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PinnaclePeters
1122 Posts |
 Posted - 05/30/2008 : 12:50:21 PM
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C'mon...
You're not really gonna continue to clutch at those same straws, are you? Beat those same horses? Follow the crowd?
Sure, residential lending has hit a snag. But is that any reason to bite on one of these "latest fad" products?
Or go chasing after a very narrow sector of the mortgage market - like "Reverses" or "Govi Streamlined Refi's"?
Or trying to negotiate one of those big play "short-sale" or "short-refi" opportunities that come packed with emotional leverage (because you can't sell)?
Or looking to fit a square peg into a round "My Community" or "USDA Guaranteed Rural Housing" hole?
All the while, one of the biggest sectors in our industry is still just sitting there, waiting for you to notice.
I'm talking about the Small-Balance Commercial deals that are literally on every street corner. You drive right past these opportunities every day. You sometimes even stop in and leave your cash there... without even thinking about these places as a source of income for you!
Very few other loan originators feel confident enough to even try doing these smaller non-residential deals. But here's a secret...
They're not that difficult to do.
Not at all!
Trilogy Commercial Lending has designed our "non-prime" program to make it even easier for the average residential loan professional to learn and understand Small Balance Commercial.
It's like "Alt-A for commercial deals", with lower scores and more flexible doc levels and underwriting requirements than the traditional banks will require.
And it's a lot easier to find a borrower that fits this product, than finding a product to fit some of those borrowers you've been toting around for months...
Oh... and we pay Yield Spread as well...
So if you're ready to grab your piece of this $10 billion / month pie, call me.
Let's get you started learning something new that you can actually use right away, so you're not limiting yourself to the same old fads that the rest of the flock is wandering after... |
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velecico
4209 Posts |
Posted - 06/01/2008 : 02:26:38 AM
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Hey Chris , I see you kept your Pinnacle handle , do you know what those guys are doing now ? |
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PinnaclePeters
1122 Posts |
Posted - 06/02/2008 : 06:26:54 AM
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The Pinnacle Companies - Pinnacle Direct Funding Corp. & TriStar Lending Group (Wholesale - merged in 10/06), along with retail Pinnacle Financial - were sold to Impac in March of last year.
At that time, Impac was looking to add some retail capabilities along with an East Coast footprint. They also were attracted to Pinnacle's familiarity and capabilites with A-Paper and Govie lending.
Impac promptly closed down all it's lending divisions shortly thereafter. The Pinnacle retail offices across the country were pretty much left to their own devices.
Both parties decided to exclude Pinnacle's existing commercial lending division out of that transaction, since Impac already had a commercial division. Due to copyright reasons, the owners of Pinnacle had to restructure and rename this entity.
That's what Trilogy Commercial Lending has evolved from.
Same owners, many of the same wholesale personnel from the Pinnacle Direct/TriStar team... We're even operating out of the same building.
Hence, the moniker... "PinnaclePeters". |
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