commercial real estate: Introducing the The Private Money Group - 04/23/19 10:41 AM

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commercial real estate: Why use a broker for your next commercial loan? - 06/05/18 02:03 PM

If you have ever thought about financing a commercial real estate property, the thought of using a commercial mortgage broker may never have crossed your mind. However, it is something you should consider. Commercial mortgage brokers based are not more expensive to use a than a traditional lender.
How many lenders do the borrower engage with during a typical year? Most borrowers only do one maybe two transactions every few years, unless you are a professional investor. A good commercial loan broker does multiple transactions a month, do they know what is in the marketplace at any giving time. There are many moving … (0 comments)

commercial real estate: 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 … (0 comments)

commercial real estate: 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 real estate: 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 real estate: 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 real estate: 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 real estate: 30-Year Fixed-Rate Rental Loans starting at 5.99% - 05/10/18 12:51 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 real estate: 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 real estate: 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 real estate: 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 real estate: New Commercial Loan/Bridge Loan Product - 05/31/11 02:34 AM
New Financing Program
1.     Non-bank long term bridge program- Nationwide
2.     Loan terms
5-10 years fixed @ 8% to 9.9% 30 year amortizations $500k to $10M 50-60% LTV 6-12 month prepay 3 points cost 3.     Property
Apartment, office, medical office, retail, industrial, assisted living, hospitality Major MSA’a Need 1.20 debt coverage Lower actual occupancy acceptable if it supports 1.20 debt coverage 4.      Borrower
680 FICO Experienced owner with real estate assets  
Where this program can fit:
Borrower has limited liquidity, net worth and personal tax return income Traditional lender using higher cap rate than the market- we recognize the market … (1 comments)

commercial real estate: $2,500,000 Discounted Note Purchase - 10/07/10 01:47 AM
Where?:  Jacksonville, FL
Type: This financing was facilitated on an Investment Retail property in FL anchored by a Comp USA.  As so often happens, the existing bank wanted out to get it off their books and was willing to discount the note for speed.  We were able to close it without ordering a new appraisal which saved a ton of time.  When deals need to happen, we are the only number you need to call

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commercial real estate: $1,950,000 Apartment Bridge Loan-closed in under 3 weeks! - 09/24/10 03:06 AM

Where? Memphis, TN
Type:  This w
as a bridge loan on the purchase of an apartment complex that did not have the necessary occupancy to get a normal loan and the client wanted to close quick.  From the time the client signed our term sheet to the closing was a whopping 18 days! NOT business days, actual calender days! Bridge loans are a great alternative when you need speed and flexibility.  We have the best hard money and bridge loan sources in the country.  Call us TODAY and get your loan closed quick.
 
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commercial real estate: 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 real estate: Real Estate - Record Low Mortgage Rates Do Little for US Demand - CNBC - 08/11/10 04:22 AM
Real Estate - Record Low Mortgage Rates Do Little for US Demand - CNBC.
This is amazing that low interest rate have not helped the market get moving again.  The lenders need to step up to the plate and start help more people restructure their mortgages.  This is getting insane.  Most lenders take a bath at auction, so why not work with their clients, many of which are good people in a bad time

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commercial real estate: Commercial Real Estate Loans-The 5 C's - 08/11/10 01:09 AM
 
We are situational lenders/Broker. Every deal is different. We are able to make exceptions on a lot of deals. It's difficult to say how we underwrite our deals. Basically you can try to look at the 5 C's on each deal. 1. Credit - How is the credit of the borrower(s)2. Cash Flow - What is the cash flow like if it is an investment property (tenants)3. Character - How is the character of the borrower(s)? Does he pay his debts?4. Collateral - How is the property? Is it in good condition? Is there any equity in the property?5. Capacity … (1 comments)

commercial real estate: Commercial Real Estate-Multi Family loans - 08/10/10 01:06 AM
 
Highlights of our Fannie Mae Small Loan Program
 
 
80 % LTV on purchase & rate term refinance 75 % LTV on cash out refinance 5 ,7, 10, 15, 18 & 30 year fixed terms w/ 30 yr amortization 1.25 DSCR Non recourse is available in most markers No replacement reserves  escrows required Commercial  
 
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commercial real estate: Stated Income Commercial Loans - 08/09/10 06:12 AM
We STATED INCOME Commercial Loans.  Please see the items below to see if you deal fits.
 
$30,000 to $500,000 Loan amounts RESTAURANTS, BARS, PIZZA SHOPS, HAIR SALONS, HOTEL/MOTEL, MIXED USE, RETAIL, STRIP MALLS, OFFICE CONDOS, and MORE" 70LTV MAX Purchase or Refi Cash Flowing 600 Credit 9-12% rates 25 YEAR AMORTIZATION!!!!!!!!!!!!!!!!!!!! ARMs Available 5,4,3,2,1 Pre pays CLOSE IN 20 days!!!!! 

I usually need the following items to look at a commercial deal.
 
1. Completed In-vision submission form
2. Completed 1003 or a personal financial statement on the borrower(s)
3. Tri Merge Credit Report on the borrower(s)
4. … (0 comments)

commercial real estate: Commercial Real Estate- When to Use A Self Directed IRA - 08/03/10 07:25 AM
The owner of the IRA sold real estate to their IRA.The IRA owner sold stock to the IRA.The IRA owner purchased stock from the IRA.The IRA owner purchased real estate from the IRA.Another great client example: Not only was the owner allowed topurchase real estate from their IRA, they were allowed to have theirIRA carry back the mortgage on the property. Our clients Hate paying interest to the bank. In this example, the IRAowner was allowed to have their IRA purchase the mortgage on theirhome. Now instead of having to write a check out to the bank eachmonth, they write a … (1 comments)

 
Christopher Hills, Managing Dir.  Lending Rainmaker large

Christopher Hills

Managing Dir. Lending

North Andover, MA

More about me…

Address: 733 Turnpike Street, North Andover, MA, 01845

Office: 978-226-1411

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