Commerical loans still being processed during lockdown.
While many lenders have pushed the pause button during Covid 19, the commercial real estate financing scenario is significantly more robust compared to the credit freeze in the 2009 recession. With historically low rates now is a great time to borrow. Commercial mortgage broker Financial Compound is currently processing about a dozen loans in the 2.85% to 5.25% interest rate range. There are enough active lenders to keep commercial mortgage rates and terms tight. We don't want to jinx anything but Financial Compound is having one of our best years. We've looked at a few large private investors and started refinancing their portfolios as well as some acquisitions and construction commercial loans. Its nice to do multiple transactions with the same customer over a short span of time as we have all the relevant paperwork on hand.