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Commercial Loan Blog
November 19, 2015
Recently I posted an article entitled “Commercial Construction Loans (Simplified).” Here are two key points I made:
- It is a complicated type of commercial loan, definitely not for the beginner. This is because there are so many different, complex parts to it and without sufficient knowledge you could be vulnerable to financial loss. For example, one component has to do with the estimation of material costs and labor costs concerning construction materials. A... more
November 10, 2015
One type of commercial loan is a commercial construction loan. It is quite a complex type of commercial loan and not for someone to jump into without quite a bit of experience, without quite a bit of knowledge, or without a partner who is experienced.
Why is doing a commercial construction loan such a complex type of loan? It's because there are so many additional parts to a construction loan than a simple non-construction commercial loan such as multifamily or self-storage. And this means so many more skills that are needed having to do with building, and... more
And how do they differ from residential mortgage rates? We will also be looking at terms, because terms work so closely with rates.
Commercial property rates work quite differently from residential property rates. Generally with commercial property rates, the higher the number of years of a loan, the higher the interest rate, while with residential property rates, the higher the number of years of a loan equals a lower interest rate.
Most of the time with commercial rates you get terms with a lower number of years than with residential rates. For example, if you are to get an... more
September 29, 2014
This is part 4 in a series about hard money commercial lending. For a bit of a review, hard money loans have quite a bit more risk involved than conventional loans, but their purpose is to help you acquire properties that you would not be able to get with a conventional loan. Keep in mind that hard money loans are also called bridge loans.
One example of a hard money commercial loan could be seen in the following scenario: an investor looking to purchase an apartment complex that only has 50% occupancy. She is interested in the apartment complex because... more
September 16, 2015
Recently, I have written two blogs on the topic, “What is Hard Money Commercial Lending?” In this blog, I’m writing Part 3 on the topic. It has to do with 2 very important ways to soften risk when you are acquiring a bridge loan.
In the meanwhile, why do a bridge loan with us? Visit www.bridgeloanstore.com and you will be able to see some competitive bridge loan products. They may surprise you – rates and terms to help you save money. And importantly, check with us to see if we can pre-qualify you for a bridge... more