commercial loans: Questions to Ask a Commercial Lender - 01/17/09 01:03 PM
Head over to Peter Pays Paul to read my newest post Nine Questions to Ask a Commercial Lender.
My post details what questions should be asked when trying to understand the lending programs that a commercial lender has.
Commercial mortgage brokers would do well to take 15 minutes to get acquainted … (1 comments)
commercial loans: Affect of Vacancy and Rental Rates on Commercial Real Estate Value - 11/18/08 05:40 PM
Imagine that little retail center near your house.You know the one.
It has your favorite coffee shop, the weird home decor shop, a woman’s clothing boutique, the nail shop, and the national auto parts store.
Over the years you’ve seen the stores change. Different shop owners have come and gone. … (0 comments)
commercial loans: Is it a Development Loan or a Construction Loan? - 07/09/08 07:17 PM
Part of my job is to take incoming cold calls. We advertise in a commercial lending industry magazine that generates a good deal of call traffic.
On a regular basis I get requests for “construction” loans. After asking some questions to determine the nature of the loan, I usually find … (1 comments)
commercial loans: When Hard Money Pays - 04/09/08 07:03 PM
It is not often that borrowers enjoy using a hard money lender to finance their projects. However situations do arise that demand the services of a commercial hard money lender. Let me illustrate this point with a story. A few nights ago, one of the sinks in our house was plugged. Because … (0 comments)
commercial loans: Story Lenders: What's your story? - 01/17/08 06:28 PM
As a commercial hard money lender I have to be good listener. The reason is that everyone has a story to tell about their need for money. Some stories are better than others. What should you include in your story? Introduction A good literary story introduces you to the characters, the … (0 comments)
commercial loans: Commercial Hard Money Construction Loans - 01/02/08 06:15 PM
I get at least one phone call a day requesting construction financing. (Owens Financial Group does fund commercial construction projects on a limited basis.) Underwriting a construction loan is handled differently than a typical commercial loan.
Lenders desire to know that a developer has enough money invested in the project to … (0 comments)
commercial loans: Hard Money Hints - 12/27/07 06:13 PM
Not many mortgage brokers live consistently in the world of hard money. It is a subject despised by some and feared by others. When I call on brokers for the first time, many of them report, “We don’t do that here.”
I believe commercial mortgage brokers, often times, don’t understand … (3 comments)
commercial loans: Commercial Income Property Valuation - 10/30/07 02:57 PM
Commercial real estate is a great addition to the savvy real estate investor’s portfolio. One of my previous employers said that he would only invest in commercial real estate and not in residential. He reasoned that commercial real estate that housed a business would always be better maintained than a leased … (1 comments)
commercial loans: Underwriting a Commercial Loan - 10/23/07 02:00 PM
How Commercial Mortgages are Underwritten
Commercial mortgages are underwritten differently than residential loans, hence the loan package needs to be assembled in a different fashion. When dealing with improved commercial real estate the property's net income is the most important factor in underwriting the loan.
Debt Service Ratio
The property's … (3 comments)
commercial loans: Commercial Hard Money Loans an Explanation - 10/19/07 06:36 PM
Most commercial real estate agents don't consider the need to have a source for hard money. Owners and investors in commercial real estate are often well capitalized and have a bank relationship that allows them to finance commercial property with ease. Because of this,commercial REALTORS® do not have a consistent need … (1 comments)
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Head over to Peter Pays Paul to read my newest post Nine Questions to Ask a Commercial Lender.
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