EDUCATING POTENTIAL BORROWERS
I feel like commercial mortgage brokers and commercial mortgage lenders need to do a better job of educating potential borrowers about what…
MORTGAGE BROKERS: SHOULD YOU BE A GENERALIST OR A SPECIALIST?
The brokers that bring us loans can be classified as either specialist, i.e., the specialize in a specific industry type, like gas…
TYPES OF PROPERTY WE HAVE FINANCED IN LAST TWO YEARS
• Apartments • Auto Dealership • Auto Repair • Bowling Alley • Cabin Rentals • Campground • Convenience Store • Church •…
THE TOP 5 CRAZY BORROWER QUESTIONS ASKED IN 2018
5. If I use your capital and pay the interest, will you fill out my tax return? 4. If you don’t deal…
UPFRONT FEE?
Should Commercial Mortgage Brokers Charge Borrower’s an Upfront Fee? This is a hotly debated topic, with many investors, borrower’s, and real estate…
How Mortgage Brokers Can Salvage a Deal When the Borrower Owes More than the Property will Support
1. Negotiate a reduced payoff with the current lien holder(s) 2. Ask the borrower if he has other property he owns free…
Evaluating Passive Real Estate Investments
TICS (Tenants in Common), 1031 exchanges, REITS, Real Estate Mutual Funds, LLCs, Limited Partnerships. The types and number of passive real estate…
Breaking through the Loan Approval Nonsense
Many lenders seem to be afraid to approve a commercial mortgage loan. Their requests for ever more exotic and marginally relevant information,…
Get Rich Quick! Sure!
You know a borrower just attended a get rich quick real estate seminar when they say: 5. What do you mean you…
How Commercial Mortgage Brokers can Earn $250,000 (or more) annually ?
After 20 years as a private mortgage/hard money direct lender, I have dealt with over one thousand commercial mortgage brokers. The most…