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Bell Mortgage is originating loans.

Wall St. capital looking for higher investor yields is replacing mortgage funding from traditional lending outlets which are curtailing their financing for multi-family housing.

Bell Mortgage Banking is originating mortgage loans that are secured in a specific pool of loans securitized for the secondary market through Wall St. Such financing has enable Bell to provide multi-family mortgages throughout the country.

The loans bear competitive rates and terms of 5, 7, and 10 years, amortized on a 25/30 year schedule, on a nonrecourse basis. Loans range from $500,000 to $10,000,000, with a special arrangement for loan exceeding $10,000,00

The minimizing of the loan process paper work has allowed the transaction to be completed in a reasonable length of time within an established closing schedule.
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Title Annotation:Bell Mortgage Banking offers mortgage loans
Publication:Real Estate Weekly
Date:Aug 26, 1992
Words:129
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