Archive for May, 2013

Mortgage Rates – Why Are They Moving Up?

May 31, 2013 1 comment

It is not time to panic if you have already refinanced your home or commercial property.  If you haven’t, it may be time to locate the oxygen mask above your seat.

In a Freddie Mac press release this week a spokesperson blamed the upturn on the Feds changing policy on buying bonds.  The lack of government support may require the bond rates to move even higher to attack buyers.

If you’re a home buyer expect to pay higher rates in the months to come.

If you are looking to finance a commercial or multi-family loan, anticipate less of a loan.  This is the consequence of high rates against debt to income ratios.



Paul Horvitz

Dominion Mortgage Corporation

Categories: Dominion's Blog

Where is commercial real estate loan money coming from?

May 10, 2013 Leave a comment

That’s the question we hear often.  We all know some banks finance real estate.  We all know most banks love apartment deals.  We also know that FHA and Fannie Mae like apartments, but they also like healthcare loans like skilled nursing and assisted living.  There is always the SBA if you’re an owner whose business operates out of your commercial real property.  Then there is an insurance company if you have a retail commercial or industrial real estate loan with a rock solid tenant or a long term lease.

The commercial mortgage securitization market is resurging after years of bad deal work outs.  These loans are not easy to get but for $10,000,000 and up you can get traction if you have a solid piece of commercial real estate.

Oh yes, there is hard money and the opportunity funds.  Hard money is not only more expensive, as you probably know, but it’s also short term or “bridge oriented”, one to three years, at rates much higher than banks when including points.

We are often asked, “Is there a company, a lender who covers all those commercial real estate products?”  Yes, we do offer loans on healthcare and commercial real estate.  DOMINION prices its loans based on risk from cheap to hard money and we do it quickly and fair.


Paul Horvitz

Categories: Dominion's Blog