How to Create a Good Commercial Financing Application
Preview:
Financial Statements are Required for Commercial Loans?You can not analyze a borrower for a commercial mortgage application without financial statements. If the borrower is an individual, the statements might not require audited financials. They must, however, be current (prepared within the past six months) and must reflect all assets and liabilities, including any contingent liabilities.
With a corporate borrower, it is best to request and obtain audited statements. Mortgage brokers and bankers must analyze and be familiar with the income statements and balance sheets required for submission.
When dealing with a loan for an existing income-producing property or... continue reading >>
Loan Packaging & Underwriting Case Study 1
Preview:
Self Storage Case Study
There is so much interest in Commercial Real Estate from previous Residential Real Estate Investors. Many have decided to make offers without getting the property approved for financing. As a result, many are losing earnest deposits due to the inability to secure financing at contracted price or accepting unfavorable financing terms with the intentions of refinancing in 2 years.
Because of our marketing efforts we have begun to help many Investors to avoid the aforementioned issues. Here is a Case Study from one of our latest deals:
· ... continue reading >>
Close Commercial Deals Faster...
Preview:
Tell me as Realtors, Mortgage Brokers and Investors if you are tired of these issues.
Buyer can't secure financing after escrow has been opened and escrow has to be extended or deal never closes. (No One Gets Paid)Buyer discover desired financing is unavailable based on agreed purchase price
Investor discovers property is not as desireable once financing is factored
Your listing does not offer a competitive advantage over the many other property listings.
I have discovered the cure for the aforementioned issues. In this lending environment it is more important than ever to secure financing... continue reading >>
Interested in Commercial Property Investing? Is the Down Payment and Financing Stopping You?
Preview:
It has been my experience that current Residential Investors don't take the next step and become Commercial Real Estate Investors because of the down payment requirements and obtaining financing.
The down payment requirement on Commercial Real Estate is typically 20-30 percent of the purchase price. Considering a $5 million dollar price, you would be required to prove assets of $1,000,000 to $1,500,000. Very few current Residential investors can prove the necessary assets so they avoid the opportunity. We have some solutions to overcome this obstacle.
The second issue is obtaining financing. It is our thought that you secure financing... continue reading >>
Did You See or Hear What Happened To Residential Real Estate Investing On Friday?
Preview:
What a blow to Residential Real Estate Investing with the collapse of IndyMac bank and the continued troubles with Fannie Mae and Freddie Mac. IndyMac bank was a huge mortgage lender and very investor friendly. IndyMac's closure represents the 3rd largest in U.S. history and 5th to fail in 2008. They were big players in the Alt-A, low documentation and high leverage arena which attracted many to their mortgage loans.
I can personally remember using IndyMac banks with many of my Investor clients because of the low documentation options, aggressive loan to value and favorable interest rates over... continue reading >>
If you make $1,000 per month or more 1099'd - R.S.V.P for our free event.
Preview:
Be sure to join us online next week for a special educational presentation by industry experts! Critical knowledge for success will be shared and I am hoping that you will be one of the recipients. Seats are limited and we do not add additional webinars to the calendar. This is a one time opportunity to interact with these proven industry professionals.
Do not miss Secrets & Strategies by the following:
Mike Todd – V.P. of Sales for The PerDare Group
Topics of discussion will be focused around why you and your clients MUST own a Nevada based LLC if you... continue reading >>Multi Family Sector Looking Good...
Preview:
I wanted to share my thoughts on a recent article from Commercial Property News regarding the multi family property. They noted several positive reasons the multi family sector provides less expensive homes as the U.S. economy continues to experience difficult times.
Some of the reasons were:
1-Growing Rental Pool
2-Limited New Construction
3-Exit of many high leverage players from the investment scene
Even with the aforementioned reasons multi-family properties continue to draw interest from investors. The credit crunch drove many smaller, credit dependent investors out of the market, but for larger better capitalized buyers have benefited from less competition.
... continue reading >>Attention Real Estate Investors!!
Preview:
NOW THAT THE RESIDENTIAL REAL ESTATE MARKET "MELTDOWN" HAS BEGUN, WHAT ARE YOU GOING TO DO?
You need to develop an exit strategy for leaving the residential market and turn all those negative cash flow properties into positive cash flow properties. Having the exit strategy is essential and we have it...
You need to learn how to enter the commercial financing and investing arena successfully using a proven system....we have it...
You need to learn how to secure 92% financing on your 1st Multi Family property before making any offers to purchase..we can show you how...
Lastly, turn... continue reading >>
Did You Read This....I Knew I Was Right.
Preview:
Did You Read This…
I just read an article in Apartment Finance Today that we shared with our clients and wanted to share with you. The article addressed the latest trend in Commercial transactions, selling properties with financing in place before soliciting buyers.
We were fortunate enough to get ahead of this latest trend and alert our clients in the need for this service because of the difficulties in the lending market. As the article addressed, in previous years it was quite easy to arrange financing after entering into contract. With the... continue reading >>
Loan Packaging & Underwriting Case Study 2
Preview:
The Money Finders, LLC
We received a call from a listing agent who has a Restaurant for sale that was not receiving any offers. They inquired about our Loan Packaging and Underwriting Services and how we could help generate some activity.
We explained to her the benefits our services and how to create a competitive edge over the other RESTAURANT listings:
· Offering the property with Financing in Place justifies the listing price and reduces the price negotiations.
· Serious inquiries... continue reading >>