When you first signed your mortgage, you probably had big plans for the upcoming years. If you bought your first condo, maybe you imagined yourself getting a new job and settling down with Mr. or Ms. Right. If you purchased a new home to accommodate a growing family, maybe you imagined having one or two [...]

Commercial mortgage training is a broad topic with many areas that need to be mastered in order for the commercial loan officer to be truly competent and successful. Among the more immediate needs is being able to screen deals. We see it all the time as hard working loan officers work on and submit loans [...]

Loans for daycare centers or more specifically, commercial mortgages for daycare centers typically have a few challenges that set it apart from most. The special use nature of the property and relative high foreclosure rate make many lenders very cautious with in this industry. The management experience is critical and underwriting will spend a considerable [...]

If you’re reading this article, you are probably considering a commercial hard money loan. Perhaps you’ve been turned down by a few of your local banks or you know they won’t approve you due to credit scores, lack of documentable income, bankruptcies, foreclosures, etc so you haven’t bothered to apply.Be careful as you do your [...]

Commercial loan underwriting guidelines come down to cash flow ( DCR), loan to value (LTV), credit worthiness and property analysis. Although the process to evaluate a potential commercial mortgage is basically the same from one bank the next, their various appetite for both risk and minimum rates of return are what separates one bank from [...]

Commercial loan rates are essentially the combination of the underlying index and the margin that the funding bank or lender charges. Borrowers should be careful on the way that their term sheets are written in regards to quoted rates. Below are a few suggestions on how you can protect yourself against having your commercial loan [...]

For those who have problems with their credit card debt, it is important that they consider finding some solutions. Among some solutions available out there, it seems that credit card debt consolidation has become a popular choice. There are some reasons why most people prefer to choose this option compared with other solutions offered by [...]

As the credit crisis continues, borrowers AND banks are suffering. One of the issues is existing commercial loans and their existing loan to values. As commercial real estate values begin to decline in some markets one of the unfortunate realities we are starting to see is commercial loans beginning to come close to being underwater; [...]

I’m not going to sugarcoat this; I’m going to give it to you straight. It is extremely difficult to get approved for an institutionally (bank) funded commercial mortgage loan now-a-days. In this environment, most investors and most deals are being turned away by the banks, the insurance companies and the Wall Street brokers.Traditional funding sources [...]