Rabideau Law Introduces “Palm Beach County Million Dollar Mortgage Brief”

In Articles by Rabideau-Law

Palm Beach Real Estate Attorney’s mortgage publication enables high-yield Palm Beach lenders to see how they measure up in the million dollar loan market. Rabideau Law offers side-by-side comparisons of data in two page summary of trending data.

PRLog – Lenders of multi-million dollar loans just acquired a free data tool that provides simplified insight into transactions of multi-million dollar real estate loans for residential and commercial properties throughout Palm Beach County. The monthly report is the brainchild of longtime Palm Beach-based real estate attorney, Guy Rabideau, who believes that regular side-by-side comparisons of data can serve as an impetus for market real estate transaction momentum.

The Million Dollar Mortgage Brief is a monthly, two-page resource of four key points of loan data: the Top 5 Palm Beach County Residential Transactions; the Top 5 Palm Beach County Commercial Transactions; the Top 10 Residential Lenders; and the Top 10 Commercial Lenders. The data points go back two years, enabling time series data and analysis.

“The Million Dollar Mortgage Brief is designed to respond to the needs of lenders, offering a means to compare how our lenders stack up to one another,” said Rabideau. “This type of data is generally expensive and difficult to obtain. I want lenders to know that our client service extends past the buyers and sellers. We are aware of the people and institutions that help make these major investments happen for our community.”

Insights from the first report reveal, for example, that Bank of America and Wells Fargo topped both the residential and commercial charts in October 2014, with Bank of America making 23 residential loans and 12 commercial loans and Wells Fargo making 9 residential loans and 9 commercial loans.

For the period of October 2014, DB Private Wealth Mortgage handled the largest residential loan of $4.5 million and Goldman Sachs Bank handled the highest commercial transaction loan amount of $343 million.

The data is acquired through a variety of public records and rounded off to the nearest millions.

The Palm Beach County Million Dollar Mortgage Brief is free to obtain and posted to the Rabideau Law web site, www.rabideau-law.com. Also, people may sign up for automatic monthly email delivery from the site. A request may made be made by email to info@rabideau-law.com. To reach the law office call (561) 655-6221.

— End —

About Rabideau Law
Rabideau Law has been serving clients since 2001. The attorneys’ practice focuses on multi-million dollar sales of residential and commercial real estate; large loan transactions; real estate tax appeals; cross-border ownership issues; land use issues; construction contract negotiations; and business transactions. Rabideau Law is one of the few real estate law firms located in the Town of Palm Beach, Florida.

Guy Rabideau