Before you apply for commercial real estate loans, here are 4 of the most important things you should know:
credit is always a good thing, but it’s not a requirement to qualify for
commercial real estate loans.
With our products, income and equity of the property can be enough to get the deal done.
We know that tons of good borrowers have been negatively impacted by the recession. We've seen credit scores in the low 500's or worse.
Even if your score is low and the property isn't doing that well either, we may be able to look at assisting you in securing a loan modification on your commercial property.
banks will deny if you don’t show positive income on you tax returns for the
past 2 years.
Worse, they won’t tell you why your application was rejected.
We have products that focus on the income of the property, not just your personal financials.
So, even if you opened your doors yesterday, we have some niche commercial loan products made with you in mind.
you take the time to send the lender quality pictures, they get an accurate
view of the property upfront.
This could save you well over $1,500. How? Imagine paying for a MIA certified commercial appraisal which often can run up to $5,000 depending on the property type.
You tell the lender a good story about the property. But when the appraiser comes out, the lender finds out something they don't like about the property.
They can turn you down for not disclosing the matter upfront.
Yes, with simple quality pictures you can protect yourself from a surprise turn down AFTER you’ve paid for the appraisal.
lenders requiring down payments from 10% to 40%, you may need creative ways to
secure your down payment.
While most lenders won’t take a second look at a borrower without a sufficient down payment, we will assist you in raising the capital.
Here's a few options we may pursue:
above information is included in just Day 1 of our 7 Day E-Course that details
how to get through the commercial real estate process with flying colors.
If you would like to learn...
How to get through the entire commercial loan process WITHOUT...
Here's your chance.
When you finish this “7 Day Commercial Loan Process Mini E-Course!”
You'll understand how to do all of the above.
You'll also know how to quickly and easily qualify for a commercial loan.
When you get your copy, we're certain you be pleased with...