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 score.
"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.