loan: Apartment Mortgage Loan Financing
- 10/04/09 01:21 PM
Here in the Minneapolis and St Paul Metro area community and national banks love apartment buildings and they consider them a great asset. What you have been hearing on the news, "With the current credit crisis there is no money to lend" is not true. For those experienced investors there is an abundance of money to lend to qualified, experienced real estate investors. If you need: - Refinance loans on currently owned apartment buildings - Construction financing to either build new or rehab existing apartment buildings - Purchase mortgage to buy a cash flowing apartment building In the Minneapolis or St … (1 comments)
loan: New Team Member
- 09/27/09 05:21 AM
I am proud to Present Tim Jochim as the newest member of The Commercial Finance Store! Tim comes to us with years of finance experience. He will be taking over the Rehab Construction Financing and Consulting. Below is the program Tim is now in charge of. LIST OF ITEMS REQUIRED TO UNDERWRITE A REHAB CONSTRUCTION LOAN Required Documentation: - A PERSONAL FINANCIAL STATEMENT (PFS) FOR EACH PARTNER with an interest of 20% or more. - BANK STATEMENTS and ASSET STATEMENTS for any and all accounts listed on the PFS - LAST 3 YEARS' TAX RETURNS (business & personal) for each partner … (1 comments)
loan: Commercial Rehab Construction Loans for Minneapolis REO Rehab Investors
- 09/13/09 04:56 AM
Rehab Loans are a great way to buy investment reo properties in the Minneapolis and St Paul Metro area.How they work:Purchase + Construction costs = XRehab loans require a 20% down payment of XThis means that 80% of all costs are financedThese loans do require proof of repayment and credit scores of a 620 FICO or betterMany investors and agents do not qualify for the most populiar rehab loan called the FHA 203K. It is a common mistake made that people think the only way to buy these great bank owned properties is cash if they can not get the FHA … (1 comments)
FNMA, Freddie Mac, FHA/HUD and USDA guaranteed debt financing is available for Multi-family market rate and affordable housing and senior rental projects. Retail elements in mixed use projects may be eligible in some cases. Construction/permanent loans are available from FHA/HUD and USDA.
Small and Rural hospital financing is available under FHA Section 242 programs, as is enhanced and unenhanced bond financing.
Rates are presently highly competitive. Loan to value ratios range from 75% to 90%, depending upon the agency. FHA/HUD, FNMA and Freddie Mac have non-recourse features.
Documentation Required for Application … (1 comments)
Learn from the most experienced REO group in the Twin Cities (500+ transactions in 2008) Learn:
•· Why it matters to work with the Agents that work with the Banks •· The Do's and Don'ts of Rehab construction •· How to meet your short and long term real estate goals •· How to take advantage of purchasing bank-owned properties
Location and Date: June 27, 2009 9:30 AM -11:00 AM Edina 5201 Eden AvenueSuite 100Edina, MN 55436 There is limited space available Please visit … (3 comments)
loan: Twin Cities MN REO Rehab Boot Camps!!!
- 06/03/09 11:36 AM
Twin Cities MN REO Boot Camps Rehab Investors --- Rehab Investors --- Rehab InvestorsBuying or looking to buy REO Bank Foreclosures to Rehab in the Minneapolis / St Paul, MN Metro area need to check out the Twin Cities MN REO Boot Camps!!!What you will learn:- Why work with an asset management real estate team and what an asset management team means to you * Presented by top REO Assets Management Team members- What GREAT Investor Rehab Mortgage Loans are available for purchasing REO Rehab Bank Foreclosures here in the Minneapolis / St Paul, MN Metro area* Presented by Dax … (0 comments)
Here in the Minneapolis and St Paul Metro area community and national banks love apartment buildings and they consider them a great asset. What you have been hearing on the news, "With the current credit crisis there is no money to lend" is not true. For those experienced investors there is an abundance of money to lend to qualified, experienced real estate investors.;)
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