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conneticut: UNDERSTANDING COMMERCIAL MORTGAGES-THE WHAT - 06/03/11 08:08 AM
WHAT?
What takes commercial deals so much longer than residential loans to close? Rare is the commercial loan that closes in less than 1 month and the rate for those quick-close deals is much higher. Small commercial loans will usually take 2 months and large commercial loans can take as much as 4-6 months or more! Many factors go into this-the appraisal, the broker themselves, the title, and especially the borrower. Let’s start with an appraisal. It will rarely be ordered before the loan is approved and the borrower has committed. This could be weeks into the deal.Once ordered, an appraisal … (3 comments)

conneticut: 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)

 
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Christopher Hills, Managing Dir. Lending

Hopkinton, MA

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23 Ventures LLC

Address: 197 Main Street, Milford, MA, 01757

Office Phone: (508) 488-9186

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