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Apartment loans low rates
Multifamily loan rates and Commercial loans

Commercial Loan Blog

Low Rates: Always the Most Important Feature?

No.

Why? Even though there are arguments lenders could give you that you should go with them because they are quoting you a low rate at the inception of the loan process – the low rate quite possibly is deceptive.

A lender can quote you anything they want to quote you at the beginning of the loan process. Because you are not trained in commercial loans, whatever they quote you, you very well could believe.

Let’s say for example that they quote you 4.25% for a 10 year fixed rate, 30 year amortized apartment loan purchase, but the problem is, at that rate they wouldn’t... more

What Are Good Motives to Want to Become a Commercial Lender?

May 29, 2015

This is an important question to the writer of this blog because the motives having to do with why a commercial lender is in the commercial loan business is connected to the effectiveness of that lender.

I believe this would be a good question to ask a commercial lender you are interviewing to see if you want that lender to represent you. It is an unusual question to ask, but it could give insight into the quality of the commercial loan person as well as the commercial loan company.

I believe this is the kind of question that may be able to help bring out... more

Why Would You Consider Getting an Apartment Bridge Loan?

May 25, 2015

This is an important question in certain types of situations in purchasing a multifamily property, or in refinancing a multifamily property. An apartment bridge loan may be able to help you acquire a property that an agency loan or other high quality type of loan would not.

However, before getting an apartment bridge loan, know that bridge loans have increased risk. If you are not experienced in owning properties in which you have done... more

Choosing a Lender for a Commercial Loan, Part 2

May 21, 2015

In the previous article, we looked at the question of why choose a commercial lender who represents a good number of loan programs as opposed to choosing a direct lender who represents their one loan program.

To summarize this first part,

  • With a lender who represents a multitude of lenders, you have many more choices of loans and are likely to get more competitive rates and terms.
  • A direct lender who represents only one loan program is less likely to have the knowledge of the loan products that are on the market. Therefore, it’s quite possible... more

    • Choosing a Lender for a Commercial Loan

    May 11, 2015

    When you are in the market for a commercial loan, you have the choice of:

  • Choosing to work with a direct lender who represents their one loan program.
  • Choosing to work with a lender who represents a good number of different loan programs.

    • There are a number of advantages in working with a commercial lender who represents a good number of different loan programs.

  • Good commercial lenders who represent a good number of lenders are educated on and familiar with quite a few different loan programs. This gives them great insight on what’s... more

    • Where to Find Information on Commercial Real-Estate, Part 2

    April 27, 2014

    This week’s article and the previous one are on how to find various types of information regarding commercial real-estate.

    Regarding the previous article I posted, it included a website where you can find commercial properties for sale in various cities – https://www.loopnet.com/.

    Also in the same article I posted about another website which is on how to get some information to learn more about the area of commercial real-estate – https://www.ccim.com/cire-magazine.

    This week we will first look at a way to get information on how well different... more

    Where to Find Information on Commercial Real-Estate

    April 23, 2015

    The past 2 weeks, I have posted blog articles on how important it is to have strong sources to locate apartment properties for sale in cities that you may be searching for property. Also, the information included source information to find the strength on the apartment market in cities of interest.

    This week we are broadening our scope to the spectrum of commercial real-estate, which can include retail, office, senior housing, hotel and motel, industrial, etc., and of course multifamily. We will be looking at where to find commercial properties for sale, and... more

    Where to Find Information on Apartment Real-Estate, Part 2

    April 08, 2015

    Investors who are looking for multifamily properties to invest in for a particular city need to know not only about apartment complexes that are available to purchase in that city, but also know about how well the multifamily market is doing in that city.

    The purpose of this blog is to give you resources to help you locate multifamily properties to purchase in a particular city as well as give you information on how well the market is doing in that particular city.

    A source to locate multifamily properties for sale in a particular city is https://www.... more

    Apartment Financing: Where to Find Information on Apartment Real-Estate

    March 30, 2015

    Investors who are looking for multifamily properties to invest in for a particular city need to know not only about apartment complexes that are available to purchase in that city, but also know about how well the multifamily market is doing in that city.

    The purpose of this blog is to give you resources to help you locate multifamily properties to purchase in a particular city as well as give you information on how well the market is doing in that particular city.

    A source to locate multifamily properties for sale in a particular city is https://www.... more

    Graduating from Residential to Commercial Realty Investment (Part 2)

    March 17, 2015

    Many people contact us wanting to get a commercial loan and they need to know the requirements for getting a commercial loan for commercial property. If they are not strong financially with strong enough net worth and liquidity they can be disappointed when they find out they don’t qualify.

    Those who have residential investment experience though, are a step ahead because they will have some understanding of the mortgage loan process for an investor – even though commercial loans are more complex – and in general you need to have greater strength financially to... more

    Graduating from Residential to Commercial Realty Investment, Are You Ready?

    March 11, 2015

    From time to time, people who are not experienced commercial realty investors call us wanting to get a commercial loan (multifamily or other type), and yet they do not qualify. However, they could qualify for a residential property loan.

    How do you know if you are ready to move from residential realty investment to commercial realty investment? There are a number of factors.

    First, a commercial mortgage loan has different requirements than a residential mortgage loan. And it is usually harder to qualify for a commercial mortgage loan. What are some of... more

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