PMG Commercial Lending Blog

Here is a brief overview of what we offer in Purchase Money: FHA (Federal Housing Authority) -- Approved Lending Institution 3.5% down payment Non-occupant co-borrowers are allowed to help support income challenges 203K Rehabilitation Loans – We provide the financing to purchase the home as well ...

Here is interesting article that i think will be indicative of what is going to happen in the market for some time. By: Diana OlickCNBC Real Estate Reporter That heady buzz from the home buyer tax credit is now turning into a grinding headache, as home sellers realize their very temporary, govern...

The Following article was on CNBC this morning.  It shows in the bold area that banks have many on their plates.  This is why clients need an advocate on their side to help with their Commercial loan Modifications and work outs.  Give us a call we can help. By: Patrick AllenCNBC Senior News Edit...

This is a great article to help get you slaes back on track!!!   Time for a mid-year review. Many of you are blaming slower sales on the summer season, and people being on vacation, or people not working on Fridays so they can take a long weekend. I refer to this as "summer whining." At the begin...

Last week, the Case-Shiller Index reported home values up 0.8 percent across 20 tracked markets. The public-sector Federal Housing Finance Agency has reached a similar conclusion. Reporting on a two-month lag, the government’s Home Price Index shows home values up 0.8 percent in April, buoyed by ...

The economic calendar was light last week and markets were generally slow as many investors used the holiday shortened work schedule as an excuse to get much needed R&R. While benchmark interest rates were pressured higher by a modest rally in stocks,  consumer borrowing costs managed to hold the...

This is an interesting article.  I would have thought with rates so low people would be more inclined to purchase.. Read the articel here

A Commercial Loan Package   -Executive Summary-overview of the project, location, strengths of the deal -Detailed Resume’s of partners AND GC if not a partner -Actual Projects completed-NEED EXPERIENCE -Pro-Forma-projections on project and net income expected -Detailed cost breakdown -Information...

If China dumped our treasuries the bond market would have tanked. Not good   Read more here

We have been working very aggresively with our law firm partner to modify commercial loans.  We have recently closed 2 of these transactions with many more in various stages.  With several to be modified this month. -Condo Complex in NC modification reduced the monthly payments down to only $12,0...