What's next for your maturing loan?

Is the maturity date of your current loan approaching? Waiting to act can be costly, warned Cambridge Realty Capital Managing Director Tony Marino. “Many conventional lenders are choosing not to offer extensions, putting borrowers in a crunch to find alternatives in a timely manner.”

Often, borrowers simply take for granted that their current lender will continue to work with them post-maturity. Unfortunately, this may not be the case in the current market. Even borrowers with longstanding relationships with a particular lender have found themselves unexpectedly looking for new options.

Contact Cambridge today to explore your options if your mortgage is maturing soon.  We're here for you with any program questions, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.