. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Programs may be cancelled or modified at any time without any prior notice. Programs may not be available in all jurisdictions. Licensing information may be found at www.bayviewloanservicing.com