Apartment Loans

Apartment Loans

Three Mistakes to Avoid in Shopping for the Best Commercial Loan

February 18, 2016

Commercial Loans: 3 Mistakes to Avoid

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.

Why are Multifamily Loans Easier Than Commercial Loans?

July 21, 2015

It’s simple – less moving parts. An analogy is the difference between the construction of a lawn mower engine and the construction of an automobile engine.

For example, let’s look at the difference between getting a loan for an apartment complex and a retail mall. For an apartment complex loan you have one borrower for the property. For the retail mall, let’s say that you have 35 tenants.

Low Rates: Always the Most Important Feature? Part 2

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.

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