Business
Anna Buckley is an Account Executive at Finance of America Commercial where she structures long-term loans for non-owner occupied rental properties, fix & flip financing and new construction financing for real estate investors and brokers. Prior to joining Finance of America Commercial, Anna worked in residential lending and was a business analyst in the aerospace industry. She holds a Master of Science in Management and a Bachelor of Arts in Advertising, both from the University of Florida. Anna is a native of Merritt Island, Florida and now resides in Charlotte, North Carolina, with her husband, Stephen. What you’ll learn about in this episode: How Anna got involved in the mortgage industry, and background about Finance of America Commercial Division Which products and options Finance of America Commercial Division offers, including rental, fix & flip, and new construction What criteria Anna and her team look for in a borrower: credit score, net worth, liquid assets, and track record How a single loan works and is tailored to people who are just getting started in the fix & flip business Which factors are involved in determining the interest rate of a fix & flip single loan, and what the minimum amounts are How a line of credit works, and why it is more flexible than a single loan with a better interest rate How a borrower’s exposure limit can potentially be increased as their circumstances change How Finance of America Commercial Division’s long-term loans work, and why Anna doesn’t look at your personal income for these loans How a portfolio loan is structured, what is required for qualification, and what advantage it offers How Finance of America Commercial Division offers options for every type of investor in any business market