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Commercial Loan Blog
August 18, 2015
What is Hard Money Commercial Lending? And how does it differ from traditional lending? Keep in mind that the term bridge loan is often used interchangeably with hard money loan.
Be sure to visit our website: www.bridgeloanstore.com to learn about our great commercial bridge loan products. You can discover how we are competitive when it comes to rates and terms.
July 21, 2015
It’s simple – less moving parts. An analogy is the difference between the construction of a lawn mower engine and the construction of an automobile engine.
For example, let’s look at the difference between getting a loan for an apartment complex and a retail mall. For an apartment complex loan you have one borrower for the property. For the retail mall, let’s say that you have 35 tenants.
For the apartment complex, you just need to get the financial strength of the borrower. For the retail mall, you have to get the financial strength of all 35 tenants. It... more
July 15, 2015
There are big differences between commercial apartment properties and residential investment properties. You could say it’s somewhat like two different planets. People new to the commercial apartment world need to understand the differences before getting involved. Before we continue, it’s important to know that commercial apartment properties are also known as multifamily properties.
First, there is one particular key distinction to keep in mind. A residential investment property has 1 to 4 units. A commercial apartment property is defined as having 5 or more... more
June 21, 2015
In the previous blog, we covered some key characteristics of a commercial loan broker who does inferior work. This can include a direct lender too. In the blog were several negative characteristics to stay away from including: A commercial broker asking for upfront fees unless it was a project of great complexity – like a New York skyscraper, the lender refusing to give you some of his customers to talk to as references, and getting an inexperienced lender.
This week we include 4 more key characteristics of a poor commercial loan broker, or direct lender.... more
June 17, 2015
In your quest for a commercial loan it is so important to know some key qualities of a Commercial Loan Broker to avoid:
- The commercial loan broker asks for an upfront fee and your loan is not complex. If your loan is simple and you are being charged an upfront fee, it is quite likely that the commercial mortgage broker is not being honest. Yet, also keep in mind that if you have a commercial project such as a 100 story skyscraper in a major city, charging for an upfront fee may be OK. But, even then it’s essential that you conduct a background check on the... more