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... Read 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... Read More
February 01, 2023
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.... Read 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... Read 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... Read 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... Read More
February 15, 2018
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
Commercial real estate loans differ in so many ways from residential loans. It is a different world, or you could say "a different planet.” Here are some differences:
1. On a... Read More
In Short, it takes these 5 components to finance an Apartment Building:
1. A Great Property – that has 2 or more of these upsides: a good location, under market rents, already cash flows the loan, or rents can be increased with inexpensive value adds.
2. The Property Value and Income Supports the Loan
3. The Property is in Good Condition
4. The Borrower is Qualified – has good credit, enough cash, and enough net-worth
5. The Borrower has the Best Professionals
... Read More
December 29, 2017
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 borrowers do not realize when they apply for an investment property or business loan, that if they default on the loan they can lose more than the real estate or equipment that is collateralizing the financing.... Read More
December 15, 2017
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
At Apartment Loan Store, some of our funds for permanent and bridge loans for financing apartment buildings come from REITS. These loans have great rates and reasonable terms with one to 10 year fixed rates... Read More
December 12, 2017
By Terry Painter, Mortgage Banker
Member of the Forbes Real Estate Council
What is debt service ratio (DSR)? Well, let us start out by saying that although Debt Service Ratio is used more than half of the time by bankers, mortgage brokers and realtors, the correct term is Debt Service... Read More
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