Two of the more common reasons for commercial mortgage decline are property value and or concern over net income. As capital sources continue to tighten underwriting standards, borrowers feel the pinch in lower loan to values and higher debt coverage ratios. Transactions that were tight, but doable 3-6 months ago are, in many cases, simply [...]
Filed under: Commercial Second mortgage, commercial loan, commercial mortgage refinance | Tagged: commercial bank turn down, commercial mortgage decline, commercial mortgage turn down | Leave a Comment »
