By Terry Painter/Mortgage Banker, Author of “The Encyclopedia of Commercial Real Estate Advice” – Published by Wiley, Member of The Forbes Real Estate Council
Try one or all 4 of these ways to value an apartment building in 15 minutes:
Why You need to Know an Apartment Building’s Value... more
By Terry Painter/Mortgage Banker
Author of “The Encyclopedia of Commercial Real Estate Advice”, Published by Wiley
This article tells you what it takes to get a commercial loan refinance with cash-out, and the guidelines for 8 loan programs.
Commercial loan refinance programs with cash-out are Fannie Mae at 75% LTV, Freddie Mac at 80% LTV... more
June 7, 2019
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
Micro Apartments are very small, high rent per square foot units most often found in large cities. They average 275 to 550 square feet and are comprised of a sleeping... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
The 7 best apartment building rehab loans in America, are ranked based on maximum loan to cost, interest rate, loan term, what it takes to qualify and customer satisfaction. Choose the multifamily rehab loan that is the best fit for... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
What are the best commercial real estate loans for 2021? Find the commercial loan that is the best fit for your commercial real estate investment goals. The loan programs listed in this article are based on the best loan terms... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
What are the best Apartment Multifamily loans in America? Which programs have the lowest rates and highest LTV’s? What about interest only and prepayment penalties? What does it take to qualify? Which programs require tax returns.... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
Cap Rate stands for capitalization rate and is used in commercial property valuations. Cap Rate is simply the net operating income (income minus expenses) divided by the purchase price or appraised value.
“There must be some mistake” Rick, my client said to me. “How can my property only be worth $5.25 Million when the exact same property 4 miles away sold for $5.6 million last year.” In fact, he... more
June 13, 2021
DSCR stands for Debt Service Coverage Ratio and is the most important factor for a commercial lender to analyze the risk level of your business or investment property loan. It is the DSCR that tells the lender that the net income is more than adequate to support the loan payments. You... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
“Are you kidding me?” my client asked. “You’re telling me that the property taxes are going up by $19,500 when the county reassess the property I’m buying based on the purchase... more
February 24, 2018
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Effective Gross Income is much simpler than it sounds, but also a lot more important than it may sound. It is the actual—and I mean actual—amount of money an investment real estate property has grossed in the past 12 months. Keep in mind that realtors when selling an investment or commercial property may... more
February 19, 2018
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Author: The Encyclopedia of Commercial Real Estate Advice – a WILEY book – OUT NOW!
So you're applying for a commercial real estate loan and you are told "this is a recourse loan." What is recourse? Is this good or bad? Does this matter? Do you have a choice? Yes, it does matter. Often... more
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