New Commercial Loan/Bridge Loan Product - 05/31/11 09:34 AM
New Financing Program
1.     Non-bank long term bridge program- Nationwide
2.     Loan terms
5-10 years fixed @ 8% to 9.9% 30 year amortizations $500k to $10M 50-60% LTV 6-12 month prepay 3 points cost 3.     Property
Apartment, office, medical office, retail, industrial, assisted living, hospitality Major MSA’a Need 1.20 debt coverage Lower actual occupancy acceptable if it supports 1.20 debt coverage 4.      Borrower
680 FICO Experienced owner with real estate assets  
Where this program can fit:
Borrower has limited liquidity, net worth and personal tax return income Traditional lender using higher cap rate than the market- we recognize the market … (1 comments)

COMMERCIAL LOANS-THE WHO - 05/16/11 09:23 AM
Welcome to the world of commercial mortgages. This is the first part of 3 part series that is written to the individual who is venturing out into the world of commercial investment. It is written to introduce you to some of the differences between residential loans and commercial loans and hopefully help you to be more profitable in your quest for diversifying your income through commercial properties. I will endeavor to teach you the who, what, and why of commercial loans. A big part of your success as a commercial investor is in choosing the right mortgage for the property so … (0 comments)

THE 4 Most Common Commercial Mortgage Mistakes-Mistake 1 - 05/14/11 01:03 PM
Investment (ROI). In buying or selling commercial real estate, the financing can make or break the deal. The best commercial mortgage for you is the one that maximizes your ROI. It seems obvious, but when it comes to shopping for a commercial mortgage it is stunning how little attention to profitability the average investor makes. In fact, I see the same mistakes over and over and often these mistakes lower, or even wipe out, the entire return on the investment. Over the Next 4 weeks I will look at the 4 most common mistakes people make when choosing a commercial mortgage … (0 comments)

Hard/Private Money in New England - 05/09/11 01:37 PM
23 Ventures is a private lending Specialist located in  MA.  We provide fast, flexible financing to builders, developers, and real estate investors throughout New England.  Our borrowers are primarily those in need of closing quickly, and/or those having difficulty obtaining traditional bank financing.   Our type of financing is essential to the construction and real estate investment industry.
Serving MA, RI, NH, Eastern CT and Southern ME
Over 10 years of Professional Service
-Loans from $100,000 and Up -Interest Only -Close in 7 - 10 business days -Rehab Loans -Single Family Construction -Multifamily Construction -Subdivisions -Townhouse developments -Condo Conversions -Bridge Loans -DIP … (2 comments)