Factors to Consider when purchasing First Position Commercial Mortgages.
- High Yield / Short Term Maturities
- Senior position notes
- Normally use as bridge financing
- Secured by Commercial real estate
- Often also, a general obligation of issuer
- Check how the property values were estimated
- Check loan to value ratio
- Check default record and financial strength of issuer
- Shop around for highest returns
- Some states regulate FPCMs
- As most products – Buyer Beware
(Coming Soon) See our White Paper – First Position Commercial Mortgage – High Risk or High Reward? (Coming Soon)