#10 Michael Wang

Home #10 Michael Wang
#10 Michael Wang
COMPANY:
The Mortgage Centre Focal Mortgage
TOTAL VOLUME: $96,300,000
LOANS FUNDED: 200

MOST IMPORTANT DEAL: 

Michael Wang’s biggest deal of 2014 was a refi for a school property. “The building was purchased at price of $9.6 million two years ago by a school owner with a VTB of about $8.6 million,” Wang says. “But the VTB rate was sky-high, and my client also needed cash flow to run the business. After six months of me consulting and helping, the borrower got about a $12 million mortgage, with a new market value of $16.5 million appraised by the lender’s appraisers. I felt so proud of this deal.”
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