Commercial Loan Blog

Published December 14, 2012 

The simple answer is that it takes about 60 days to close an apartment loan. At times, unforeseen delays can make it longer. If we give your loan priority status, perhaps it can close in as little as 50 days. However, the amount of time can vary greatly, depending quite a bit on the experience and sincere effort of your commercial mortgage broker.

If you have an inexperienced commercial mortgage broker who doesn’t use great, persistent effort to close the loan in a timely manner, your loan could take many extra months. The danger of…

Published April 20, 2012 

Welcome to part three of How to Get a Recession-Proof Strategy for Acquiring Your Apartment Loans. In this day and age of a stressed economy, it can be quite challenging to acquire an apartment loan, because loan sources have become so much more stringent. All you have to do is look at the list of hundreds of banks that have closed since 2008 to understand why they have become so strict. Why did these banks close? Mostly because their lending policies were too liberal. Many property owners, residential as well as commercial, have walked away from…

Published April 12, 2012 

Last week we covered why it is important to get a recession-proof strategy for acquiring apartment loans. In our challenging economic environment, quite a few loans are turned down because investors don’t qualify. But if you know what it takes to qualify, and have a good strategy that you follow to make sure you qualify, you can win at the game of getting an apartment loan.

This week we will go into the importance of gaining the knowledge needed to win the apartment loan of your dreams. The knowledge you have is pivotal to your success. I…

Published April 5, 2012 

Why is it important to form a recession-proof strategy for acquiring your apartment loans? Because since the recession hit, many more loans are turned down. It’s tougher for a borrower to qualify in this economy. At Apartment Loan Store and Business Loan Store, we’ve seen quite a few people who once would have qualified for an apartment loan but do not qualify today.

There is hope to this story. If you know the loan requirements for this recessionary period, form a strategy to implement them, and implement them, you can achieve your…

Published March 29, 2012 

Apartment Loan Store and Business Loan Store are proud to announce that we are launching an upcoming Web TV program to help educate you in becoming increasingly successful in your acquisition of apartment loans. Terry Painter (President) and Bruce Painter (Director of Marketing) will be co-running the Web TV program. As a company we put a strong emphasis on education and keeping you informed. Knowledge is pivotal to success and power.

And importantly, knowledge is also strongly connected to leadership. Those who have the most knowledge,…

Published March 23, 2012

Last week’s “How a Great Loan Provider Looks After You” covered what an apartment loan provider does to make sure they have quality loans to offer you. Most importantly, these providers do careful due diligence to see that the loan providers they pick are reputable companies that operate with honesty and integrity.

In this post, we look at another important factor important in knowing that your loan provider looks after you: They keep up with the changes going on in the field, especially changes in the economic loan climate.

Why is it so…

Published March 16, 2012

In a couple of recent posts, I’ve shared with you tips on how to do some due diligence on providers of apartment loans. Today, I’m going to share with you how a great apartment loan provider looks after you to make sure they have quality loans to offer you.

First and foremost, such providers will do careful due diligence to check that the loan providers they select are reputable companies that operate with integrity. At Apartment Loan Store and Business Loan Store, when we locate a potential new loan source, we ask for testimonials, and we talk with…

Published March 12, 2012

If you are in need of a multifamily loan to refinance your apartment building or to purchase an apartment building of five units or more, what lending sources are available to you in America today? Which are the best? Some of the available loan sources are the corner commercial bank, credit unions, regional banks, national bank commercial divisions (such as Wells Fargo Commercial and Chase Commercial), Fannie Mae, Freddie Mac, FHA, real estate investment trusts, insurance companies, hedge funds and private funds.

So which are the best? Well, let’s…

Published March 3, 2012

Do you know why it is important to get testimonials from lenders of apartment loans?

The answer is that it comes down to trust. To take a little bit of time to discover if your apartment loan provider is worth your trust, is an investment that can save you time, finances, and freedom from aggravation.

Virtually all of us have experienced situations in which we did not do our due diligence to see if a person or organization is trustworthy. The negative consequences can be pretty large if we don’t exercize the ability for others to earn our trust…

Published February 25, 2012 

In the first part of “Best Commercial Loan Providers,” we covered that it is important to do well at choosing a good commercial loan provider to work with in acquiring apartment loans. We also gave an example of what can happen when you choose an incompetent loan provider. We gave an example of an investor losing the purchase contract on an apartment building because of the inexperience of the lender.

And we covered three qualities that are important in a good if not excellent commercial loan provider: Experience level of the commercial…

Published February 18, 2012

Last week, in the first part of “Best Commercial Loan Providers,” we covered some reasons it is important to choose a good commercial loan provider to work with in acquiring apartment loans. We also gave an example of what can happen when you choose an incompetent loan provider. We gave an example of an investor losing the purchase contract on an apartment building due to the inexperience of the lender.

We also shared three qualities that are important in choosing a good if not excellent commercial loan provider: 1. The loan broker has quite a few…