Better Loan Closings for 2024
Increase Your Chances for Loan Closing for 2024 5 –UNDERSTAND YOUR BORROWER’S NEEDS AND DESIRES COMPLETELY. This has to do with…
Hard Money is not Dead!
Hard Money Lending is not dead! Although there have been significant changes due to the recent pandemic, you can still obtain a…
Crowdfunding Objective
PMF Partners objective to crowdfunding is simple: create the greatest return for the least amount of risk for our investors. A task…
Borrowers Still asking Crazy Questions During Pandemic
5. “It says you lend nationwide. Does that include all 50 states or just the 13 colonies?” 4. “Can I get a…
A Sudden Increase for Hard Money
PMF Partners have noticed an influx of new applications from borrowers who normally wouldn’t use hard money. But since most banks and…
What Are They Thinking? Crazy Questions from Borrowers
1. “How much does my property have to be worth to borrow how much”? 2. “Can I borrower under an assumed name”?…
The Five Greatest Borrower Delusions
1. That they can borrow 100% of the purchase price because “the property’s worth double that” 2. That the property they’re purchasing…
Why Crowdfunding has NOT Been Effective for Commercial Mortgage Loans
Why Has Crowdfunding NOT Been Effective For Commercial Mortgage Loans? 1. Disconnect between ability to raise capital and ability to generate 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…