Featured in:
Business Insider
Forbes 
The Real Estate Network
Excellent Customer Reviews
 
 
Apartment loans low rates
Multifamily loan rates and Commercial loans

Commercial Loan Blog

October 28, 2014

When working with a commercial loan broker, it is important to know what to look for in not only a very good commercial loan broker, but also an inferior commercial loan broker. Recently I posted on the subject, “What Are Some Qualities of an Inferior Commercial Loan Broker?” This week I’m posting part 2.

As a summary of part 1, be very suspicious of a commercial loan broker who asks for upfront fees. The exception would be an enormous commercial real estate project, but be sure to do very thorough due diligence on the commercial loan broker anyway.

... more

October 23, 2014

Welcome to “What Are the Qualities of a Superior Apartment Commercial Loan Broker (Part 2)” Actually last week our blog title was about apartment loan brokers. I decided to include all commercial brokers. The qualities of a good commercial loan broker are almost synonymous to those of a good apartment loan broker.

In last week’s blog, three points were covered:

1. Make sure that you pick a commercial loan broker who is so well experienced, and of such strong integrity that if he has carefully examined your loan, picked a lender, and says he can close... more

October 22, 2014

Recently I have written about the qualities of superior commercial loan brokers. This article is the opposite – it looks at some qualities of inferior commercial loan brokers.

Here are some qualities of an inferior commercial loan broker:

  • The commercial loan broker asks for an upfront fee and your loan is not a very complex loan. If you have a simple commercial loan and you are being asked for an upfront fee, it is very possible that the commercial loan broker is dishonest. On the other hand if you have a commercial project such as a 100 story... more
  • October 14, 2014

    In looking at the qualities of a superior apartment loan broker, the following three come to mind:

    1. When they give you a letter of interest and you pay your deposit, you have a good degree of comfort that they will be able to complete your loan. No apartment loan broker can guarantee that the loan will close, but a very good multifamily loan broker will have a very high closing percentage of loans.

    This quality is number one. Why? Because an inexperienced multifamily loan broker or one that is not so caring about the customer, may end up not being... more

    September 30, 2014

    This is part 3 of a series in How to Submit Your Loan Information for an Apartment Loan.

    We began the series by explaining that when you send your apartment loan information to a lender, you need to send it in the form of a good presentation. The information needs to be presented in such a way that you sell the lender on giving you a loan. Specifically you want the lender to see that the strengths of your property and the strengths of your finances are sufficient for a loan.

    In part 1, we discussed the area of submitting good interior and exterior... more

    September 19, 2014

    Apartment financing is similar but also quite different to taking out a loan on a residential home. Any property with more than five units is considered commercial with its own underwriting and funding criteria. Here is what you need to know before applying for apartment financing.

    Since what is known as the great recession of 2008, commercial apartment financing is similar to home loan financing in that the financial strength and credit of the borrower is the most important. Prior to the recession the quality of the property's income and the quality of the... more

    September 17, 2014

    Last week’s blog had Part 1 on How to Submit Your Loan Information for an Apartment Loan. It started out with explaining that the process involves more than just sending in some information as if you were completing a form. It actually involves sending in information for a presentation. The file you send in has a major purpose of selling a lender on why they should want to give you a loan on your property.

    In last week’s article Part 1, we covered the area of sending in good interior and exterior photos of your property – photos that honestly represent your... more

    September 12, 2014

    If you want to become a landlord, you need to understand the concept of apartment building mortgages. These are commercial real estate investments that generate rental income for the proprietor. To get the lowest rate apartment loans, here is some essential information that every investor should know.

    Commercial real estate mortgages are either offered as adjustable or fixed rate of interest. The fixed rate option is considered more beneficial as rates are still historically low.   However adjustable rates are also historically very low tied into the 30 day... more

    September 09, 2014

    Some investors think that when they submit their loan information on a property for a multifamily loan, it’s just about getting the information submitted and that’s it.

    Nothing could be further from the truth. When you submit information on the property and information on your finances, it needs to be prepared by you in a way that makes for an attractive presentation.

    The commercial loan brokers in a commercial loan company have to sell your file to a prospective lender. The file has to be presented in such a way that it is attractive to the lender... more

    September 05, 2014

    Apartment loan rates for properties that have five units or more are going to run about one percent higher than conventional rates on single family properties. A potential buyer will first need to determine the kind of funding that might be available. The best programs today are usually obtained from what is called agency loans – Fannie Mae, Freddie Mac, and FHA. Many institutions provide financing for real estate investors, but some offer better apartment loan rates than others. You should also check with mortgage brokers that specialize in commercial real estate... more

    August 19, 2014

    It takes putting the customer in your mind’s eye as the most important part of your business. Yes, the customer comes first when it comes to running a multifamily loan business and commercial loan business.

    Our attitude needs to be, “How can it be any other way?” Either you are for the customer or you are not, because if you are compromising your customer service, you are not very much for the customer. At ApartmentLoanStore.com, a division of Business Loan Store, we are very proud of our A+ Better Business Bureau rating.

    One thing we do to show great... more

    Pages

    Subscribe to Commercial Loan Blog