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By Corey Curwick on January 18th, 2010
You aren’t the only one who is having a tough time financing commercial property under $1 MM. Banks just aren’t lending right now on the following types of property:
· Mixed-Use Commercial under $1 MM
· Multi-Family Commercial und...
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You aren’t the only one who is having a tough time financing commercial property under $1 MM. Banks just aren’t lending right now on the following types of property: · Mixed-Use Commercial under $1 MM · Multi-Family Commercial under $500K · Retail Commercial under $500K Even if the prop...
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Many of my private lenders have already unleashed their loan programs for 2010. Many of these loan programs have more favorable interest rates than some programs we’ve been seeing in 2009. And with all types of real estate being offered at 35 to 55 percent of its value, hard money even turns o...
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Is the future of commercial real estate gloomy for investors? If small business continues to be deprived of working capital and eventually forced to close up shop, what is the future of retail, office, and industrial real estate? It’s been a “feeding frenzy” in commercial real estate. But ev...
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A LinkedIn member, Elaine M. Lyles, posted a July 12th news article that I wanted to start a discussion on. The article that Elaine posted from the Washington Examiner is titled, “Second Wave of Real Estate Crisis to Hit Commercial Property Market.” The author, William Flook, seems to have no i...
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I wanted to continue the thread, from a couple of previous posts, on the topic of ‘getting your deals funded quickly.’ This posting revisits this important topic again; so I’ve decided to title it ‘Part III.’ I did a post back in February called, “How to Fund a Hard Money Loan Qui...
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Twenty years ago, private money or hard money interest rates were well into the 35% range–the same rates that, these days, only credit card companies have been able to get away with. Well, until now. Even with the credit crunch, the highest interest rates in hard money have typically loom...
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I think we all probably know someone who is having a heck of a time finding construction financing. Good project, good borrowers, but the bank just won’t budge an inch? This is a common story in our market. What about developers who are in the middle of a good project when their banker calls i...
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I’m just now coming up for air after the Crittenden National Private Lender’s Conference two weeks ago in Vegas. I met so many great people at the event, from private money lenders and brokers to savvy real estate investors and industry innovators. You know it’s been a successful networ...
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Many people cannot underestimate the value of a qualified broker when it comes to private or hard money loan requests. I always use the comparison between a good broker and a good attorney. The analogy is presenting a deal for funding to the lender compared with presenting a case to the judge an...
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Mortgage & Lending Fraud – Some of the Most Popular Scams Out There I found an interesting post on a popular blog, The Consumerist, about popular mortgage scams to watch out for. Although I thought I had probably heard of all of the scams floating around out there, I was surprised t...
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