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 5 Biggest Lies About Financing Told By Real Estate Gurus
1. That you can buy real property with no income, bad credit and no money. 2. That you can “over leverage” a…
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…
How To Sell a Commercial Property that Can’t be Financed
Some commercial real estate just can’t be financed. The property is vacant, needs extensive repair, or there may be environmental, location, or…
The Most Ridiculous Loan Packages I Ever Received
5. A list of loan requests copied and pasted from Scotsman Guide with the broker adding a note to include 3 points…
The Five Biggest Frustrations for Mortgage Brokers
5. Borrowers who decide to “go a different route” after you spend 20 hours sourcing their hard to finance loan 4. Loan…
When is a “Hard Money Loan” NOT a Hard Money Loan
Different private and hard money lenders have different criteria for approving and funding a commercial mortgage loan. Most people in the commercial…
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 successful…
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…