Experienced commercial real estate borrowers know that property stabilization is a major factor lenders consider when deciding whether or not to approve a loan. They need to be able to determine that a property is fully leased and is experiencing an acceptable amount of tenant turnover. For many property owners, meeting traditional lenders’ stabilization requirements […]
Commercial Mortgage Insight Blog
When it comes to commercial lending, your credit score will play an important role the approval of your financing request, the type of loan you can secure, and even the interest rate you will pay each month during the loan’s term. If you don’t currently have an ideal credit score, you may find that your […]
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 […]
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