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This weeks most popular article - Why You Should Join the Non-Recourse Loan Club?

Congratulations! If you are reading this and wanting to learn more about non-recourse financing – you have the opportunity to join one of the most exclusive groups in America – The Non-Recourse Loan Club.

There isn’t really a club. It is just that Non-Recourse Lending is one of the best-kept secrets that an elite group of mostly wealthy developers and investors of commercial real estate reap the benefits READ MORE

Helpful Terms for Commercial Loans

ID 90858531 © Maren Winter | Dreamstime.com First, let’s define what a capital stack is. Pertaining to commercial real estate, a capital stack refers to the differing layers of money resources that are involved in buying and improving a project having to do with real estate. The differing layers have to do with the amount of risk in the investment end of the commercial real estate deal. The...
By Terry Painter/Mortgage Banker What is the difference between a non-recourse loan and a recourse loan, and which is best for you?  A Non-Recourse Loan is made to a single asset ownership entity like an LLC. If the property fails, the lenders only recourse is to take the property back.  A Recourse Loan is made to an individual(s) required to sign a personal guarantee.  After a foreclosure and...
With a non-recourse loan, no personal guarantees are required. In the case of a default, the lender can only take possession of the subject property. Thus, the borrower’s personal assets are not at risk.   Why You Should Join the Non-Recourse Loan Club? Congratulations! If you are reading this and wanting to learn more about non-recourse financing, then you have the opportunity to join one of the...
A rent concession is a discount in the rent used by property management companies to influence prospective tenants to lease a rental property when rental unit supply is larger than rental unit demand. In your neck of the woods, rent concessions are minimal due less than 5 percent vacancy. To get absorption going quickly, some larger, just built apartment complexes are offering a half month’s...
THE SHOCKING TRUTH ABOUT CAP RATE “There must be some mistake” Rick, my client said to me. “How can my property only be worth $5.25 Million when the exact same property 4 miles away sold for $5.6 million last year.” In fact, he was right on. He had gotten the blue prints to build his new 36 unit multifamily complex from his brother-in-law who had built and sold the exact same design last year....
Cash on Cash Return is the percentage of annual income your cash investment earns on a real estate investment after debt service. When it comes to investing, the ratio of the cash-on-cash return is defined as the before tax annual cash flow or net operating income divided by the whole amount of money invested, put as a percentage. Don’t Fall Into the Cash on Cash Return Trap You might as well...
A bridge loan is a temporary real estate loan with a term of 12 to 36 months for the purpose of quick acquisition, rehab, or repositioning a property. A non-recourse bridge loan is most desirable in that no personal guarantees are required and thus the borrower’s personal assets are not at risk.  The Danger of Recourse Bridge Loans and the Death in Unit 146B   If you are reading this, you are...
The down payment required for a commercial construction loan ranges from 10% for SBA, 15% for HUD Loans and  up to 30% for commercial banks, life companies, and private lenders. Your equity in the land if you have owned it for more than 2 years may be applied at fair market value towards the down payment.   Five Key Factors for a Commercial Construction Loan Down Payment 1. Determine the Loan...
Multifamily/Apartment Loan Rates change daily. Many Regional Bank Loan Programs allow you to lock the rate at application.  Government Agency programs like HUD/FHA, Fannie Mae and Freddie Mac have  the lowest rates and fix rates for the longest duration from 10 - 35 years and can lend up to 85% LTV.   Their rates are usually locked at loan approval.   As with all commercial loans most lenders...
Apartment Loan Store has been providing low rate commercial loans in your area since 1997. Do you want a 30 year fixed rate mortgage with a 30-year amortization?  Well, we have that. An interest only loan? Yes, we can do that. A bridge loan to acquire a property that needs rehab so you can fix and flip? Well, we have that too. Do you own a piece of land that you want to build an apartment...

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