DEC 16, 2013 12:07pm ET

FirstKey Offering Small-Balance Investor Loans

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FirstKey Lending LLC is offering loans of $5 million or less to help investors acquire new one-to-four family residential rental properties or refinance existing debt in the small-balance loan market.

The Cerberus Capital Management-backed company is specifically targeting investors in this market with five or more of these types of properties.

Investors with rental property portfolios under $5 million represent the largest segment of the market but have historically had limited access to capital, First Key CEO Randy Reiff said in a press release Monday.

The FirstKey Lending Express loans are typically nonrecourse and designed to be more competitive in terms of rates and terms than other existing small-balance commercial loan products, the New York-based company says.

Reiff, who previously headed the global commercial mortgage-backed securities and commercial mortgage finance business in Macquarie’s fixed-income division, has been with FirstKey since October. He also previously headed global commercial mortgage and CMBS for JPMorgan and Bear Stearns.

Comments (1)
Warm Regards To The World, I am Prof. Ahmad Jongi by name,And for the past 26 years now,I have been the person in position to attend to all of our customers in need of financial assistance like business and personal loans, In this loan firm called NORT JEJE LOAN INVESTMENT,And ever since i have been in the position of doing that i have giving out loans to so many people world wide!! I am also aware that their are so many fraudulent loan lenders online now a days that has made so many of us feel that there are no longer legitimate and reputable loan lenders online anymore.I AHMAD JONGI IN POSITION OF GIVING OUT LOANS TO ALL IN NORT JEJE LOAN INVESTMENT HAS COME TO DROP AWAY SUCH THOUGHT IN OUR MIND THAT ALL LOAN LENDERS ARE NOT THE SAME!! Interested ones should please send there contact to this very email address:nortjeje@hotmail.com AND PLEASE ANYBODY WANTING A LOAN OR LOANS FROM THIS LOAN FIRM MUST BE A DEDICATED CHRISTIAN OR MUSLIM. Cos i don't want to lost money to those borrowers that are not committed to the will of GOD AND ALLAH. And also please don't apply for this loan and be compering us with other scam loan lenders that scammed you out of your hard end money. Thanks, Prof.Ahmad Jongi.
Posted by nort j | Friday, February 21 2014 at 6:37PM ET
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