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Broker Protection Policy

To protect mortgage brokers that are registered with Capital Development, Capital Development has instituted its Broker Protection Policy.

Our policy is very simple:

If a broker initially introduces Capital Development to a borrower, and that borrower closes a commercial real estate loan with Capital Development within 180 days after the introduction, then that broker will be paid a commission, not only on that initial loan, but on any permanent financing provided to that borrower by Capital Development thereafter*.

The brokerage community is our foundation and therefore Capital Development believes that they deserve this continuing protection.

*The only exception to this policy is in the rare situation where a borrower, due to circumstances, may retain a new broker to represent the borrower on loan transactions with Capital Development, subsequent to the initial loan transaction.  In this case, only the new broker would be entitled to commissions on these subsequent transactions.

Click here to download the Broker Protection Agreement form

 

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Daily FHLB 11/18/08
Prime Rate 4.00%
90-day LIBOR 2.24%
6-Month LIBOR 2.71%
5-Year FHLB 4.23%
7-Year FHLB 5.24%
Weekly SWAP 11/18/08
5-Year SWAP 3.44%
7-Year SWAP 3.82%
10-Year SWAP 4.10%
Daily SWAP 11/18/08
2-Year SWAP 2.25%
5-Year SWAP 3.41%
10-Year SWAP 4.08%
Other Rates 11/18/08
SBA 504
Debenture Rate
7.745%
NMTC
25-Yr Fixed
7.210%
 
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