Dax Dickson's (thecommercialfinancestore) Blog

Many agents and buyers have asked "How can I get financing for my investor clients if they want to buy BOARDED & ABANDONED properties in the Twin Cities Metro" and "I know about the FHA 203K program for owner occupants but what can I offer my investors for rehab and construction financing"? My an...

LIST OF ITEMS REQUIRED TO UNDERWRITE A SHOPPING CENTER / INDUSTRIAL OR OFFICE BUILDINGS (The need for items #9-12 will vary according to each situation).     •1.       CURRENT RENT ROLL including: SF of units Lease abstract details such as Escalations, commencement & expirations, add-ons, descrip...

LIST OF ITEMS REQUIRED TO UNDERWRITE A MORTGAGE FOR A MULTI-FAMILY OR MIXED-USE PROPERTY (The need for items #10-13 will vary according to each situation).     •1.       CURRENT RENT ROLL including: Regulated units (controlled, stabilized) Apartment numbers Room/Bathroom Count   •2.       COMPLET...

Almost all lenders are concerned that their money lent is repaid, so underwriting of construction loans usually focuses on how that might occur. In the most basic situation, that of an individual building a home for themselves, a business building a property for business use, or an investor build...

LIST OF ITEMS REQUIRED TO UNDERWRITE A CONSTRUCTION & REHAB MORTGAGE LOAN (Items 1-10 needed immediately.  Items 11-18 needed as we proceed).     •1.       EXECUTIVE SUMMARY OF THE DEVELOPMENT   •2.       CONSTRUCTION BUDGET including hard and soft costs.   •3.       BACKGROUND/BIO ON EACH PARTNE...