Commercial mortgage provider Midwest Capital Corp., headquartered in Indianapolis, has launched a nationwide expansion program.
The company says its new correspondent commercial lending program is designed to give mortgage brokers across the country the ability to originate commercial real estate loans via access to the Midwest Capital business model.
‘Historically, brokers were confined to offer commercial loan products to nontraditional commercial borrowers at high interest rates,’ explains Steve Young, president of Midwest Capital. ‘Our program will open their opportunity to pursue bank-quality transactions and offer their commercial borrowers more competitive pricing and loan structures that rival, compete with and often beat out traditional financing options.’
