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Home > Financial Services > Mortgage Brokers > Imperial Capital Express
Imperial Capital Express
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
Imperial Capital Expressis a subsidiary of Imperial Capital Bank; a California state charted commercial bank. Imperial Capital Express operates in New Jersey and makes intrastate commerce loans in New Jersey. It only lends on seven plus unit multi family properties, commercial properties and mixed use commercial properties in New Jersey.
Imperial Capital Bank's Express Lending Program specializes in multi family loans ranging in size from $100,000 to $5 Million. As a direct lender, they are able to streamline the underwriting process for these Express transactions and focus on closing loans in 30 to 45 days. For most of Imperial Capital Bank's loan products, the bank offers adjustable rates tied to 6 month no negative amortization as well as 3 and 5 year fixed rates which roll into the adjustable program. Term and amortization may be self liquidating for 30, 25, 20 or 15 years or may include a 10 year call, based on transaction specifics.
Imperial Capital Bank appreciates your hard work and dedication. Their Express Loan Program is designed to serve you and your clients in the most efficient way possible. All of their loan products are available at par so that you can earn your well deserved fees for services. Their process is easier than most other institutions and banks. They have eliminated much of the paperwork other lenders require, and sped up the processing period. They will order appraisal, third party reports and process the loan. They would appreciate your efforts at providing the required paperwork and provide them with any remaining documentation during the process.
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