In a continuing effort to provide mortgage brokers with expanded small commercial loan options, InterBay Funding LLC has announced several new changes to its existing commercial loan programs.
A new 30-year amortization program has been launched, providing qualified borrowers with the benefits of more affordable monthly payments. Additionally, certain loan-to-value limits have been raised, thus enabling borrowers to qualify for higher loan amounts. InterBay is also introducing new options to reduce rates through the extension of pre-payment fee periods.
"We continually strive to enhance our programs, enabling our brokers to meet the needs of their small commercial lending clients," said Karl Moisan, InterBay senior vice president and national sales manager.
For more information, visit www.interbay.com.