Investment Property Loans
Reading Time: 3 minutesInvestment property loans are used for the purchase of non-primary residences with the intent of earning a return on the investment.
Hotel and Motel Loans
Reading Time: 2 minutesA hotel or motel loan is a type of commercial mortgage that liens a specific classification of hospitality property.
Golf Course Loans
Reading Time: 2 minutesA commercial golf course loan is a mortgage that finances a golf course. Golf courses are categorized as a type of entertainment/recreational property under the commercial umbrella.
Gas Station Loans
Reading Time: 2 minutesGas stations are a type of retail property that resides under the larger umbrella of commercial properties. Lenders offer gas station loans for purchase, refinance and refinance with cash-out.
Foreign National and ITIN Mortgages
Reading Time: < 1 minuteITIN and DACA recipients are able to obtain a variety of nonqualified mortgages through private lenders that will either service the loans in their own portfolio or sell them on the secondary market.
Fix and Flip Loans
Reading Time: 2 minutesThe term “fix and flip loans” refers to financing given to a buyer renovating a distressed residence with the purpose of selling it.
First Lien HELOC
Reading Time: < 1 minuteA HELOC can be a first-lien loan if the property owner uses it to pay off an existing mortgage or if they already own the home outright.
Farm Loans
Reading Time: 3 minutesFarm loans are a specific type of agricultural loan that resides under the commercial property category because farms produce income.
Correspondent Lending
Reading Time: 2 minutesA correspondent relationship is an avenue for mortgage brokers and bankers to sell the mortgage loans they write.
Commercial Second Lien Mortgages
Reading Time: 2 minutesCommercial second mortgages are second mortgages taken on income-producing properties, such as businesses, offices and factories.
