#10 Michael Wang COMPANY: The Mortgage Centre Focal Mortgage
#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.”
FSCO license: M08000282
