Apartment Loans

November 25, 2014

A major key to getting better customer service with your commercial loan broker or with other businesses is simply – “Ask for it.”

Many people miss major opportunities in life because they don’t ask for what they want. Instead, they expect differing things from others and don’t communicate it. It’s like they think the other person should know what they want.

November 17, 2014

This is part 3 in a series of articles on qualities of an inferior commercial loan broker. As stated on part 2 of this series, it can be very useful to know what to look for in an inferior commercial loan broker. It can help you in your quest for getting great loans for your commercial real-estate.

November 11, 2014

A very important question is how to get better results from your commercial loan broker.

There are times when we may feel powerless in working with the brokers who are serving us concerning our commercial real-estate loans. This is if we are not getting the quality of service, speed of service, friendliness, etc. that we need.

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.

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:

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:

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.

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.

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.

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.