Commercial Stated Income Loans vs. Commercial Hard Money

Many borrowers that have “hair” on their potential comercial loan are forced to look at either the commercial stated income loan or the commercial hard money loan.  Although both loans fit within the commercial  “subprime” category both fill different niches.  Neither option is ideal for the borrowerhowever, but they can be a viable option for borrowers that have been [...]

Commercial Stated Income Loans – Good and Bad

Commercial stated income loans can be a viable loan option for owners that have had difficulty being approved by typical banks.  As the name implies, these commercial loans require less documentation than normal, giving the borrower the opportunity to “state” their personal and business income.  For many borrowers that have a cash component (restaurants, automotive [...]

Commercial Second Mortgage or Commercial Equity Line of Credit?

Commercial real estate investors often ask which is the more appropriate loan for their situation, the commercial equity line of credit  or the commercial second mortgage.  Both of these loans sit in second lien position behind any existing first commercial mortgage, enabling investors (or business owners) to unlock equity and use those proceeds for other [...]