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April 11, 2016
The most recent blog article was about some key points to help investors get a commercial property as well as get a commercial mortgage – the emphasis leaned toward getting multifamily properties.This week we will continue along the same lines with some additional key points.
However, to summarize the previous article, we covered the importance of being able to define key terms and key... more
March 29, 2016
In the previous blog article, we looked at some major differences between a commercial mortgage and a residential mortgage. It’s so different; it’s like a different planet.
This week we are going to look at some major things you need to know to help you successfully acquire a commercial property and commercial mortgage. The emphasis will be on acquiring a multifamily property and... more
March 14, 2016
A commercial loan differs greatly from a residential loan. If you are use to being involved in doing residential loans, welcome to a “different planet.” There are many differences. Thus, you need to have different expectations in having a... more
March 01, 2016
Do you want to be successful at something? Get mentored. In the opinion of this writer, this pertains to any area of importance in your life – not only the area of commercial investment and commercial loans, but also other key areas including how to have a good marriage, how to raise children, how to manage money,... more
February 18, 2016
Some investors shop aggressively looking for the best commercial loan they can find, talking to many loan companies. Other investors may talk to just one loan company and decide on that one. Importantly though, many investors miss the boat when they are shopping for a very good lender. Here are three mistakes investors make in the process of... more
December 12, 2015
There are commercial property investors, especially those just getting into commercial property investing, who do not treat commercial property investments as a serious business. This can have dire financial consequences.
As Director of Marketing for Business Loan Store, and Apartment Loan Store, I have received many calls over... more
December 18, 2015
The answer is simple. If you are looking to purchase or refinance a multifamily property (defined as 5 or more apartment units), Fannie Mae and Freddie Mac are the best loan programs in America today. Why are they the best? Because of very good rate and terms. And they are US... more
December 02, 2015
In the previous article, fundamental points were covered having to do with a type of multifamily construction loan called an FHA construction loan. It is a great type of loan if you want to put less money down, get a great rate, and be able to keep your loan for a long time – 40 years.
In today’s article, I am covering the qualities to look for in a good commercial construction lender. It is known that the selection of a good lender is paramount to successful property investment. But, if you know the fine points to be able to select a great lender, as... more
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