November 19, 2015
Recently I posted an article entitled "Commercial Construction Loans, Deconstructed" Here are two key points I made:
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November 19, 2015
Recently I posted an article entitled "Commercial Construction Loans, Deconstructed" Here are two key points I made:
November 10, 2015
One type of commercial loan is a commercial construction loan. It is quite a complex type of commercial loan and not for someone to jump into without quite a bit of experience, without quite a bit of knowledge, or without a partner who is experienced.
Why is doing a commercial construction loan such a complex type of loan? It's because there are so many additional parts to a construction loan than a simple non-construction commercial loan such as multifamily or self-storage. And this means so many more skills that are needed having to do with building, and... more
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
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
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 www.bridgeloanstore.com 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
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 www.bridgeloanstore.com 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 lender is set up to do... more
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 that many deserving projects fail to produce a loan. This is simply because the developer has left out... more
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 website: www.bridgeloanstore.com 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-bankable... more
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