Due Diligence

April 27, 2016

Welcome to Part 3 on Commercial Mortgages. The focus thus far has specifically been on mortgages. The previous week we went over four key points. Here is a quick summary:

March 29, 2016

In the previous blog article, we looked at some major differences between a commercial mortgage and a residential mortgage. It’s so different; it’s like a different planet.

March 14, 2016

March 01, 2016

Do you want to be successful at something? Get mentored. In the opinion of this writer, this pertains to any area of importance in your life – not only the area of commercial investment and commercial loans, but also other key areas including how to have a good marriage, how to raise children, how to manage money, etc.

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 12, 2015

There are commercial property investors, especially those just getting into commercial property investing, who do not treat commercial property investments as a serious business. This can have dire financial consequences.

December 02, 2015

In the previous article, fundamental points were covered having to do with a type of multifamily construction loan called an FHA construction loan. It is a great type of loan if you want to put less money down, get a great rate, and be able to keep your loan for a long time – 40 years.

June 21, 2015

In the previous blog, we covered some key characteristics of a commercial loan broker who does inferior work. This can include a direct lender too. In the blog were several negative characteristics to stay away from including: A commercial broker asking for upfront fees unless it was a project of great complexity – like a New York skyscraper, the lender refusing to give you some of his customers to talk to as references, and getting an inexperienced lender.

This week we include 4 more key characteristics of a poor commercial loan broker, or direct lender.

June 17, 2015

In your quest for a commercial loan it is so important to know some key qualities of a Commercial Loan Broker to avoid:

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.