Should You Buy Down Your Rate on a Commercial Loan?

Should You Buy Down Your Rate on a Commercial Loan?

Saving money when you buy a commercial property is always a bonus, especially if you can find a way to save in the long-term, such as by negotiating a lower interest rate. In fact, securing a commercial mortgage with an interest rate that’s even just slightly lower could save you thousands of dollars over the course of the loan. With that in mind, let’s talk about a lesser-known option for a lower interest rate: the loan buy down.

What to Look for When Purchasing Your First Commercial Multifamily Property

What to Look for When Purchasing Your First Commercial Multifamily Property

Buying your first multifamily property is an exciting prospect, but it’s important to walk into the process with a great deal of information before you dive into a purchase. This includes knowing what you want and having a plan, understanding the importance of location, being able to see the rental potential of a property, and knowing how to protect yourself from bad decisions.

When is it Smart to Take Cash Out of Your Investment Property Mortgage?

When is it Smart to Take Cash Out of Your Investment Property Mortgage?

The point of a residential or commercial cash-out refinance is to refinance your mortgage while also taking out a cash loan against the equity you have in the property, and this can help investors to achieve a number of goals. Today we’re going to talk about different cash-out scenarios and discuss how you can determine when the time is right for you to take advantage of this financing option.

3 Steps to Take After a Bank Denies Your Commercial Loan Request

3 Steps to Take After a Bank Denies Your Commercial Loan Request

You put a great deal of time, thought, and effort into your commercial mortgage application, and there's nothing more devastating than getting that rejection notice saying your loan was denied. Although it might be tempting to throw in the towel and give up, a better approach is to alter your application strategy and try again. Here are three reliable steps you should take right now if a traditional lender has denied your request for an investment property loan.

Advantages of Non-Bank Commercial Mortgage Lender Options

Advantages of Non-Bank Commercial Mortgage Lender Options

Sometimes commercial real estate investors and owners make the mistake of thinking that a traditional bank is the only option when it comes to a commercial lender for their commercial mortgages. But the truth is that non-bank lenders are a viable, reliable, and often superior alternative to banks because they can offer less stringent approval requirements, increased flexibility, and more personalized service. If you're in the market for investment property loans and are looking for options, here's what you need to know about the benefits of non-bank lenders.

3 Tips for Preparing a Multifamily Property Rent Roll

3 Tips for Preparing a Multifamily Property Rent Roll

The rent roll is an important tool for multifamily property owners or investors for a variety of reasons, and chief among them is that this document makes it easier to analyze the financial potential of a property.

If you’ve never prepared a multifamily property rent roll before, here are three great tips to help you get started and put yourself in a better position to secure multifamily commercial loans.

What to Consider When Taking Cash Out of Your Existing Mortgage

What to Consider When Taking Cash Out of Your Existing Mortgage

Cash-out refinancing is the term used to describe the act of refinancing your mortgage and using the equity in the property to take out cash at the same time.  This can be a win-win-win situation for real estate investors, because it’s actually possible to refinance your mortgage, secure a lower interest rate, and walk away with extra cash in your pocket. However, there are some things to consider before going this route, and today we’re going to talk about what you need to think about before committing to a commercial loan refinance.  

2 Reasons Why Investors Choose Reduced Documentation Lending Alternatives

2 Reasons Why Investors Choose Reduced Documentation Lending Alternatives

As a self-employed borrower, you may not be able to prove your income or may not have all the documentation that most lenders require to approve a loan, and this can make it difficult to get financing for your projects. Fortunately, there is an alternative available called a low-documentation loan, and today we’ll discuss what that is and the two most common reasons people opt for this type of financing.

What You Need to Prepare Before Seeking Commercial Mortgage Financing

What You Need to Prepare Before Seeking Commercial Mortgage Financing

Obtaining a commercial loan doesn’t have to be an arduous process, especially if you know what to expect and prepare for the application in advance. The most important thing to know is that providing more documentation reduces the risk for a lender, which in turn can translate to a better rate. If you're looking to secure a multifamily loan or financing for another investment property loan, here's everything you need to know to prepare before seeking the mortgage.

What You Can Do to Help Your Loan Close Faster

What You Can Do to Help Your Loan Close Faster

The last thing you need is to have a financing delay postpone your next commercial real estate venture, and knowing how to prepare for your loan application will both speed up the process and prevent unnecessary interruptions. Next time you're ready to put in an application for commercial real estate financing, here's what you should know about getting the loan to close faster.

How to Select the Right Kind of Lender for Your Financing Needs

How to Select the Right Kind of Lender for Your Financing Needs

As a business owner or investor, making a partnership with the right commercial lender is essential to your success. The right funds loaned for the right terms can allow you to invest in the property you need, or complete a necessary building renovation, or even purchase the inventory and equipment you need to grow your business.

But how do you select the right kind of commercial lender for your financing needs?

How to Secure a Commercial Multifamily Mortgage Without the Hassle

How to Secure a Commercial Multifamily Mortgage Without the Hassle

One of the obstacles that often prevent people from taking the steps to secure a commercial multifamily mortgage is the overall complexity of the process. Getting a commercial mortgage can involve a more in-depth transaction experience than one might expect with residential mortgages, and would-be property owners need to aware of both the challenges and opportunities.

However, if you take some helpful steps before you submit your application, you can eliminate much of the back and forth and secure a commercial loan to get your new venture underway.

3 Steps to Finding the Right Commercial Mortgage: Part 1

3 Steps to Finding the Right Commercial Mortgage: Part 1

It’s true. The world of small balance commercial lending is populated by a much wider variety of lenders than is the residential lending world. And with the variety of property types and business needs there can be a lot of program options.

But it’s not as complex as you might think. So, if you’re new to commercial lending and looking for a lender that meets your needs, simply follow the advice here and save some serious time.

How to Sidestep 5 Common Commercial Mortgage Hurdles

How to Sidestep 5 Common Commercial Mortgage Hurdles

You’ve found the perfect commercial property. It’s the right location, the ideal size and the numbers make sense. You are already envisioning your returns when you run into a problem — your lender does not see this investment like you do. He’s questioning the property, the paperwork, and even you! Here are the top 5 commercial mortgage challenges and some key tips to overcome them.