Silver Hill expands its commercial lending programMortgagePress.comSilver Hill Financial LLC, commercial lending, credit criteria
Silver Hill Financial LLC has adjusted its loan program's
borrower credit criteria, resulting in an expanded marketplace for
its small-balance commercial lending program. The credit criteria
has been adjusted from a 680+ middle score to a 640+ middle
"This move expands the market of potential borrowers that fit
our loan program benefiting our broker network and making it easier
for them to accept and close more loans," noted Michael Boggiano,
vice president and national sales director of Silver Hill
Financial. "Were excited about the prospect for new business
opportunities this gives our participating brokers."
Additionally, Silver Hill has raised the limits on its
commercial, small-balance lending program to loans up to $1
million. The company takes a residential-style approach to
commercial lending, offering borrowers loans based on higher credit
scores and personal financial strength rather than property cash
flow. In turn, the program rewards brokers with lucrative
commissions on each deal and offers benefits such as no lender
points, no yield maintenance and no loan committees.
For more information, visit www.silverhillfinancial.com.