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  • Portfolio Lending- Real Estate lender- (OPEN for BUSINESS)

    NEW to the Forum. Just want to get the word out that our Bank is OPEN for Business.

    We are based out of Hunt Valley, Maryland- However we have a lending footprint that extends to the
    following states: Maryland, PA, Delaware, New York, New Jersey. Soon to add Virginia and DC.
    We are a direct lender, but also work with Mortgage Brokers too.
    Slightly outside the box of Conforming, Jumbo, and Agency underwriting.

    Max LTV's - typically 80% or less
    Rate Ranges- start around 5% and go up from there
    ALL loans are processed, underwritten, approved and serviced by our Bank. We DO NOT sell our loans.
    Loan Sizes of $50,000 - $12 million considered
    Blanket mortgages
    Bridge loans
    Renovation /Construction loans
    Residential Jumbo
    Cash out up to $ 1.5 million
    ( Unique Collateral) - Non warrantable condos, co-ops, large acreage, multiple real estate on one lot, etc- are considered

    Title in LLC, Trusts, Partnerships, Corporations- are considered. Will require personal guarantor(s) for ownership interest of 25%
    or more of that specific entity.

    We will essentially evaluate deals on a " case by case" basis. All backed by Real Estate. Although we recently received
    SBA approval, we are NOT actively making SBA loans. However, we are participating in the SBA/PPP loan program. Open
    to Maryland businesses and max loan amount of $ 1 million at this time.

    Happy to listen to your situation and see if we can help.

    Kurt Klebrowski
    Eastern Savings Bank
    NMLS ID#1224011
    410-350-6287 Cell Currently working remotely Email

  • #2
    I'm a broker in Florida. What products do you handle? All real estate or business too? I have some deals I'm trying to place.