The positive side to this is that you are going into 2009 most likely much leaner, much tougher, and hopefully a lot smarter and the odds are that you will do a lot better in 2009 than you did in 2008.
Use this holiday time to create a good game plan to build your purchase business next year. Begin to execute today a strategy that will bring you consistent purchase business next year.
This is what smart Commercial Loan Officers do, they take advantage of short term opportunities while keeping an eye on the long term strategies and moving them forward.
This is a time full of opportunities, the Fed has lowered rates and they will probably stay this way for quite a while. It's a good time to purchase or refinance businesses. Attack your own data base and begin calling those past customers to let them know about this market window.
Here are a few tools at your disposal with USLC to help you "close" your loans:
* Hotels = full doc. = 65% LTV with 700 fico and stated documentation = 55% LTV with 680 fico. No construction
* Mobile Home Parks - pad rentals and only if the property debt services well
* Restaurants = stated with 680 fico up to 55% LTV; and full doc with 680 fico up to 65% LTV
* Used car lots & Auto repair = based on value of "property" and not land value
* Church or any house of worship = NO personal guarantees and up to 100% financing
* Multi family = 85% occupancy required and 1.2 DSCR +
* Gas stations = rural areas only
It is as easy as calling 813-413-9117 ext. 105 and running the deal by Jim Blackburn to get going. YOU CAN DO IT, WE CAN HELP!
Good health and good luck!
Ray Piel
USLendingCentre.com
If it does not fit our lending criteria, we will not waste your time.
US Lending Centre
“Your Trusted Commercial Lender”
www.USLendingCentre.com
(813) 413-9117
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