Apartment Loans

December 6, 2017

By Terry Painter, Mortgage Banker

Member of the Forbes Real Estate Council

DO YOU and YOUR PROJECT QUALIFY FOR A COMMERCIAL CONSTRUCTION LOAN?

TAKE THIS QUICK 3 MINUTE QUIZ AND FIND OUT

1. Have you developed a similar size project in the past 10 years, or several projects combined that equal the size of the project to be developed or do you have the ability to bring in a partner who has this experience?

February 18, 2016

Some investors shop aggressively looking for the best commercial loan they can find, talking to many loan companies. Other investors may talk to just one loan company and decide on that one. Importantly though, many investors miss the boat when they are shopping for a very good lender. Here are three mistakes investors make in the process of selecting the lender they want to work with.

December 18, 2015

September 29, 2014

This is part 4 in a series about hard money commercial lending. For a bit of a review, hard money loans have quite a bit more risk involved than conventional loans, but their purpose is to help you acquire properties that you would not be able to get with a conventional loan. Keep in mind that hard money loans are also called bridge loans.

September 16, 2015

Recently, I have written two blogs on the topic, “What is Hard Money Commercial Lending?” In this blog, I’m writing Part 3 on the topic. It has to do with 2 very important ways to soften risk when you are acquiring a bridge loan.

September 09, 2015

In the previous blog, I covered what hard money commercial lending is as well as how it is different from traditional lending.

Go to our Bridge Loans/Hard Money loan product page to discover what may be important information for you about our commercial bridge loan products. You will be able to learn that we are competitive regarding rates and terms.

September 04, 2015

Commercial Construction Loans (5 Key Steps for Success)

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.

June 10, 2015

Going for the lowest rate could be a good practice generally.  But, as we covered in the previous blog, there are quite a few lenders who quote a rate too low to hook you into working with them. Later on when you are well into the loan process, they give you a higher rate than originally quoted. They may tell you that rates have gone up, but the problem is they changed the rate artificially to try to get your business.

This most recent past article also covered what you can do to help prevent this from happening.