Underwriting
Time is a vital asset. That is why HSBC processes applications quickly, typically delivering commitments in less than 30 days. Standard LTV limits, partial guarantees and minimum debt service requirements all apply. Some factors we consider when underwriting a loan include:
Security
Most loans require a first-mortgage lien on the property being financed. We also require an assignment of leases, income, contracts, etc.
Loan to Value
HSBC finances up to 75% of LTV for most property types, except subdivisions, which are limited to a maximum of 66 2/3%.
Equity
For most deals, a minimum cash equity position is required of the principal or borrowing entity.
Pricing
Competitive pricing and terms for fixed and floating rate loans.
