|
|
 |
|
Home |
Commercial & Mixed Loans
| |
Commercial Mortgage Loans, Business Lending Criteria And Mixed-Use Property Deals
This department covers information specific to commercial property mortgage loans and mixed-use properties. Business people are a unique breed, but they can also be a lucrative new profit center with the right mortgage training. If you've never done a commercial loan before, you may want to give it some consideration as these type of deals are usually large often in the million dollar range. And a small cut of a big loan equals a very nice payday.
|
Commercial Mortgage Refinance -- Negative Terms
Although there is no iron clad guide on what to terms to avoid on your commercial mortgage refinance, there are a few major items that borrowers should be prepared to deal with. For example, pre payment penalties, value and or loan to value restrictions, upfront fees and making sure the loan matches your long term over all game plan. Take a gander at below: Prepayment Penalties and Lock Out . . .
>>>> READ MORE...
|
Commercial Subprime Mortgage Options
Although there is really no "commercial subprime mortgage" sector like there is in residential, there are 3 types of commercial mortgages programs that are designed for borrowers with difficult situations. These loan programs include: 1. Stated income commercial loans 2 . Commercial hard money 3. SBA 7a loans. . . .
>>>> READ MORE...
|
What to Expect On Commercial Motel Loans
Motel loans can be difficult to fund for a couple of different reasons. For example, motels are often located in small towns or in rough area's which cannot support larger, flagged hotels. Further the exterior corridor of most motels also is a negative feature that adds additional risk for the lender. . . .
>>>> READ MORE...
|
How To Fund Gas Station Loans, Your Options For Commercial Deals
Gas station loans can be "tricky". Environmental concerns, slim profit margins, credit card fees, fuel theft often causes many banks and lenders to shy away or better said, ignore gas station loan opportunities entirely. In fact, many gas station owners seeking financing will find it difficult just to find a local bank that will look at their deal. Here in Michigan, where we are located, most banks won't consider financing regardless of how successful an operator might be. . . .
>>>> READ MORE...
|
Commercial Loan Broker Training
A lot has been written in how to calculate Debt Coverage Ratio's on both investment and owner occupied transactions. One of the more complicated tasks of deriving the DCR is calculating all possible income out of the borrower's tax returns. . . .
>>>> READ MORE...
|
Brokering Commercial Mortgages -- What It's Really Like
Brokering commercial mortgages certainly can have its perks. It is generally viewed as a prestigious profession and brokers get to deal with highly sophisticated borrowers on most of their transactions. The income potential is truly uncapped as well, as some of the seasoned commercial brokers bring home over 7 figures. This is without having a lot of fixed expenses or a large support staff to manage. It's no wonder that so many residential brokers are entering the market as their side of the business is still taking the brunt of the capital market woes. . . .
>>>> READ MORE...
|
Commercial Real Estate -- Should You Lease Or Own
Business owners often contemplate whether they should own the building their business occupies or lease it. Commonsense would dictate that the entrepreneur should buy their facility and "pay themselves" rent and thus build long term equity. Large decision like this, however are rarely that simple and have both objective and subjective factors that further cloud the question. . . .
>>>> READ MORE...
|
Hard Money Commercial Loans -- What To Watch Out For
Unfortunately the arena of hard money commercial loans is rough and filled with aggressive lenders and a few that are complete con artists. Most borrowers come to these lenders in vulnerable positions needing cash quickly and are often in much emotional stress. It goes without saying that a borrower can worsen their situation by picking the wrong hard money commercial lender. . . .
>>>> READ MORE...
|
How To Become A Commercial Loan Broker
Interested in information on how to become a commercial loan broker? There are a few areas of the business you need to master in order to succeed as a commercial loan broker. 1. You have to be very good at pre screening deals -- so that you do not waste your time chasing transaction that will not close. 2. You need a strong lender network. 3. You need multiple, reliable sources of leads. . . .
>>>> READ MORE...
|
Calculating Global Income -- Commercial Mortgage Loans
Global income in terms of commercial mortgage underwriting is about trying to get at the whole picture of the borrowers financial position. Underwriters want to know what the borrower's total NET income is. This is calculated by looking at all income and all expenses on all businesses, real estate, any other investments and personal expenses the borrower has. . . .
>>>> READ MORE...
|
Commercial Equity Line vs. Fixed Rate Commercial Second Lien Position Loan
Many owners in the commercial real estate industry are unaware that a second lien position loan exists, and especially in this rough market. But yes, for the right scenario borrowers can still secure these second lien position loans. These programs are geared towards smaller projects though with real estate values less than $3,000,000. Loan amounts on the commercial line or commercial second mortgages are capped at $500,000. . . .
>>>> READ MORE...
|
Commercial Loan Brokers -- How To Not Succeed
We get roughly 5 calls a day from commercial loan brokers. Most of these calls are a complete waste of time for us as the broker has little or no control of the file and has not seen a single documentation on the deal. They have no idea if it's really doable or not. The broker is almost always trying to get an idea if the loan is fundable, what the restrictions are and of course what the rates and fees would be on the proposed loan. . . .
>>>> READ MORE...
|
Commercial Stated Income Loans -- Or Lack There Of
Say good bye to commercial stated income loans as this loan program is all but gone. It wasn't 6 months ago that that 90% financing with commercial stated programs were a very viable and strong option. Credit score as low as 620 were doable, as little as 1 year in business was needed and 75% loan to value on cash out refinance were some of the most aggressive features. . . .
>>>> READ MORE...
|
How To Get Paid On Commercial Mortgage Deals
Residential loan officers and brokers that are used to full lender agreements and full yield spread disclosure from their banks are often shocked at how vulnerable their fees can be on commercial loans. For example, many banks will not allow commercial brokers to get paid on the settlement statements and instead make the broker collect their fee outside of close. . . .
>>>> READ MORE...
|
|
Commercial Loan Refinance Considerations for Entrepreneur's
Business owners often are asked us what the optimal time is to refinance a commercial mortgage. Many factors such as market interest rates, prepayment penalties, existing loan terms etc. come into play. There are no set answers of course, but below are some thoughts on how you might analyze your own commercial refinance. . . .
>>>> READ MORE...
|
Underwriting Parameters of Commercial Mortgage Refinance
Property owners conducting a commercial mortgage refinance are often surprised by the new range of loan programs that have become available in the last 5 years. Programs such as commercial 30 year fixed, second lien position loans, etc are turning heads. However the process is still expensive and time consuming and underwriting is still tied to the fundamentals - loan to value, debt service coverage ratios, global income, property analysis, and credit worthiness of the borrower. . . .
>>>> READ MORE...
|
Hotel Loans -- The Guidelines Are Changing
It's March 2008 and I'm currently working on a rate and term refinance, $3.8 million of an owner occupied Wingate Hotel in the Midwest. The owner boasts an 82% occupancy for 07, $2,000,000 of gross income, property was built in 02 for a cost of $5.3 million so we're looking at a loan to value of approximately 63-67% depending on the appraisal works out. . . .
>>>> READ MORE...
|
SBA Loans -- Not All Are Lenders Are The Same
A major misperception among business owners, regarding SBA loans is that they are all the same. Meaning, most business owners have the perception that all of the terms, processes and eligibility requirements are identical from one bank to the next. Although understandable, this simply is not the case. . . .
>>>> READ MORE...
|
During Difficult Times the SBA 7a and SBA 504 Programs are Normally the Answer
Currently we are seeing decline rates at, literally 90%, from banks here in Michigan. Meaning that 90% of all commercial loan request that come in the banks doors are being turned down. 50% - 60% of these potential commercial mortgages probably make sense from a traditional underwriting perspective, but the banks are not willing to take the chance as loses continue to rack up and take their toll. . . .
>>>> READ MORE...
|
Commercial Mortgage Decline And What To Do About It
Two of the more common reasons for commercial mortgage decline are property value and or concern over net income. As capital sources continue to tighten underwriting standards, borrowers feel the pinch in lower loan to values and higher debt coverage ratios. Transactions that were tight, but doable 3-6 months ago are, in many cases, simply not fundable today. . . .
>>>> READ MORE...
|
Restaurant Mortgage Refinance
Historically, from the borrower's perspective, financing restaurants properties has been cumbersome with limited loan options. Further on restaurant loan refinances, borrowers face even more limitations as the SBA (a leader in financing this building type) typically does not perform refinances. Borrowers are left with a limited pool of lenders that remain cautious within this category and offer conservative underwriting guidelines, like max 60% loan to value and debt coverage ratios of 1.4 or more. . . .
>>>> READ MORE...
|
Commercial Mortgage Brokers -- What Are They Good For?
Commercial mortgage brokers should save their clients time, aggravation and of course money. The bottom line is that the brokers experience and expertise should be valuable for the borrower, who may have little knowledge of this often complex and daunting process of closing a commercial mortgage. . . .
>>>> READ MORE...
|
Owner Occupied Commercial Mortgage Refinance
Business owners currently considering a commercial mortgage refinance, will find that many of the rules have changed. As the economy and so called credit crisis continue, small balance lenders (loans between $300,000 - $5 mil) are scrambling to reset their guidelines while not denying every loan that comes across their desk. . . .
>>>> READ MORE...
|
Commercial Real Estate Investors Need To Examine New Commercial Second Mortgage
Commercial real estate investors that are involved in renovation projects and or actively seeking new acquisitions should take a hard look at the new commercial second mortgages that have become available. This loan program can create a significant amount of liquidity in investor's existing commercial equity. Equity that was previously dormant can now be "tapped" and used in other projects. . . .
>>>> READ MORE...
|
Underwriting Parameters Of Commercial Equity Lines
Property owners considering a commercial equity loan are often surprised by the flexibility and liquidity that these loans provide. This loan sits in second lien position (or first) behind any existing first mortgage basically eliminating the need to perform cash out refinance. . . .
>>>> READ MORE...
|
Cash Out Commercial Refinance, There's Now An Alternative
If you have recently received a Letter of Intent or a "pre approval" from a lender regarding cash out refinance on your commercial property, you don't need me to explain the pitfalls. Upfront appraisal fees (at $3000 - $5000), environmental fees ($2000), start off an often expensive and "brain numbing" process to fund your commercial loan. . . .
>>>> READ MORE...
|
Industrial Building Refinances
Loan to values are often restricted at 75% on industrial building refinances and are normally capped at 70% loan to value on cash out refinances. Higher LTV's are available, but come at an increased price for the borrower. Lower loan to value requirements should be expected for industrial investment properties, normally reduced by 5% off the above. . . .
>>>> READ MORE...
|
Commercial Mortgage Underwriting Through The Eyes Of The Underwriter
Getting a borrower to approach you with a commercial mortgage loan scenario is only the 1st step in the commercial mortgage loan process. Upon your first analysis of the scenario, there are a great many combined factors that will determine if it will ever fund or close. The best borrower and the best property means nothing if due to some error, a careless mistake or a poorly put together loan package there is no closing. Equally, if not more so than residential financing, the commercial mortgage business is extremely relationship driven, particularly when talking about lenders. . . .
>>>> READ MORE...
|
How To Start With Commercial Properties
In my commercial newsgroup and at seminars, people often ask me, "How I start my career dealing from small to larger properties?" The inquiry is frequently followed by a recital of how the depositor has tried and failed to acquire a bigger property or is uncertain of the steps needed to acquire larger revenue properties. . . .
>>>> READ MORE...
|
Commercial Mortgage Strategies Every Business Owner Should Know
We were recently asked what we consider to be the most important qualities to look for in commercial mortgages. The person asking for this assessment recognized as we do that a commercial real estate borrower usually can't have it all: if you can't find all of the commercial mortgage qualities that are important in a particular commercial mortgage, then which qualities should be viewed as the most critical? . . .
>>>> READ MORE...
|
|
|
|
|
|
|
|
|
|
|
|
|
| A subscription to Mortgage Battlecall is one of the best investments you can make in your mortgage career.
Get instant access to...
-
Unlimited coaching and mentoring to answer all your mortgage questions.
-
Practical, hype-free advice to help you close more loans.
-
Free custom designed marketing materials we will create and upload onto the site for you to use in your business.
-
A fast-growing, active, helpful community of mortgage professionals who learn from and help each other.
-
Thousands of business-building resources, articles, sales scripts, marketing templates, downloads and more.
-
Access to our exclusive warrior forum to post loan scenarios and get feedback.
-
Audio and video mortgage tutorials.
-
Critiques of all your marketing materials.
-
Top producer case studies.
-
Turnkey mortgage business plans you can use immediately to generate new business.
-
Loan officer recruitment strategies.
-
Lead generation techniques.
-
Become part of one of the fastest growing mortgage communities on the Internet.
-
Think about it. Close just one extra mortgage loan because of our expert advice and your membership is paid for many times over.
Join now and become a mortgage warrior today...
| | |
|
| Here's what some of our members are saying...
"I just wanted to thank you for putting together a professional, top-notch website. I joined today as a member of Battlecall and I have browsed the website and it is packed full of helpful information. I am fairly new in the mortgage business and this site will really help me out. Keep up the good work and I will spread the word to my mortgage buddies."
Chris Johnson, Loan Officer
"Hi Rob, there is so much here it's going to take me a while to go through it all. Wow great stuff!!!"
Charles Larkin, New Loan Officer
"The templates and marketing campaigns will prove extremely useful I'm sure. I can't wait to start using them in my marketing campaigns as I go out on my own under my own license and will keep you up to date on everything as I go."
Mike Martel, Senior Loan Officer
"This site is a tremendous resource. Rob, you've done a good job here. Bravo! :-)"
Nancy Duby, Former Processor Now A Loan Originator
"Rob, I love your new Battlecall site and your Sink Or Swim Loan Closing System that I purchased."
Ryan Loesch, Loan Officer
"I am so happy to have found your web-site. I'm changing careers and the site is a wonderful resource. Thank you Rob, be well."
Sukey Dominguez, New Loan Officer
"Hey Rob, I just wanted to drop you a line personally and tell you how great I think your site is. The monthly fee is far outweighed by your content and training tools. I mostly browse the forums but have posted once or twice. I wanted to just say thanks in advance."
Mike Colagrossi, Senior Loan Officer
"I am new to your site and this information looks fantastic."
Chris Rosenbergen, Loan Officer
"Just a note to let you know that I feel your website is very informative. Thank you for your attention to detail and value added service you are providing us loan officers in the field. Your efforts to provide this at about a dollar or so a day per member is literally pushing the envelope to new extremes compared to other training I have purchased. Best of days to you."
Brian Furey, New Loan Officer
"Your site "battlecall" is awesome and is the only mortgage site that I will subscribe to, real value and thanks a million."
Jackie Hotchkiss, Licensed Mortgage Broker
"Thanks for picking up the torch here. Coming up with fresh marketing materials and good sales copy is something I think a lot of us always intend on doing, yet rarely find the time to see through. Thanks for the support. This site is great!"
Nathan Canning, Loan Officer
"I love your site and your info and your enthusiam, thank you!"
Debby Eller, Loan Officer
You can read and listen to more member success stories here. Or join now and become a mortgage warrior today...
| | |
|
FREE SAMPLE TRAINING
Linked In
