Category Archives: Commercial Lending

Commercial Lending Posts

New Commercial Mortgage Programs Offer Easier Qualification

New Commercial Mortgage Programs Offer Easier Qualification

With Reduced Documentation

When you own commercial property or apartment buildings, you soon learn that big bank financing can be challenging and expensive.

Sure, they have decent programs, you just have to understand that they will do everything they can to minimize risk.

After all, they are protecting customer deposits and must report to shareholders.

So, if you have a trophy property, perfect credit and tons of cash reserves, they will like you and your property.

If not, then you may want to consider some of the hundreds of commercial mortgage programs available through the largest wholesale commercial mortgage banking companies.

Our company works directly with many of these large commercial mortgage bankers. These companies make commercial property and apartment building loans. They structure these programs to be flexible enough to meet the needs of most real estate investors.

Here are some of the ways these programs are more flexible than bank financing:

  • No income documents required
  • No asset/reserve documents required
  • Higher loan-to-values allowed
  • Lower credit scores allowed
  • Maximum cash-out allowed
  • Quick Approvals
  • Lend to trusts, partnerships and corporations

If you have a commercial property or apartment building that you are looking to finance, consider these programs. The underwriters will use a “make sense” approach and will consider all reasonable requests.

We work directly with the largest national wholesale banks that offer these programs and can get your loan approved in just a few business days.

Are you ready to see what these new commercial mortgage programs can do for you?

B BushBrian and his team have been funding Real Estate Loans for over 25 years. Since 1991, they have funded over 1.5 Billion Dollars in loans. You can reach Brian at 800-607-1941 x220 or bbush@slglends.com

 

* Commercial mortgages and apartment building loans offered nationwide except in: Arizona, Florida, North Carolina, North Dakota, Nebraska, New York, New Jersey, South Dakota and The District of Columbia.

What You Need to Know About Stated Income Loans

What You Need to Know About Stated Income Loans

Stated income loans were very popular before the meltdown. Of course, as all things come and go, they are making their way back into the marketplace. Many blamed the financial crisis on lending institutions and their lack of concern and desire to document a borrower's ability to repay a loan. Today, stated income loans areContinue Reading

Developer Rick Caruso Opens Latest Luxury Apt Project

Caruso Affiliated has opened 8500 Burton Way, which brings modernist design and 5-star concierge services, along with pricy rents, to the intersection of La Cienega and Burton Way. The 8-story, $65 million project east of Beverly Hills built by the company owned by Los Angeles developer Rick Caruso strives to be no less than anContinue Reading

CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class. Share this story with your followers Tweet The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both theContinue Reading

Santa Monica Office Bldg. Trades for $12 Million

Tessler, Rubin & Co. sold 820 Broadway in Santa Monica, CA, to Archway Properties for $12 million or $630 per square foot. The office building measures about 19,047 square feet and was 100 percent leased at the time of sale. The property, which was constructed in 2004, was designed by renowned architect David Hibbert andContinue Reading

Decron Invests $70M in L.A. Area Multifamily

Decron Properties Corp. purchased the 397-unit garden style multifamily community at 1518 Patricia Ave. in the Los Angeles, CA, area for $70 million, or $176,322 per unit. The complex was built in 1985 and covers 16 acres in Simi Valley. The Creekside Apartments feature 40 three-bedroom/two-bathroom units, 190 two-bedroom/two-bathroom units, 80 two-bedroom/one-bathroom units and 87Continue Reading

Industrial Property – Los Angeles

The average asking price for industrial properties in the metro area was $131.24 per square foot for the month. This represents a decrease of 5.4% year-over-year as well as a decrease of 1.4% compared to the end of the fourth quarter of 2011. This month, asking prices for industrial properties have fallen to a newContinue Reading

Office Property – Los Angeles

The average asking price for office properties in the metro area was $237.66 per square foot for the month. This represents a decrease of 3.9% year-over-year as well as a decrease of 1.6% compared to the end of the fourth quarter of 2011. This month, asking prices for office properties are at their lowest inContinue Reading

Multifamily Property – Los Angeles

Asking prices for multifamily properties rose to $154,730 per unit, a 1.1% increase compared with the end of the prior quarter. For the year, asking prices have fallen 2.6% on the year. Asking prices for multifamily properties hit a three-year peak in October 2007 at $209,684 per unit. In comparison, the current median asking priceContinue Reading