We have successfully completed more assumptions than anyone in the industry!
1st Service Solutions is the 1st and most experienced Borrower Advocate in the industry! We have successfully closed hundreds of CMBS, HUD, Fannie, and Freddie loan assumptions. If you or your client will be buying or selling a property with an assumable loan in place, 1st Service Solutions can help you close in record time! Most importantly these days, we also prepare you for possible conditions that may accompany approvals and negotiate the conditions so you end up with the best possible outcome.
The assumption approval process has little to do with the proposed borrower’s qualifications to get a new loan and has much to do with the strength and background of the borrower in place. The underwriting is based on a comparison of the buyer (or proposed borrower) and the seller (or current borrower). With a business person who understands the underwriting on your side, the transaction will have the highest likelihood of not only closing, but closing quickly.
Value of our Services
The Value of Our Services on a CMBS Assumption. These are just some of the reasons why you should choose 1st Service Solutions to facilitate your Loan Assumptions.
Faster Closing60 days for approvals and 90 days, all in, for closing
AssuranceHigher assurance of closing the transaction
'Pre-Qualify'We will ‘pre-qualify’ buyers prior to entering into the assumption process
ConditionsBuyer will understand possible conditions from the beginning, and we are able to negotiate the conditions with the servicer to industry standard
GPSWe serve as the GPS so you always know where the approval process stands (Up to 8 approval parties)
Hear what our clients have to say
Don’t take out word for it, hear what some of our clients have to say about 1st Service Solutions
“I can’t thank you enough for your assistance on our assumption. Quite frankly, I don’t think we could have made it without your help. Your firm adds a tremendous value when dealing with the CMBS monster.”Robert Team
“It was awesome working with you guys and I couldn’t imagine this process going as well as it did.”Grant
“Our $1.2Billion transaction would not have closed without 1st Service Solutions.”Joe Dykstra