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January 2, 2014

$100 Million Warehouse Line in the Works for ‘Hard Money’ Lender

By Paul Muolo

Most of the underlying mortgages have terms of six to nine months, but with a warehouse line in place the terms could range from three to five years.

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Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher

48%

50% to 74%

24%

30% to 49%

14%

Under 30%

14%