Looking to increase the number of tenants in your property? Keeping a property fully-occupied with tenants not only maximizes the amount of income you can generate, but it also plays a large role in helping you secure the best possible loan when it comes time to refinance. Commercial property owners are affected by vacancies […]
Commercial Mortgage Insight Blog
Real estate investors set their sights on single family properties for a number of reasons. Unlike larger apartment buildings or strip centers, investors only have to worry about one tenant at a time. Maintenance costs are typically lower for single family properties and financing can even be easier to obtain when compared to the process […]
“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.