Silver Hill Announces 80 Percent LTV for Small-Balance Commercial Mortgages

Feb 22, 2017

Silver Hill Funding, a division of Bayview Loan Servicing LLC, has announced that they will now offer 80 percent loan-to-value (LTV) financing on small-balance commercial mortgages from $250,000 to $2 million.

With this new program update, business owners and investors can qualify for 80 percent LTV financing on commercial transactions involving multifamily and mixed-use properties. Maximum LTVs on Silver Hill’s other eligible property types–which include light industrial, warehouse, self-storage, retail, office, automotive and mobile home parks–have also increased to 75 percent.

“Eighty percent LTVs are rare for non-bank lenders in the current small-balance commercial mortgage market–we believe this program update solidifies Silver Hill’s status as a leader in the industry today,” said Silver Hill Managing Director Leslie Smith. “We’re excited to give mortgage originators an opportunity to provide a new solution for their creditworthy clients.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Feb 22, 2017

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...