Entrepreneurs, Major Issues When Shopping For a Commercial Mortgage

Business owners that own a commercial property for their business, and have already been through the process of securing a conventional commercial mortgage, understand the complexity and frustration that is a can be a part of the process.   There are a few major issues that borrowers should be aware of before selecting a bank/ lender, [...]

Business Owners Need to Examine New Commercial 30 Year Fixed Mortgage

Business owner that own their commercial building need to take a hard look at the new commercial 30 year fixed program that has become available. It has some features that set it apart from the typical 5 year fixed, 20 year amortization bank loan.
First of all, as the name implies, this loan, just like [...]

Owner Occupied Commercial Mortgage Refinance

Business owners currently considering a commercial mortgage refinance, will find that  many of the rules have changed.   As the economy and so called credit crisis continue, small balance lenders (loans between $300,000 – $5 mil) are scrambling to reset their guidelines while not denying every loan that comes across their desk.   “Back to basics” seems [...]

Commercial Real Estate Refinance – Current Market Conditions

Current market conditions are for commercial mortgage refinances are, well, odd.  We are seeing a lot of confusion among lenders as to what deal types, loan amounts, commercial loan rates, etc they are now interested to lend on.   Three weeks ago, this was not the case, as guild lines were clearly known and set.  Its [...]

Business Owners, Beware When Shopping For A Commercial Mortgage

Entrepreneurs that have been through the process of purchasing a commercial property for their business, understand the complexity of the process.  Securing financing is just one part of the equation – which in and of itself is cumbersome and borrowers literally have 100’s of loan option to choose from. 
A very common mistake we see [...]

Stated Income Commercial Mortgage – Insanity?

Commercial stated income loans may not require tax returns, but this is not the “wild west” of commercial lending.  There is a solid underwriting formula behind this comercial loan.

The decision to fund is not just based on credit scores and what the borrower states their income as, but rather what the lender believes the property [...]

Commercial Mortgage Brokers – What Are They Good For?

Commercial mortgage brokers should save their clients time, aggravation and of course money.  The bottom line is that the brokers experience and expertise should be valuable for the borrower, who may have little knowledge of this often complex and daunting process of closing a comercial mortgage.  More specifically a few benefits of working with a [...]