The Real Estate Professional

You need to be pre-qualified to avail a real estate loan. When you apply for a loan the loan officer looks into your credit report, and also figures out the maximum loan amount that you can have, by working backward. This could also be done by you, and you can first start by establishing your monthly income. This is not an easy task, for the lenders always take into account that incomes which they can document. In taking out a real estate loan, you would need to qualify as regards to your ear read more »

With change comes opportunity.  We are seeing many, very interesting developments with commercial real estate loans.  One happens to be banks offering to reduce balances owed and waive any prepayment penalties in an effort to entice strong borrowers to refinance their debt. 

And no, we are not referring to borrowers that are late, have negative trends, etc.  We are talking about stable commercial real estate loans, that the existing bank needs out of, for read more »

Commercial Real Estate Loans are very popular these days, and it’s not hard to understand why. They are currently appreciating at roughly 11% per year. In some cases the property doubles in value every 5 years or so, it’s not uncommon. So even if you acquire a Hard Money Commercial Loan at 17%, which is the high end. You can get a Hard Money Commercial Loan in many cases as low as 11%. You can see how this appreciation even at these high rates would offset the high interest.

What a read more »