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Midwest Capital Launches New Correspondent Loan Program for Mortgage Brokers
Indianapolis, IN (PRWeb) January 10, 2007 -- Midwest Capital Corporation, one of the Midwests leading provider of conventional and U. S. Small Business Administration (SBA) 504 loans for commercial real estate, has launched a nationwide expansion program. The companys new correspondent commercial lending program is designed to give mortgage brokers across the country the ability to originate commercial real estate loans via access to the Midwest Capital Corporation business model.
Historically, brokers were confined to offer commercial loan products to non-traditional commercial borrowers at high interest rates? says Steve Young, President of Midwest Capital Corporation. Our program will open their opportunity to pursue bank-quality transactions and offer their commercial borrowers more competitive pricing and loan structures that rival, compete with and often beat out traditional financing options.?
Midwest Capital Corporation has been recognized among its peer lenders as the preeminent non-bank provider of commercial real estate loans to closely held corporations and investors. The company has been recognized for the third consecutive year as being one of the most active providers of SBA 504 loans in its home-base state of Indiana. (http://www.prweb.com/releases/2007/12/prweb587192.htm)
Mortgage brokers interested in the program may learn more by attending one of the companys upcoming informational webinars. (see http://www.MidwestCapitalCorp.com/NewsArticles/tabid/120/Default.aspx for schedule and times)
Midwest Capital Corporation is a national, non-bank lender which provides both conventional and SBA 504 long term commercial mortgage loans, ranging from $1,000,000 to $10,000,000, to small and medium size companies.
Media Contact:
Steven Young
317-863-2400
steve@midwestcapitalcorp.com
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