Bell Mortgage is originating loans - Bell Mortgage Banking offers mortgage loans

Real Estate Weekly, August 26, 1992

Wall St. capital looking for higher investor yields is replacing mortgage funding from traditional lending outlets which are curtailing their financing for multi-family housing.

Bell Mortgage Banking is originating mortgage loans that are secured in a specific pool of loans securitized for the secondary market through Wall St. Such financing has enable Bell to provide multi-family mortgages throughout the country.

The loans bear competitive rates and terms of 5, 7, and 10 years, amortized on a 25/30 year schedule, on a nonrecourse basis. Loans range from $500,000 to $10,000,000, with a special arrangement for loan exceeding $10,000,00

The minimizing of the loan process paper work has allowed the transaction to be completed in a reasonable length of time within an established closing schedule.