Every commercial lender has differing criteria for
every commercial loan situation.
Not exact matches
We still face a
situation where China is force feeding
loans for non-economic reasons into its economy, and where the financial sector of the US is still weak due to
commercial real estate
loans, bank
loans to corporations, and weak financial entities propped up by the US government.
The goal is to be bridged from a hard money
situation to a more conventional
situation where you're going to go from a very expensive interest rate payment per month to something much lower like a traditional bank
loan /
commercial mortgage or you plan to sell / flip the property fairly quickly.
In this
situation, you should consider
commercial mortgage companies that specialize in subprime lending, or look for bridge, soft or hard money
loans.
Commercial properties garner about 65 percent, but individual
loan amounts will vary depending on the
situation.
Whether you're refinancing, expanding, relocating or buying a
commercial building, we'll provide
commercial real estate
loan options to fit your
situation — and your vision.
Our firm provides legal representation for consumer and
commercial clients in foreclosure defense, bankruptcy, disputes with homeowners» associations, credit card debts, collections on vehicle repossession deficiency, collections on business and personal
loans, contract disputes, and many other legal
situations.
We apply a
commercial approach to all
situations and fully understand all aspects of the banking sector's needs, from complex agreements and debt
loans to invoice discounting, asset finance and acquisition finance.
* Job Description Responsible for managing an assigned portfolio of
commercial loan products, mitigating loss
situations, thereby reducing Bank risk and maintaining customer relationships.
Call your US
Commercial representative today at 202-491-6461 to discuss your particular
situation so they can tailor the
loan product to suit your needs.
Obviously everyone's
situation is different and not all markets or Credit Unions have the same lending criteria but I would definitely make some phone calls to your small local banks and see what options they have for
commercial loans for your future rental purchases.