commercial mortgage: Adding Value in a Down Market - 01/27/09 02:28 PM
Over at Peter Pays Paul I posted on how a commercial mortgage lender can add value in the current market.
Here is a snippet of whaty I wrote:
In the current market brokers are having more difficulty providing these items of value. LTVs have decreased, rates have gone up, and many banks are only lending to existing customers.
How does a broker survive and add value in this market?
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commercial mortgage: How to Write an Executive Summary for a Commercial Mortgage - 05/19/08 03:07 PM
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 speaks to the quality of the borrower and the value of the project. The goal of well written loan summary is to give the underwriter enough information to understand the commercial loan and to determine if the loan will fit within the lender’s lending guidelines.
Below are items that should be included in a well written and complete executive summary.
Salient Facts Lenders want to know the details of the commercial … (4 comments)
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commercial mortgage: 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 I am a frugal person ("Cheap Smack" is the technical term) I decided to fix the problem myself. I called a relative to borrow their plumber's snake and clean out the plugged drain. Two hours later, I had unstopped the drain and had a functioning sink. However, had the sink … (0 comments)
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