Mortgage Grapevine

Any lenders doing OTC loans in Florida?

by Gabrielg November 4, 2009 2:54 PM

What is an OTC loan?
by BuySide November 4, 2009 2:55 PM

"One time close" construction loan. Only wholesaler I know of that still does these is M & T and I don't think they do in Florida.
by Vinnie The Leg Breaker November 4, 2009 3:17 PM

I work with a commercial and residential wholesale lender that offers financing for many different types of business needs. Here are some of the common loans that are offered:

SBA 504 and 7A
Conventional Commercial Mortgages
Commercial Construction/Development
Bridge and Mezzanine Financing
Hard Money
Asset/Securities Based Lending
Accounts Receivable Lending

Let us quote you a rate to compare with what you have collected.

We can do OTC commercial loans.

John
336-745-1052

by FWFinancialGroup November 4, 2009 4:38 PM

I believe that BB&T may be doing them on the retail side. Don't suppose that hekps you but there it is.
by Primerate November 4, 2009 7:52 PM

How much are you looking for? Vince Fleischman 702 300 0996
by vincentfleischman November 5, 2009 9:37 AM

Pre-qualify your mortgage loan request, either residential or commercial. First National Partners is a processor that prepares initial underwriting packages for a consortium of out-of-the-box lenders. 

Submit your request to fnpartners@gmail.com. Our website: www.fnp.us.com. Call us at 312.239.0657. 

Upon your acceptance of a pre-qualification and you want to proceed, we charge a nominal, but fair, processing fee. 
by Alan38 November 6, 2009 1:55 PM

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