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Getting Commercial Apartment Loans: Who Wins – The Tortoise or the Hare?

July 29, 2014

Aesop’s Fable – The Tortoise and the Hare was written thousands of years ago. It has stood the test of time and we all know the ending: the tortoise beats the hare. Believe it or not, this is a perfect analogy for winning in the arena of getting commercial properties and commercial apartment loans.

Why does the tortoise beat the hare? Because if you apply this fable to life, the fable is not about one race, but many.

Let’s look at the example of how people handle their finances in acquiring homes, cars, computers, vacations, etc. Each acquisition is a race within the race involving the individual’s wealth over their lifetime.

If you are a financial hare, you acquire as many things as you can and incur debt. If you are a financial tortoise, you acquire fewer things and have a major goal of saving and investing.

Suze Orman, a financial guru recommends that our desire to save should be greater than our desire to spend.

The financial hare is into acquiring more and more things and therefore acquires more and more debt – losing the race, because of being broke.

The financial tortoise is acquiring fewer things at first and can take more time to acquire things over the long run, because of the desire to have a great future void of lack – which could mean enjoying many things later on.

The financial hare pillages the present and makes the future into a barren desert. He has things, but can’t enjoy them fully because he becomes a slave to them – having debts that bind to him like shackles.

The financial tortoise nurtures and feeds the present, thus building an abundant future. Einstein said, “Compound interest is the eighth wonder of the world.” This is why the tortoise wins the financial game.

Years of prudent savings and investments creates financial miracles in our lives.

How does this apply to commercial investors?

There is the example of the commercial investor hare who works to acquire as many commercial properties and commercial loans as possible. He is dangerously on the precipice of financial collapse, spreading himself too thin with debts and large expenses.

The commercial investor tortoise works toward building equity, yet he finds a good balance in some leveraging of the use of loans.  He will win the overall race which involves the many years of investment. He is also more likely to win in the short term as well.

Call or email me if you have questions concerning this article, apartment loans, or other types of commercial loans. You can reach me at 214-695-7310 and

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Bruce Painter, Director of Marketing, Business Loan Store