An industry service from the Real Estate CyberSpace Society!
Sometimes a new client will ask what issues tend to come up again and again during the commercial mortgage financing process and what mistakes they should try to avoid. Here are the top seven mistakes that come to mind. As you’ll see, most of these fall under the general topic of “timing is everything”:
1) Searching too hard for the “bottom” when choosing the moment to lock an interest rate-focus on the monthly/annual payment being within your target range. DO NOT focus on…
Added by Ron Peterson on June 4, 2012 at 10:33am — No Comments
The Mortgage Bankers Association predicts that $230 billion of commercial mortgages will be originated next year, up 17 percent from the $196.5 billion of loans that were originated lastyear.
In the trade group's first such projection, it said origination volumes would climb annually after this year, hitting $290 billion in 2015.
This year's projected increase in origination activity will boost the universe of mortgages outstanding by 2 percent to $2.4 trillion this year and to…Continue
Added by Ron Peterson on June 4, 2012 at 10:31am — No Comments
The current economic climate has resulted in tighter lending by traditional banks and less money for real estate investing. Private Funding is taking over where traditional banks have left off private lenders have a much greater flexibility, can offer more creative methods of financing and are definitely open to negotiation. They usually have lesser requirements compared to traditional sources. These investors look for higher than normal rates of return which would mean you…Continue
Added by Ron Peterson on June 4, 2012 at 10:15am — No Comments