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June 7, 2019
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
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 space, kitchenette and bathroom. They are usually studios or one-bedroom units.
... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
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 you.
What are the best Rehab Apartment/Multifamily loans?
I. Low Rate... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
What are the best commercial real estate loans for 2019? 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 overall, such as best interest rates, highest leverage and the easiest to qualify for.
The number 1... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
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. Which apartment loan programs are assumable? Based on their rates, terms, and feedback from... more
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
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 was right on. He had gotten the blue prints to build his new 36 unit multifamily complex from his... more
November 12, 2019
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.... 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
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