Due Diligence

No.

Why? Even though there are arguments lenders could give you that you should go with them because they are quoting you a low rate at the inception of the loan process – the low rate quite possibly is deceptive.

A lender can quote you anything they want to quote you at the beginning of the loan process. Because you are not trained in commercial loans, whatever they quote you, you very well could believe.

May 29, 2015

This is an important question to the writer of this blog because the motives having to do with why a commercial lender is in the commercial loan business is connected to the effectiveness of that lender.

I believe this would be a good question to ask a commercial lender you are interviewing to see if you want that lender to represent you. It is an unusual question to ask, but it could give insight into the quality of the commercial loan person as well as the commercial loan company.

May 21, 2015

In the previous article, we looked at the question of why choose a commercial lender who represents a good number of loan programs as opposed to choosing a direct lender who represents their one loan program.

To summarize this first part,

May 11, 2015

When you are in the market for a commercial loan, you have the choice of:

1. Choosing to work with a direct lender who represents their one loan program.
2. Choosing to work with a lender who represents a good number of different loan programs.

There are a number of advantages in working with a commercial lender who represents a good number of different loan programs.

April 27, 2014

This week’s article and the previous one are on how to find various types of information regarding commercial real-estate.

Regarding the previous article I posted, it included a website where you can find commercial properties for sale in various cities – https://www.loopnet.com/.

April 23, 2015

The past 2 weeks, I have posted blog articles on how important it is to have strong sources to locate apartment properties for sale in cities that you may be searching for property. Also, the information included source information to find the strength on the apartment market in cities of interest.

April 08, 2015

Investors who are looking for multifamily properties to invest in for a particular city need to know not only about apartment complexes that are available to purchase in that city, but also know about how well the multifamily market is doing in that city.

The purpose of this blog is to give you resources to help you locate multifamily properties to purchase in a particular city as well as give you information on how well the market is doing in that particular city.

February 05, 2015

Last week I expressed my appreciation for the mentorship I have gotten that has greatly assisted me in learning about commercial lending. I expressed my gratitude for the training that Terry Painter has given me. He has done an outstanding job to prepare me for my work.

January 27, 2015

Last week I wrote about why it’s so important to have a mentor to learn how to invest in ownership of Commercial Properties.

This week I’m writing concerning mentorship I have received that has greatly help me learn about the field of commercial lending.

My major mentor in this arena has been Terry Painter, president of Business Loan Store and www.ApartmentLoanStore.com.  Not only is he an important mentor in my life, but he is also my brother and a great friend.

January 23, 2015

Many people who call us and who aspire to be commercial real-estate investors lack the mentoring needed to succeed in commercial real-estate investing. They think that they can just purchase commercial real-estate without knowing much about it and that they are going to make lots of money. Actually, if they do purchase commercial property without mentoring, they could very well lose money