commercial mortgages: 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 … (2 comments)
commercial mortgages: 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 mortgages: 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 mortgages: Locked Up in a Broker Daisy Chain - 04/22/08 05:59 PM
What is a Daisy Chain?
I field phone calls from commercial loan brokers all day long discussing the different loan scenarios that come across their desks. Our company advertises in the Scotsman Guide and this generates some “cold” incoming calls.
Frequently, we will get a phone call from a Broker A … (3 comments)
commercial mortgages: 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 mortgages: 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 mortgages: 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 mortgages: 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)
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Over at Peter Pays Paul I posted on how a commercial mortgage lender can add value in the current market.
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