Apartment Loans

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.

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.

September 05, 2014

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.

August 13, 2014

One of the questions you will be asked in inquiring about getting an apartment loan is how much experience you have in apartment complex ownership. For many types of situations involving multifamily loans, you are required to have experience in multifamily ownership. In some multifamily loan situations you are not required to have experience in multifamily ownership.

August 5, 2014

The answer is no. Why?

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.

July 23, 2014

The question, “Are Bridge Apartment Loans Expensive” is a very good and important question. Why? Because if you do not have strong knowledge and strong experience getting a bridge loan, you could lose a lot of money, lose a lot of time, and gain extreme stress.

If you are very knowledgeable and have much experience in purchasing bridge apartment loans, you have the ability to make good money, save time, and have a positive bridge apartment loan experience.

July 15, 2014

This applies strongly to the experienced apartment complex investor as well as the inexperienced apartment complex investor.

You may ask why this applies strongly to the experienced apartment complex investor.

The answer is simple and is best presented in the story of what many commercial lenders experience: The experienced investor applies for a commercial mortgage and is declined because of not having enough cash to do the loan.

July 8, 2014

The answer is that it depends.

There are two factors in answering this question correctly:

Factor One – The banker decides if you have enough experience to get an apartment loan.

Factor Two – You decide.

Here’s an example of where factor two comes into play: Let’s say that you have no experience in ownership of multifamily properties, yet you have great wealth. The bank decides there is very little risk in lending the money to you because of your wealth. You end up purchasing a 10 unit apartment building.