Commercial real estate is expected to take a big hit over the next 2-3 years. Many commercial properties need to be refinanced. This large wave of commercial refinance may result in a large number of foreclosures affecting values.
A large number of retail centers,hotels and more were built along side the housing boom and are unable to get refinanced out of their construction loan by conventional banks.
We have already seen a drop in certain parts of the country and commercial lenders have really pulled back on what they will refinance.
Do not wait until it is too late. Are you faced with any of the following.
Current lender calling the note
Facing foreclosure.
Credit issues
Need to finish your project
Lack of cash flow
Behind on payments
Just to mention a few. We can help. We work we sources other than regular banks allowing us to still offer options. We offer loans to get you thru your current situation. Permanent financing is the long term goal.
LTV is dependent on location and property type
Stated income Ok
All credit levels welcomed
All property types considered
All stages of construction considered
POINTS OR FEE'S FROM US!!!
What do you need to get started?
Call us 916-847-7212 or text me using the box to the right
Unusual Commercial Loans Connected
One form multiple sources
ARE YOU A RESIDENTIAL MORTGAGE BROKER WE CAN HELP.
This is something that some of my clients can use. Thanks for the blog.
Regards,
Kenneth Young