Commercial Lenders are still in the business of commercial loans

By
Mortgage and Lending with AMERICAN CASH SOLUTIONS INC

It is inaccurate when media says there is no money...most hard money comes from private money, not Wall Street.

One of my lenders received a $50,000,000 credit line from a publicly traded bankt hat has beena round since the 1800s. 

I have a lender that is working on my customer's request for $15 million to build homes, mixed use and commercial.  This lendr is calling me to schedule the conference call.  Media says businesses aren't receiving calls back...that is true but for commercial real estate..that is not the case.

Wall Street did not go crazy with regards to commercial.  Sure some did..but most didn't.   Most want 20% or more for downpayment with the exception of construction after value.  Commercial properties have less risk when more than one tenant exist.  On the residential side for a single family unit all the risk is in the wage earner or reliance on a self employed statement of income.

Real Estate is still the leading cause of millionaires across the country!

Charles Hennebeul

Owner

American Cash Solutions Inc

http://www.mybuildingfunds.com

631-368-2219

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Rainmaker
695,496
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Charles, I like your sign-off: Real Estate is still the leading cause of millionaires across the country!

Did you write it or did you find it somewhere?

Bill Roberts

Oct 10, 2008 10:42 AM #1
Rainmaker
695,496
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Charles, I like your sign-off: Real Estate is still the leading cause of millionaires across the country!

Did you write it or did you find it somewhere?

Bill Roberts

Oct 10, 2008 10:42 AM #2
Anonymous
James H. Snooks

Charles, Keep Polly  Creek in mind. It is a good investment for someone who has hard money to invest. At $3,500,000 (285 acres at approx. 12,280 per acre}, full planning approved. it is 50$ lower than other properties sold for two years ago.

Oct 18, 2008 04:04 AM #3
Rainer
24,923
Charles G. Hennebeul
AMERICAN CASH SOLUTIONS INC - Melville, NY

Bill-you know I think I have heard this over and over it is imprinted in my brain.....real estate is for everyone.....if you are ina wheel chair, a minority, and yes..for women their is less of a glass ceiling in real estate.  Look at all the millionaires you know...at least one of them is involved in real estate!

Oct 27, 2008 07:58 AM #4
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Rainer
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Charles G. Hennebeul

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