ARCHIVED BLOG POSTS
2010
Residential and Commercial Hard Money-Massachusetts Only. We have established a working relationship with a group that can fund residential and commercial hard money in Massachusetts. They are interested in small balance commercial and fix and flips on residential. The property types range form...
11/30/2010
Yield Maintenance is a prepayment penalty that, in the event the borrower pays off a loan before maturity, allows the lender to attain the same yield as if the borrower had made all scheduled mortgage payments until maturity. Yield maintenance premiums are designed to make lenders indifferent to...
11/27/2010
How to Write a Commercial Loan Executive Summary When I am reviewing a loan file one of the first things I look at and look for is the executive summary or loan summary. A well written executive summary shows the quality of the borrower and the value of the project. The goal of well written loan...
11/24/2010
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Where: Washington Type: We are continuing to close these types of loans daily with loan sizes now averaging over $100K. We handle everything to roll your IRA over into a totally controlled LLC or trust that allows YOU to invest your money without tax ramifications into your own business or R...
11/11/2010
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We have jumbo mortgage rates at 3.875% on a 7/1 arm.Loan amountsup to 850K is 75% LTVto 1.5 Mil is 70% LTVto 2 Mill is 65% LTVto 2.5 Mill and above is 55% LTV
11/04/2010
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Industries Medical doctors, pharmacies, dentists, veterinarians Loan Purpose Purchase office condo; finish construction, machinery and equipment, fixtures, furniture, inventory and other business assets. Working capital Loan amount SBA 7(a) $250,000 to $5,000,000 Time to close Closing within 45-...
11/03/2010
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Where? Portland, Ore Type: The local bank was calling the note due and other lenders did not want to give the business owner the value of the 3 extra unused acres behind the building. We used his existing appraisal and got him done to 80% Loan To Value! When faced with a bank telling you no, b...
11/02/2010
Rainmaker
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84,889
Christopher Hills
Managing Dir. Lending