Commercial Second Mortgage (Second Lien Position)

Commercial Second Mortgage (Second Lien Position)Commercial second mortgages have historically been a very rare financing tool reserved for extremely strong borrowers, divided into two general segments.  1.  Owner occupant property owners with outstanding business finances.  2. Large sophisticated commercial real estate developments with minimum loan amounts beginning at $5 million.  Typical project size would be [...]

Commercial Real Estate Investors Need to Examine New Commercial Second Mortgage.

Commercial real estate investors that are involved in renovation projects and or actively seeking new acquisitions should take a hard look at the new commercial second mortgages that have become available.  This comercial loan program can create a significant amount of liquidity in investor’s existing commercial equity. Equity th at was previously dormant can now be [...]

Commercial Banker Discusses Typical Loan Scenarios for Private Money Deals.

 
Hard money commercial loans also know as commercial  bridge loans are becoming more prevalent as borrowers enjoy less red tape, quicker closings and more “common sense” underwriting than conventional financing provides.  Typically though, borrowers still relay on this type of financing as an option when conventional sources are not available. 
The increased speed and flexible [...]