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Multifamily loan rates and Commercial loans

Commercial Loan Blog

Commercial Property Mortgage Rates: How Do They Work?

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

What is Hard Money Commercial Lending? (Part 4)

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

What is Hard Money Commercial Lending? (Part 3)

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 our bridge loans page 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 loan.

First, before we get to the topic... more

What is Hard Money Commercial Lending? (Part 2)

September 09, 2015

In the previous blog, I covered what hard money commercial lending is as well as how it is different from traditional lending.

Go to our Bridge Loans/Hard Money loan product page to discover what may be important information for you about our commercial bridge loan products. You will be able to learn that we are competitive regarding rates and terms.

A hard money loan (which is often referred to as a bridge loan) is an non-bankable loan. A bank doesn’t want to do a hard money commercial loan because there is too much risk for a bank. A hard money... more

Commercial Construction Loans (5 Key Steps for Success)

September 04, 2015

Commercial Construction Loans (5 Key Steps for Success)

It's not easy to obtain a commercial construction loan. People who are successful have learned from experience these 5 critical steps. I have been doing commercial construction lending for 17 years. I have found... more

What is Hard Money Commercial Lending?

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 Bridge Loans/Hard Money product page to learn about our great commercial bridge loan products. You can discover how we are competitive when it comes to rates and terms.

Fairview  Commercial Lending (www.fairviewlending.com) gives the following definition: “The definition of a hard money, when referred to in real estate financing, is essentially a non-... more

Why are Multifamily Loans Easier Than Commercial Loans?

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

Investment Properties: Commercial vs. Residential

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

Key Qualities of an Inferior Commercial Loan Broker, Part 2

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

Key Qualities of an Inferior Commercial Loan Broker

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

    • Low Rates: Always the Most Important Feature? Part 2

    June 10, 2015

    Going for the lowest rate could be a good practice generally.  But, as we covered in the previous blog, there are quite a few lenders who quote a rate too low to hook you into working with them. Later on when you are well into the loan process, they give you a higher rate than originally quoted. They may tell you that rates have gone up, but the problem is they changed the rate artificially to try to get your business.

    This most recent past article also covered what you can do to help prevent this from happening.

    This week we are going to continue looking... more

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