“Can I do Commercial Mortgages?”

“Can I do Commercial Mortgages?”

 

 

 

Hello, Joe!

My brother and I are looking to refi the homestead up in Ludlow.  It seems anytime the word mortgage comes up in our family. 1. We do our checking with TD Bank and while I was there one day and out of curiosity I asked what they would have available, the guy said 5.5% with 5 year rate adjustment allowance amortized over 20 years, is that the way the system works now? 2. Do you do any commercial lending? If so, where do we begin?

Cheers, Mary Lynn

 

As luck would have it, I have a banker referral partner in her area that I thought could do a better job than I could for Mary Lynn and her brother. He was able to get her a 4.75% commercial mortgage that is fixed for 15 years.

Could I have done a commercial mortgage for them? Of course, but the rate would have been comparable to what she was originally told. I would much rather do what is best for my client and they will remember the result for years to come.

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 5 commentsJoe Petrowsky • February 14 2017 01:32PM

Comments

Good morning Joe. I love you integrity and your knowledge. Surprised by neither.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 1 month ago

That is why we have referral partners in this business to get the job done.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) about 1 month ago

Good morning Joe. Sometimes the best option is someone else. Enjoy your day 

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) about 1 month ago

As I have commented before, I great lender is one that cares more for a client than anyone else in a transaction and you showed that to be true.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 1 month ago

Not only will she remember this for years to come but will refer others who need help to you! Great job as always.

Posted by Kat Palmiotti, The House Kat (Better Homes & Gardens Rand Realty, Monroe NY Real Estate, 914-419-0270, kat@thehousekat.com) about 1 month ago

Participate