A personal financial statement is often among the required documentation when applying for a business loan. Even though business loans are distinct from personal loans, lenders might want to see the borrower’s personal financial situation for a variety of reasons. If you’re applying for a business loan soon, here’s an explanation of what this document is and how to go about making a personal financial … Read More
CommLoan Secures a Fixed 10 Year 4.25% Refinance on a Retail Property in Phoenix, Arizona
Property:
Retail in Phoenix, Arizona
Opportunity:
CommLoan was approached by an experienced commercial real estate developer looking to obtain a refinance loan on a 2-unit retail property in Phoenix, Arizona. The borrower has developed over 500,000 square feet of office buildings.
Solution:
CommLoan facilitated the refinance of the retail property by keeping the Lender’s focus on … Read More
How To Build a Schedule Of Real Estate Owned (SREO) Form
One of the first steps in applying for a commercial mortgage loan is creating a Schedule Of Real Estate Form. Learn all about it and access a free excel template.
Types of Prepayment Penalties in Commercial Real Estate Financing
Step-Down, Fixed Fee, Yield Maintenance, or Defeasance. The most common form of prepayment penalties. This guide will teach you the difference.
CommLoan Secures $3.6 Million Acquisition Financing For a 26-Unit Complex in Phoenix, AZ
Property:
Multifamily in Phoenix, Arizona
Opportunity:
CommLoan was approached by a repeat borrower looking to obtain an acquisition loan on a 26-unit multifamily property in Phoenix, Arizona.
Solution:
CommLoan utilized its extensive lender database in the Arizona market to procure an acquisition loan with no lender costs and no prepayment penalty to provide the owner with the maximum liquidity options within the current environment. CommLoan’s … Read More
COMMLOAN SECURES CASH-OUT REFI IN LESS THAN 55 DAYS FOR MULTI-STATE SFR PORTFOLIO
Property:
Single Family Home Portfolio in Arizona and California
Opportunity:
CommLoan was approached by a borrower that has a $5.3M portfolio a duplex, three 4-plex, 10-unit, 11-unit, and a single-family rental. The borrower had been working with another lender for many months with no progress on the cash-out refinance loan.
Solution:
CommLoan was able to secure and close the $3.25M loan in less than 55 … Read More
The Guide To The Types of Freddie Mac Multifamily and CRE Loans
Did you know that Freddie Mac’s total mortgage portfolio grew at a 22.4% annualized rate in December 2020? If you’re a commercial real estate investor, then you might be interested in how you can use Freddie Mac Multifamily products to find a loan for your acquisition or refinance. You might also be asking yourself questions such as:
What is Freddie … Read More
Cost Segregation: The Strategy Commercial Real Estate Investors Use to Pay Little to No Taxes On Their Investments
One of the biggest areas of focus for people investing in commercial real estate is how to handle the tax implications. If investors aren’t well-versed in how to legally reduce their tax burden, they could end up paying much more than they have to. That would make their great investment a reasonable one, at best. At worst, it could mean their investment would … Read More
CommLoan Secures a Fixed 5 Year 4.25% Bank Loan For Apartment Complex in Houston, Texas
Property:
Multi Family in Houston, Texas
Opportunity:
CommLoan was approached by an investor who had been previously working with another broker and lender to obtain a cash-out refinance loan at 70% LTV. The lender ended up only wanting to originate a rate and term refinance at 65% LTV after receiving the appraisal and going through final loan committee.
Solution:
CommLoan … Read More
COMMLOAN SECURES A FIXED 10 YEAR 3.62% BANK LOAN FOR MEDICAL OFFICE CONDO IN LAKE FOREST, CA
Property:
Office Condo in Lake Forest, California
Opportunity:
CommLoan was approached by an investor that was two weeks into escrow on an acquisition of an office condo. Despite their existing relationship, their bank had re-traded them from 70% LTV to 60% LTV.
Solution:
CommLoan was able to get the deal back on track for the original contract due diligence … Read More