commercial financing: RENTAL PROPERTY MAINTENANCE TIPS FOR THE BUSY REAL ESTATE INVESTOR - 06/04/18 06:45 AM
If you’re just starting out in the rental property business, you might not have sufficient funds to hire a full-service property management company. That’s why it can be a more cost-effective solution to oversee your rental property maintenance yourself. However, in order to maintain the condition of your rentals, as well as your reputation, it’s critical to be organized and work with reliable maintenance professionals. Otherwise, you risk damaging your property and providing subpar service for your tenants. Keep the following tips in mind:
Determine precisely what rental property maintenance needs to be done
Depending on the type of property, it will usually … (1 comments)

commercial financing: REAL ESTATE COMPS WHEN IT IS TIME TO SELL - 05/22/18 01:50 PM

When selling a property, picking the right price is a make-or-break task that can mean the difference between closing a sale fast and hanging onto an expired listing.
To choose the right price, you’ll need to look at true real estate comps. Real estate comps are short for comparables which are other similar properties investors will use as comparison when determining the sale price for their own property.
Look at Your Real Estate Comps
The first step in picking the right price when selling is looking at your comps. You can use Zillow or a realtor to build a list of comps. Once that’s done, it’s … (0 comments)

commercial financing: HOW PRIVATE MONEY LOANS CAN BENEFIT REAL ESTATE INVESTORS - 05/18/18 07:09 AM
As banks make it increasingly hard to obtain real estate investment loans, investors are turning to private money loans to bridge the gap.
A private money loan comes from a private lending company rather than a bank. The money is often available in days instead of weeks, with less-strict requirements for credit history. Private loans enable cash offers with less hassle. Ultimately, they streamline the real estate investing business, giving investors a powerful tool to act on profit-making opportunities.
What is a Private Money Loan?
A private money loan is a type of financing real estate investors seek for fix-and-flip or long term rental properties. … (0 comments)

commercial financing: How to Budget for Fix and Flip Renovations - 05/15/18 06:08 AM
  The key to making money from flipping houses is to accurately predict how much you’ll spend on rehabbing each property. This allows you to estimate the profit on the projected selling price. However, getting the budget right isn’t easy—especially when you’re new to the business. Here’s how to create an accurate budget for fix and flip renovations.
Pricing out the Work
You can’t calculate a budget for fix and flip renovations until you know exactly what work needs to be done to rehab the property so you can get your desired selling price. Begin by asking a local realtor what … (0 comments)

commercial financing: Important Rental Property Renovations to Remember - 05/15/18 06:04 AM
  Truly essential rental property renovations differ from the ones we’ll make when dealing with a fix-and-flip. When renovating for a rental, we’ll want to move away from wow-factor and instead increase the property’s efficiency and livability.
A good guideline? Renovate to the standard of the neighborhood. Do nearby rentals have fresh paint, minimal landscaping and Corian countertops? Then that’s the zone we’ll want to hit when making renovations. Use the tips below to get the most mileage from your rental property renovations’ budget.
Clean Before You Renovate
Save money on rental property renovations by zeroing in on what’s actually essential. … (0 comments)

commercial financing: 30-Year Fixed-Rate Multi Fmaily Rental Loans - 05/08/18 02:36 PM
30-Year Fixed-Rate Rental Loans starting at 5.99%* and 3, 5, and 7 Year ARMs starting at 5.39%Closings in Weeks Instead of Months 
Our rental loan product provides our customers a reliable source of financing through a simple and efficient online loan process. Our 30-year fixed-rate rental loan product was designed to help savvy investors capitalize on the rapidly growing rental market. With attractive rates and up to 80% loan-to-value (LTV) on fixed-rate loans, these loans are a great way to get cash out from your existing rental properties.  Rental loans begin at $75K and up to $2 million with no personal income verification. *
Get Cash From … (0 comments)

commercial financing: Closing Alert: $700,000 Stated Refi Cash-Out of OH Retail Strip Cent - 05/08/18 09:19 AM
This borrower had a difficult time locating financing since he could not document his personal or property income with tax returns and many lenders are shying away from retail property loans. We are still actively financing retail properties and don't require tax returns for income verification.
We funded this stated income   commercial real estate loan and provided over $170,000 of unrestricted cash-out at   closing. Proceeds also went to pay   off delinquent real estate taxes and address over $190,000 in roof repairs   (we only required an $18,000   roof repair hold-back to close). Even though the borrowers   had 649 and 671   middle FICO … (1 comments)

commercial financing: Don't lose a deal because your local lender said No!! - 05/08/18 05:58 AM
Don't lose a deal because your local lender said No!!
 
Hills Capital, LLC is a full service Commercial Finance Company. We deal with some of the best commercial lenders in the United States. This allows us to provide large bank resources with the personal touch so many of our clients have come to expect. We can handle all SBA, Multi-Family, Fix and Flips, Office, Retail, Office Condo, Bridge Loans, Industrial, Warehouse, Self-Storage, Medical Buildings, and working capital needs. Our ideal client for Commercial Mortgages is a property owner, whether it be an investor or owner occupied in the $250,000 and up
 
80% LTV … (0 comments)

commercial financing: So We Start a New Year - 01/04/11 04:17 AM
With new goals, a new determination to get it right this year, to be better, to be the person we are striving to be.  It has been said that 80% of New Year’s Resolutions are broken by Jan. 2nd.  Sad, isn’t it?
So how does one execute these goals and plans, get them done, in a world that careens at us 90 to nothing?  By time blocking the activities and tasks. To-do lists don’t work to get big picture things accomplished, they are only good for minor tasks.  Big stuff takes time.  You need to block it off.  For example, let’s … (0 comments)

commercial financing: Small Business Bill to Become Law on Monday! - 09/24/10 06:26 AM
On Monday, the President will sign into law HR 5297, the small business bill.  This bill has huge ramifications on commercial lending AND the economy.  Most people don’t realize how big this bill is and the ramifications of it on small business lending.     Right now, I want to talk about execution – what are the nuts and bolts of executing loans around this new bill.  As such I will hit the key provisions and then what we are doing about it.
The key SBA provisions of HR 5297 are noted below:
For 7A:
·         Increase to maximum SBA 7a loan … (5 comments)

commercial financing: We Love Hotel Deals!!!! - 09/23/10 08:12 AM

How often recently have you heard those words?  But we have a new source that actually loves hotels on the SBA 504 loan.
In New Mexico, we are stepping into a $5 Million first mortgage on a hotel that just got completed. AND WITH THE PASSING OF HR5297 AND THE ABILITY TO DO REFINANCES ON THE 504 LOAN, WE COULD DO REFINANCES OF HOTEL LOANS to 80%!  HOW MANY OF THOSE DO YOU COME ACROSS?  Think of the extra revenue this can mean!  The passage of this bill opens up a huge revenue stream at the same time that investor … (0 comments)

commercial financing: A Guide to the SBA 504 Loan Program - 09/23/10 03:09 AM
A Guide to the SBA 504 Loan Program COMPANY OVERVIEW
We are nationwide leader in providing SBA 504 loans to small business owners.  Since the inception of our company In-visions  primary focus has been the origination of small balance commercial real estate loans on owner occupied properties.
HOW CAN SBA 504 LOAN PROCEEDS BE USED?
To purchase and improve commercial and industrial property To cover ALL loan costs To buy and install machinery and equipment QUALIFYING FOR AN SBA 504 LOAN
Since 99% of all U.S. business meet the SBA definition of a small business, chances are excellent that most of … (0 comments)

commercial financing: Commercial Cash Out Loan for $690,000 - 09/23/10 02:38 AM
Where? Ashland, VA
Type:  This was a business that had nice sales but had an estate tax lien that was hampering the company’s growth.  We got them the cash out on their building to pay off the tax lien and with a low conventional 5 year fixed rate.  When your company needs cash, we have the solution whether it is factoring, recievables financing, cash-out on property or a myriad of products we can help your business get access to precious capital.  Call me today at 508-377-5872 x704

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