commercial real estate: Florida Commercial Mortgage | An Anthology of Posts... - 08/29/07 01:55 PM
For those of you interested in, practicing, or investing in Commercial Real Estate in Florida or the rest of the United States, here are some posts that might help you understand more about the industry and how it affects both the owner occupant and the investor as well as the Realtors and the Mortgage Brokers that work in the industry.
Enjoy!
Florida Commercial Mortgage | Investment Formula - Debt Service Coverage Ratio August 28th, 2007 DEBT SERVICE COVERAGE RATIO or DSCR What is it?
Who came up with this?
Why do we need to know another math equation?
How can it save a deal? … (6 comments)
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commercial real estate: Florida Mortgage | Commercial & Small Business Loan - 08/25/07 04:22 PM
Commercial Mortgages for Small Businesses are notably different than Residential Mortgages. Commercial Mortgages are based on three main criteria but there are many variables that can make those criteria flex based on the lender and their goals. Yes... the Lender's goals.
In Residential Finance, my goal is to take the borrower's unique needs and match one of the thousands of Loan Programs from the hundreds of lenders to those unique needs.
Commercial Mortgages are a little more complicated for the Lender and the Mortgage Broker. Each lender prefers a different type of borrower, property and situation. This means that much of … (10 comments)
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commercial real estate: Small Balance Commercial Loans: How Low can you go? - 05/11/07 05:07 PM
How low can you go? How low SHOULD you go??
So this buyer called me the other day
Buyer - I am interested in buying a 1000 square foot office/warehouse condo in Hollywood, Florida. I was given your name by the listing agent who said you can help me.
Me - Great! That I can do! Let me ask you, how much did you want to put down on that property?
Buyer - I don't want to spend any of my own money...
Me - oookkkk... well in residential lending, I can get you 100% plus closing costs, but commercial lenders require a minimum down payment. The … (1 comments)
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