houston: Bridge Loan Success - A Bridge To Far? Not This Time! - 02/09/16 01:23 AM
This is a Bridge Loan Success. This borrower had a real struggle.  He had invested tons of money in his project, capital was drying up and he needed a quick solution, here's how it all went down.
A Bridge (loan) to Far? Not this Time!
Everyone knows the old WWII story about the raid led by the British to try and gain a foothold in Europe and break the German supply lines.  The raid, dubbed Operation Market Garden, was doomed from the start.  Poor planning, a lack of experience by the planners and imporoper insight into the resources needed to accomplish the … (0 comments)

houston: The Bridge Loan with 80% LTV... Possible! - 01/19/16 06:07 AM
The Impossible Bridge Loan
It is a much sought after bridge loan but is often elusive.  A bridge loan with a loan to value ratio (LTV) of up to 80%!  While some believe it is impossible, it is not. 
The majority of bridge loans in the market today have a cap of 65% LTV.  Some lenders will go as high as 75% but only on those cherry deals in prime markets.  However, recently certain bridge lenders have had an epiphany of sorts.
With the large banks still vacant in the commercial real estate lending space, these large bridge lenders have begun to originate GSE … (0 comments)

houston: Multifamily Residential Financing in 2016 - 01/12/16 12:27 AM
Multifamily Residential Financing
It's a new year and the market for multifamily residential is hot.  Yardi reports in the Yardi Multifamily Rents Matrix for 2016 that multifamily rents in 2015 grew by 6.4%!  This is good news for the industry.  This equates to a 190 basis point increase over 2014 numbers and crushes the long-term average of 2.8%.
So how will this affect multifamily residential financing, we think the answer is; positively!  Interest rates are still very low, hovering around 4%.  We are starting to see LTV's creep up as continued rising rents take pressure off of risk.
Multifamily residential financing for refinance to a … (0 comments)

houston: Hotel Loans & The SBA Loan - 09/18/15 05:47 AM
Hotel Loans & SBA Loans
Many in the hospitality industry are seeking hotel loans for their next project and tend completely overlylook the advantage of SBA loans.  Small business loans from the Small Business Administration are an excellent resource for funding your smaller hospitality investments.
With the ability to fund hotel loans up to $5 million and as high as 90% in some cases, a hotel loan using SBA guidelines is the perfect choice for many projects.  To find out how easy it is to qualify for a hotel loan using SBA loan guidelines give the experts at Dividend America Commercial Lending a … (0 comments)

houston: Multifamily Financing - Low Rates, Longer Terms - 09/14/15 09:34 AM
Multifamily Financing with lower rates and longer terms are available for Small Balance loans.  In the past, most multifamily financing that included longer terms and low rates were reserved for larger loans, usually loans over $10 million.  Now, multifamily financing with loan amounts from $1 million to $5 million is easy to obtain.
Multifamily Financing - Non-recourse!
These non-recourse, long-term, low rate loans can have fixed periods from 5-10 years with rates below 4%!  That's right, they are also non-recourse!  The multifamily residential housing industry has been clamoring for this multifamily finacing prorgram and finally, it is available.
Helping both smaller investors and institutional investors alike, this small … (0 comments)

houston: Hotel Loans - 09/04/15 03:59 AM
Need Hotel Financing? Hotel Loans
Hotel loans for all types of projects are available with fairly simple terms.  With 80% LTV (loan to value) hotel loans, investor get the most aggressive loan terms with amortizations of up to 30 years and rates below 6% in most cases.
Today, hotel loans are available for acquisition, for refinance ... even with cash out to perform a PIP ... or, beilieve it or not, for construction.  As mentioned above, acquisition loans can go as high as 80% LTV and with some of our equity parnters deals can be structured as high as 90% with strong deals … (0 comments)

houston: Commercial Loans - Multifamily - 09/01/15 12:26 PM

Commercial Loans for Multifamily Housing and Apartment Buildings
Commercial loans for multifamily housing and apartment buildings are becoming more prevalent and easier to qualify for as the housing market tightens and rents continue to rise.  Recent trend data still shows a housing shortage and tight residential lending criteria continue to force more of the population into rental units.
Recent changes from Freddie Mac and Fannie Mae have opened up commercial loans in the small balance loan category for multifamily and apartment communities.  From bridge loans to standard conventional commercial loans, commercial real estate investors are finding the door to commercial loans for multifamily and apartments is getting easier.
Commercial … (0 comments)

houston: Bridge Loan - Multifamily Financing Facts - 08/24/15 03:46 AM
Bridge Loan Facts - Multifamily Financing
The bridge loan facts are the bridge loan facts and the fact is that in order to buy unstabilized apartment complexes or to buy down debt on a multifamily development you have to use a bridge loan.  We hear all the stories about brokers telling borrowers that they can get 7% bridge loan rates, 6% bridge loan rates and now even 5% rates that are interest only with up to 80% LTV to purchase distressed assets or to buy out their debt at a discount.
The simple truth is that in most cases these are lies told by brokers … (0 comments)

houston: Bridge Loan - Apartment & Multifamily - 08/20/15 06:43 AM
Bridge Loan - Apartment & Multifamily Repositioning
Bridge loan lending can be a complex world filled with unscrupulous players charging high upfront fees and not delivering at the closing table.  Today there are rumored to be bridge loans for apartment buildings and multifamily development repositioning projects with rates in the 8-10% range. 
The reality is that a bridge loan with these rates are typically reserved for deals in the Top 5 major markets and for properties that have a loan to value of less than 50%.  Essentially, these deals represent little to no risk to the bridge loan investor. 
Quality Bridge Loan Investors (Lenders)
Quality bridge … (0 comments)

houston: Bridge Loans for Commercial Real Estate - 07/01/15 02:37 AM
Bridge Loans for Commercial Real Estate - Acquisition & Rehab to 100% of Cost
Sound to good to be true?  Maybe it is and maybe it isn't, the devil is always in the details.   There are a lot of bridge lenders (... and pretenders ...) touting their bridge loan product with "100% of rehab cost" included.  Many brokers and borrowers are reading into this, thinking that the loan is a 100% LTV, however, closer examination reveals something entirely different.
Bridge loans for commercial real estate acquisition and rehab are coming back into the market at a very rapid pace and that is a … (0 comments)

houston: Multifamily Financing - FHA/HUD vs Freddie Mac - 06/13/15 05:18 AM
Multifamily Financing - FHA & HUD Programs
FHA and HUD have some fantastic programs to finance multifamily residential properties.  On the positive side they rates that can be sub 4% in some cases.  They also fix those rates for the entire term of 35 years!  That is amazing but it gets better, multifamily residential investors can get LTV (loan to value) ratios as high as 90%.  That's a low down payment of only 10% of the overall cost.
With all these great terms comes a serious downside.  The multifamily residential investor must commit the development to various types of rental assistance programs and in … (0 comments)

houston: Bridge Loans & Commercial Real Estate Investment - 06/08/15 02:46 AM
Bridge Loans & CREI
Bridge loans are a necessary financial tool for any commercial real estate investment enterprise.  Often times commercial real estate investor frown upon the use of bridge loans.  The common complaint is the 'cost of the money' being to high.
However, when the cost of losing a transaction is calculated, all of the sudden a loan with a higher, interest-only, interest rate doesn't look so bad.  The point here is not to argue whether interest rates on bridge loans are high, we all can agree that they are some of the highest in the market today.  The problem is the … (0 comments)

houston: Apartment Bridge Loans - Bridge Lending for Multifamily - 06/06/15 05:48 AM
Apartment Bridge Loans = Bridge Loans for Multifamily
Whether its a bridge loan for an apartment building purchase or a bridge loan for multifamily residential development re-positioning, most bridge loans take on the same characteristics.   When one thinks about bridge loans they should be thinking of a short term loan that helps them span a gap.
The gap can be simply from distressed asset purchase to stabilization or the bridge loan may be used for a quick close until some more patient money with better terms can be put in place.  Regardless of how one uses an apartment bridge loan or deploys bridge lending for multifamily … (0 comments)

houston: Multifamily Financing and Apartment Loan Lenders - 06/04/15 07:48 AM
Multifamily Financing for Apartment Buildings and Apartment Complexes
Multifamily financing and apartment loans are confusing terms and many commercial real estate investors don't understand the difference between the two terms.  The dirty little secret is this... there is really  no difference!
If there is no difference between the basic apartment loan and standard multifamily financing then why do the two terms exist.  The terms exist because many real estate investors 'self-identify' in certain ways and multifamily financing and apartment loan lenders want to capture all those investors in need of a loan.
In general, those commercial real estate investors that invest in large and … (0 comments)

houston: Multifamily Financing - The Slow No or A Quick Yes - How To Refinance - 06/02/15 07:05 AM
Multifamily Financing Do's & Don'ts of Refinance
Multifamily financing today is a hot commodity and it has gotten even hotter recently with the addition of certain programs that allow for the refinancing at rates as low as 2.875%!  But many refinances will fail for lack of knowledge or lack of preparation.
What should a real estate investor do when considering refinancing an apartment loan or multifamily financing?  The first step is understanding today's underwriter and the mentality that goes into the underwriting process.  No longer is it enough for the numbers to work... today's underwriters are looking for good partners.
Here is an excerpt from a recent underwriter guideline … (0 comments)

houston: Apartment Loans - Small Balance Loans - 05/28/15 08:16 AM
Searching for apartment loans in the small balance loan category?  First understand the definition and what constitutes a small balance loan? 
Apartment loans and multifamily financing for loans less than $5 million has been difficult in recent years, especially those apartment loans with exceptionally low rates and competitive overall terms.  That has now changed!
Multifamily financing and small balance apartment loans are now an aggressive loan financing category with lenders fighting for the business.  Rates can be as low as 2.875% with fixed periods of up to 10 years, add to that a long amortization period and the newly minted small balance apartment loans become … (0 comments)

houston: Apartment Loans - Acquisition & Refinance - 05/26/15 05:12 AM
Apartment Loans - Acquisition
Apartment loans for acquisitions of additional apartment buildings are available and funding in the small balance loan space is aggressive.  Those commercial real estate investors who are acquiring apartment buildings and apartment complexes in the $1 million to $5 million range can now find easier qualification and more choices.
With loan to value ratios reaching 80% and loans with fixed terms up to 10 years and amortization periods of 25 years, these new apartment loans for acquisition of additional doors are helping real estate investors grow their portfolios in the B/C apartment building and apartment complex space.
Apartment Loans - Refinance
Additionally, … (0 comments)

houston: Physician Loans with Fast Closings - 05/25/15 06:09 AM
Physician Loans - Fast Closing & Easy Qualification
Physician loans with fast closings and easy qualification for doctors who have some credit challenges are easy to obtain through FastLoans.capital and their fast closing Physician Loans program.  This physician loan is designed to allow doctors to borrower up to $250,000 to take care of immediate physician practice financial needs.
Consolidate debt, buy new equipment or expand an existing physician practice with this fast closing, easy qualifying physician loan.  Some doctors use this financing to consolidate debt in order to improve their credit scores and quickly eliminate debt so that they can focus on correcting … (0 comments)

houston: Gas Station Loans up to $250,000 - 05/23/15 07:26 AM
Gas Station Loans!
Gas station loans are hard to come by these days.  With government regulations on the banking industry, environmental concerns and the tightening rules of SBA, it has been very hard for gas station operators and gas station/c-store business owners to locate the gas station loans and working capital they need to thrive.
Gas station loans up to $250,000 are now available with easy qualification and fast closings.  Money can be wired in as little as 72 hours in some cases with approvals as quickly as 48 hours!  The pre-qualification application is simple and easy to fill out.
Pre-qaul for Gas Station Loans
The … (0 comments)

houston: Multifamily Loans Refinance - Unbelievably Low Rates - 05/18/15 01:06 PM
Multifamily Loans Refinance - The Lowest Rates
Believe it or not, the lowest rates on the refinance of multifamily loans these days is not coming from the major banks!  More and more often smaller firms with lower overhead and connections to entrepreneurial lending platforms are providing the lowest interest rates on the refinance of multifamily loans.
With rates dipping below 3% (for the best rate term deals having low LTV's) some commercial real estate investors are getting their multifamily loans refinanced with rates as low as 2.875%!  Now, to be sure, that's not everybody, but even the toughest deals are receiving offers in the mid … (0 comments)