One of the keys to feeling more confident about your commercial mortgage loan request is to gain a better understanding the transaction process from start to finish.
“It depends.” While this phrase is never what one wants to hear when asking for advice, the truth is that in many different circumstances, the best course of action really does depend on a number of distinct factors.
Part 2: Determine Whether or Not You’re Speaking with the right Lender Types
Part 1: Determine the Root Cause of the Denial Even though banks routinely deny commercial loan requests, the experience can still be difficult for the small business owners and investors who need financing.
Every lender is unique, but most begin the loan qualification process in a similar fashion. Put simply, lenders must be satisfied with the property, the borrower, and the borrower’s business before they approve a loan request.
Many people who are looking to invest in real estate have grappled with the problem of whether to invest in single-family or multi-unit dwellings. While each has its own set of advantages, investing in a duplex has a number of distinct benefits. Although a duplex may cost more to purchase and insure than a single-family […]