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April 27, 2016
Welcome to Part 3 on Commercial Mortgages. The focus thus far has specifically been on mortgages. The previous week we went over four key points. Here is a quick summary:
March 14, 2016
And how do they differ from residential mortgage rates? We will also be looking at terms, because terms work so closely with rates.
Commercial property rates work quite differently from residential property rates. Generally with commercial property rates, the higher the number of years of a loan, the higher the interest rate, while with residential property rates, the higher the number of years of a loan equals a lower interest rate.
July 21, 2015
It’s simple – less moving parts. An analogy is the difference between the construction of a lawn mower engine and the construction of an automobile engine.
For example, let’s look at the difference between getting a loan for an apartment complex and a retail mall. For an apartment complex loan you have one borrower for the property. For the retail mall, let’s say that you have 35 tenants.
July 15, 2015
There are big differences between commercial apartment properties and residential investment properties. You could say it’s somewhat like two different planets. People new to the commercial apartment world need to understand the differences before getting involved. Before we continue, it’s important to know that commercial apartment properties are also known as multifamily properties.
March 17, 2015
Many people contact us wanting to get a commercial loan and they need to know the requirements for getting a commercial loan for commercial property. If they are not strong financially with strong enough net worth and liquidity they can be disappointed when they find out they don’t qualify.
March 11, 2015
From time to time, people who are not experienced commercial realty investors call us wanting to get a commercial loan (multifamily or other type), and yet they do not qualify. However, they could qualify for a residential property loan.
How do you know if you are ready to move from residential realty investment to commercial realty investment? There are a number of factors.