Commercial mortgage lenders are holding their breath as the Federal Reserve has made it clear that they are preparing to tighten the reins. Lenders are preparing for an increase in rates very shortly. At the end of July 2014, the Federal Reserve reduced its bond buying program by $10 billion a month and announced that they would end the plan in October. Notes from the Fed’s July meeting, revealed recently, indicate that the Fed action is due to the strength of the economic recovery. Once the Fed stops its bond buying program, market rates will begin to rise as the competition for available funds increases.
If you are considering buying a commercial property, or refinancing your existing loan, now is the time to act before rates increase. If you have been sitting on the fence waiting, now is the time to act. If you are in need of a commercial mortgage lender, Select Commercial Funding LLC is a highly qualified commercial mortgage lender. As President of Select Commercial, I have over 30 years of commercial lending experience. Select Commercial is a nationwide leader in the commercial mortgage industry and we are currently lending on the following types of properties:
- Apartment Buildings
- Office Buildings
- Retail Properties and Shopping Centers
- Doctor’s Offices
- Dental Offices
- Gas Stations
- Car Washes
- Special Use
Select Commercial Funding LLC offers extremely low commercial mortgage rates, personalized service, no application fees, 24 hour written pre-approvals and much more.
If you are in need of a commercial mortgage loan for a purchase or refinance, do yourself a favor and contact us. Not only will we will show you how much money you can save, we will also simplify the process as much as possible. Select Commercial is a trusted name in the commercial mortgage industry and that is why we have earned an “A+” rating from the Better Business Bureau. We can be reached at 1-877-548-9454 or click here.