Real Estate Journal — Financial Digest — 2018 Regional Conference of MBAs — March 16 - 29, 2018 — 7A
www.marejournal.com
M id A tlantic
2018 R egional C onference of MBA s
Specializing in commercial loans for mixed use and multifamily properties Emigrant Mortgage Company provides personal service, flexible terms, &creativemortgage solutions
E
mi grant Mor tgage Company , through its affiliate, Emigrant
• Westchester/Rockland • Orange & Putnam NJ/PA/CT Market • New Jersey* • Eastern PA including Phila- delphia • Fairfield County, CT * (Other counties may be considered) New England Market • Eastern Massachusetts in- cluding Boston Florida • Southeast Florida including Miami • Southwest Florida including Tampa * EFC’s Small Business Admin- istration (SBA) lending area
Emigrant maintains offices in New York (Manhattan, Long Island andWestchester), New Jersey, Massachusetts, and Florida. Our Commercial Mortgage Specialist along with our in-house team of underwriters, appraisers and closers, facilitate prompt deci- sion making and processing of all loan applications. If you would like to learn more about how Emigrant can help you with your clients, please reach out to Jack Coll, senior vice president at Emi- grant Mortgage Co., Inc. Coll is in his 24th year with
Emigrant Mortgage Company. Jack has had management responsibility for many geo- graphical regions with Emi- grant throughout his career. At present, Coll has regional responsibility for the New Jer- sey and Philadelphia Regions. Emigrant Mortgage Company offers a Small Balance Com- mercial Lending Program to the wholesale mortgage mar- ketplace. With loan sizes up to 5MM, Emigrant specializes in commercial loans for Mixed Use and Multifamily prop- erties. Financing for Retail Strip properties, Small Office
buildings, and certain “Stand Alone Building” property types is also offered within the lend- ing program. As a portfolio lender, and with features such as no personal debt-to-income ratio, large cash outs, Cross- collateralizations, and deal structuring, Emigrant brings a unique underwriting ap- proach to the commercial lend- ing space. Coll and Emigrant’s other lending representatives will be happy to discuss these loan programs in more detail at the 2018 Regional Confer- ence of the Mortgage Bankers Association. n
F u n d i n g Corporation (“EFC”), of- f e r s p o r t - folio (bank- owned) small b a l a n c e commercial / mixed use products for
Jack Coll
first mortgage financing for most types of commercial real estate, including: multifamily apartment houses, mixed-use buildings, retail strips and of- fice properties. As a subsidiary of Emigrant Bank, a 168-year- old New York savings institu- tion, EFC is able to draw upon the vast resources of its parent to make sure borrowers get the funds they need in a timely fashion. Emigrant’s commercial port- folio guidelines include pur- chase, rate/term refinancing and cash-out transactions, full documentation loan programs and amortization Periods up to 30 Years. EFC’s full suite of programs and products provide financing options for traditional borrowers, as well as foreign nationals, resident aliens and borrowers with low or no credit scores. EFC, through Emigrant Bank, is a participating Small Busi- ness Administration (“SBA”) Lender offering SBA Advan- tage Loans 7(a) and SBA Grow Loans (504). Emigrant’s Commercial Lending Area includes: NY Market * • 5 boroughs • Nassau/Suffolk
A SUBSIDIARY OF EMIGRANT BANK
Commercial Mortgages
Eligible Properties Include:
Guideline Highlights:
No Minimum Credit Score Requirement Loan Amounts up to $5 Million Various amortization periods available
Financial Digest
Foreign Nationals & Non-Resident Aliens eligible Multi-State Cross Collateralized Loans allowed Cross Collateral Loans with Residential Properties permitted
a section of the Mid Atlantic Real Estate Journal Phone: 781-740-2900 Fax: 781-740-2929 www.marejournal.com
Jack Coll, Senior Vice President NMLS#13478 / 914.785.1245 CollJ@Emigrant.com
Call Today
Emigrant Bank is a Participating SBA Lender offering SBA Advantage Loans 7(a)and SBA Grow Loans (504).
S ection P ublisher Miriam Buttrick mbuttrick@marejournal.com
Copyright © 2018 Emigrant Mortgage Company, Incorporated - NMLS#1577 (Emigrant). All rights reserved. Emigrant is a subsidiary of Emigrant Bank, Member FDIC. Emigrant is an Equal Opportunity Lender and an Equal Opportunity Employer. The information, products and services contained in this advertisement are believed to be correct but may include inaccuracies, typographical errors and/or omissions. Emigrant does not guarantee the accuracy of the data contained herein. All loans are subject to submission of a complete application, underwriting review and credit and property approval by Emigrant. Not all products and/or programs are available in all states and/or localities and/or for all loan amounts. Other restrictions and limitations may apply. Emigrant’s commercial mortgage programs/products are offered through Emigrant Funding Corporation - NMLS#1597 (EFC) a Subsidiary of Emigrant Bank. EFC’s loan programs are limited to loans that do not meet the definition of residential under applicable state laws. New York Mortgage Banker License*, New York State Department of Financial Services, One State Street, New York, NY 10004, 212.709.3500. New Jersey Licensed by the N.J. Department of Banking and Insurance, Residential Mortgage Lender License #9401304, with a principal address at 7 Westchester Plaza, Elmsford, NY 10523, 914.785.1100 and Residential Mortgage Lender Branch License #296765, with a principal address at 350 West Passaic Street, Rochelle Park, NJ 07662. Pennsylvania Partially Exempt Mortgage Company Registration #31288, Pennsylvania Department of Banking and Securities, 17 North Second, Harrisburg, PA 17101, 717.787.2665. Emigrant is also registered or licensed with the Banking Departments or Divisions in CT, MA, and FL. *Mortgage Banker activities authorized pending issuance. /// 03/01/18.
S ection E ditor Karen Vachon kjoy@marejournal.com
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