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Sunday, August 1, 2010

Kendall Closes FNMA Small Apartment Loan Evanston, IL

Kendall Realty Advisors LLC closes a small apartment loan under the FNMA small apartment loan program.

The loan was closed in a timely manor from application to closing and the borrower was able to take advantage of falling rates and close the ten year loan at a rate below 5.60%.

The property contained 10 units and was located in Evanston, IL. We are currently working several other refinances in Evanston and Chicago, IL and expect to give our clients the same prompt service so they can lock into these historically low rates.
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KENDALL

Surname: 

Origin: (Locality). Derived from the town of Kendal, in Westmoreland, England, and was so called from the river Ken, on which it is situated, and dale; the dale on the river Ken.

About Us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.

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