Blog Archive

Showing posts with label apartment buildings. Show all posts
Showing posts with label apartment buildings. Show all posts

Wednesday, September 9, 2015

We offer the most attractive Apartment Building Financing on the Market Today!!

We offer the widest range of financing options for Apartment Building Owners and Investors.

The highest loan to value. The longest amortizations. The lowest interest rates.

Whether it’s for a purchase or refinance.

Whether it’s for permanent or bridge financing.

Call 863-299-2929 today for a free quote or visit our web site at www.CommercialLendingPros.com for a quick on-line pre-qualification of your commercial loan request. It only takes about 2 minutes.

Tony DeCresie
Commercial Lending ProsYour #1 Source for Commercial & Business FinancingOffice: 863-299-2929 eFax: 863-877-4456 Cell: 813-833-3132www.CommercialLendingPros.com

Wednesday, January 14, 2009

We Are Lending! Commercial Loans Available!

Commercial Loan Update:

Wall Street lenders are still on the sidelines and the scrutiny on them will keep them there for most of this year. Local banks are in a world of hurt with most local banks just trying to survive – 86 local banks are projected to fail this year in Georgia alone. These guys are on the sideline as well.

This leaves us! We are still lending. In fact, the big hedge fund money is coming back into the market. They are even looking at residential subdivisions again – incredible. Big projects that have stalled will begin to move again. How do I know? Of the 50 commercial loans in our pipeline fully half of them are the large projects, almost $3 Billion in total loan volume. Many of these large projects are approved or close to approved – and with little or NO due diligence! Not the rip-off scams that have become prevalent! We are real lenders…we are closing loans every week.

In fact, we are the number one commercial mortgage shop in the country.

For detailed information or a specific quote on a loan scenario, give us a call at: 863-298-8900 or 813-833-3132 To fill-out a quick loan scenario Pre-Qualification form visit: http://commerciallendingpros.com

Thursday, October 16, 2008

Where's the Money? Answers from the Experts

From the Experts at CommercialLendingPros.com:

This is what the lenders of money are saying:

  • Commercial construction loans for condominiums, condo-conversions or residential home developments will be very tough in this unstable market. There is a new program with funds available but only the strongest of these deals have a chance to get funded. Visit http://commerciallendingpros.com/Breaking_Financial_New.htm
  • Financing for gas stations and restaurant purchases and start-ups will be tough.
  • Funds are still readily available for multi-tenant properties like apartment buildings, office buildings, strip centers, shopping malls, mini storages, etc. Existing income producing properties with a verifiable track record of cash flow are the preferred property types right now for most lenders.
  • Unsecured Business and Personal Lines of Credit are getting tougher to approve. Absolute minimum credit scores (all 3 bureaus) are 700+. Absolute minimum time in business is 2 years. But to secure amounts above $100,000, your prospect better have mid-700’s or higher scores and be in business a lot longer than 2 years. Also, business owners who are Realtors, real estate investors, contractors or are in any other business where the industry is considered “depressed” – may get denied even with excellent personal credit unless they are willing to document income with tax returns.
  • The best Venture Capital sources seem to have tightened their purse strings extensively and become very picky. Funding for venture capital and joint venture projects is very difficult right now.
  • Accounts receivable financing and merchant credit card cash advance programs are still going strong with very flexible guidelines, easy approval and quick funding.
  • Our Interest Only / No Doc loan program for small loan amounts is also very strong right now. $150,000 - $300,000 loan amounts for investment properties. $150,000 - $600,000 for owner-occupied properties. No minimum credit score requirements. No income verification required. Maximum 60% - 65% loan to value. As long as you stay within the loan amounts mentioned above.
  • No income verification loans are still available but maximum loan to value is currently 70% for purchases of most commercial property types and 60% -65% LTV for refinances. Maximum loan amounts typically can not exceed $1 million for these programs.

Call us today if you have a loan scenario you would like to dicuss: 863-298-8900 or 813-833-3132. Or visit our website and fill out a short pre-qual form at: http://commerciallendingpros.com