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Bankers, irate about credit unions’ increased dealings with commercial loans, reject the notion that those institutions. “the truth is SBA is the best thing that could happen to a business,
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If a commercial loan won’t qualify with the very cheapest commercial lender, the commercial mortgage deal then goes to the commercial lender with the next best commercial mortgage rates – and so on. The pecking order is as follows: life insurance companies, conduits (CMBS lenders), banks, savings banks and S&L’s (known as thrifts), credit unions, mortgage REIT’s, and finally hard money lenders.
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