Tag Archives: Finance

Finance 22: Lending Institutions

A final requirement of our Finance 22 subject under the supervision of Asst. Prof. Dina Wong-Remoto. A Sillimanian Project.
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Background information for Flythere Charters Scenario 1 Case Study. To be used by Curtin 11040, 10954 and Ban22 students.

Innovations in Capital Formation (David Rose) – Exponential Finance 2014

Innovations in Capital Formation (David Rose) - Exponential Finance 2014

David Rose, a serial entrepreneur and active angel investor in New York, as well as the founder and CEO of Gust, will share his insights on the rapidly evolv…
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The Lendit 2013 Peer-to-Peer Online Lending Conference took place in New York City in June 2013, and was attended by the major International players in the P…
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Hunt Mortgage Group Launches a Manufactured Housing Finance Platform

New York, NY (PRWEB) September 29, 2014

Hunt Mortgage Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today that it has expanded its multifamily finance capabilities with the launch of a manufactured housing finance platform.

Under the new platform, Hunt Mortgage Group will provide permanent financing programs, offering both fixed and variable rates, through Fannie Mae DUS, Freddie Mac, and CMBS. For owners seeking bridge financing, Hunt offers floating rate short term loans via a proprietary bridge program.

“Hunt Mortgage Group is a well-known national leader in mortgage financing for conventional and affordable multifamily properties,” commented Bill Hyman, Senior Managing Director and Head of the Mortgage Banking Group at Hunt. “We are pleased to add this new program – that provides an array of financing products to assist owners of manufactured housing communities – to our stable of products.”

This is the third product launch at Hunt Mortgage Group this year. Previously the firm announced the creation of a proprietary multifamily bridge loan program, and a small loan portfolio lending program for multifamily and mixed use properties.

“We have a team of production and underwriting specialists with particular expertise in this asset class, who will work under the umbrella of our overall mortgage banking unit,” added Hyman. “To date we have provided over $ 400 million in financing to owners of manufactured housing and see this sector as having significant growth potential.”

The key loan terms vary by product. The Freddie Mac MHC Financing Program offers loan terms of 5, 7 and 10 years, with fixed and floating rate options for loan amounts of $ 1 million or greater and amortization schedules of up to 30 years, In addition, an interest only option is available, as are Early Rate lock and index lock options. Leverage of up to 75% is available for 7 year terms and longer; 70% LTV on shorter term loans.

The Fannie Mae MHC Financing Program is for existing stabilized high-quality manufactured housing that is professionally with or without age restrictions and a minimum of 50 pad sites. The program offers terms of 5-30 years and fixed and variable rates options are available. Supplemental loans are also available.

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About Hunt Mortgage Group

Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a real estate finance company providing financing and investing for conventional and affordable multifamily housing throughout the United States. Hunt Mortgage Group is organized around two business units: Mortgage Banking and Affordable Housing Debt. Under the Mortgage Banking and Affordable Housing Debt businesses, Hunt Mortgage Group partners with developers, owners, and investors to provide them with capital to develop, acquire or redevelop their real estate assets. Hunt Mortgage Groupʼs core debt products consist of Fannie Mae, Freddie Mac, or HUD/FHA financing. In addition, through several strategic alliances, Hunt Mortgage Group offers various CMBS executions for multifamily and other commercial properties, proprietary bridge loans and select joint venture equity products. Today the firmʼs lending platform manages and services more than $ 10.4 billion in loans, of which affordable housing makes up $ 916 million. Headquartered in New York City, Hunt Mortgage Group has 128 employees in 15 locations throughout the United States. To learn more about Hunt Mortgage Group, visit http://www.huntmortgagegroup.com.

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Rick Otton Shares How Seller Finance Can Help Investors Build Their Portfolio When Interest Rates Rise

(PRWEB) September 15, 2014 A new survey conducted by Equifax confirmed that over half of UK homeowners believe that they would face financial struggles once interest rates increase, Moneyfacts.co.uk reported on 4 September 2014. In light of this property news, Rick Otton, a highly respected property coach, discusses how property investors can better copeContinue Reading

P2P FINANCE | The Checkout | ABC1

Julian Morrow and collaborative consumption expert Rachel Botsman examine the emerging industry of ‘Peer to Peer Finance’ which lets you borrow money securel… Video Rating: 5 / 5

Personal Finance & Money Management : What Is Hard Money Lending?

Hard money lending is when the bank giving the loan requires a piece of real estate property as collateral for a loan. Prepare to pay high interest rates for… Video Rating: 5 / 5 A short video explaining the new financial climate, covering the 2008/2009 recession and lending. Delivered by Jerry Davison. Business Link provideContinue Reading

Key Equipment Finance Names Heather Valenty Vice President and Equipment Finance Territory Manager, West Region

Superior, CO. (PRWEB) May 13, 2014 Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), has named Heather Valenty vice president and equipment finance territory manager for the west region. “Heather brings 10 years of experience developing and maintaining strategic partnerships with bank officersContinue Reading

TMX Finance Hosting Open House in Salt Lake City, UT

Salt Lake City, UT (PRWEB) May 14, 2014 TMX Finance is excited to offer additional career opportunities to the Salt Lake City, UT job market. One of the nation’s fastest growing consumer finance companies invites individuals to attend their upcoming Open House event and meet with a hiring manager to discuss employment opportunities currently availableContinue Reading

Current Property Market Makes Seller Finance More Relevant Today, Says Rick Otton

(PRWEB) May 05, 2014 “Finding a decent shelter in the major cities in Australia has become a big problem for many low-income Aussies for the past few years, because of the rapidly increasing house prices and rental rates. Now that prices are at an all-time high, some Aussies face the risk of living on theContinue Reading