Less-than-stellar credit, small loan sizes and certain property types can prove to be complications when it comes to obtaining financing for a commercial property. However, the highest hurdle most small business owners face when looking to attain a bank loan is an inability to properly verify their income. As a commercial mortgage broker, it’s important […]
Read More… from The Biggest Commercial Lending Obstacle for Small Business Owners
Regardless of what you’re selling, it’s important to understand your clients. This is crucial in the small-balance commercial mortgage industry, since you’re selling your ability to find your clients financing. As a commercial mortgage broker, your success relies on your ability to provide property owners with the funding they need to achieve their goals in […]
Read More… from Understanding Your Borrowers Means More Commercial Mortgage Leads
About two-thirds of small business owners have stated that their business is still recovering from the Great Recession, according to Bank of America’s spring 2015 Small Business Owner report. Only one in five business owners feel their business has made a full recovery. Despite the slow recovery, small business owners are feeling confident about the […]
Read More… from Offer Small-Balance Commercial Mortgages for Recovering Small Businesses
For many small business owners, owning their building makes life much easier and allows them greater control. Whether a borrower is looking to purchase the building from which they currently do business, a new building to expand their operations or an investment property, it’s important for commercial mortgage brokers to understand what is needed to […]
Read More… from Getting your Borrower a Mortgage for a Commercial Property Purchase
Within the strengthening commercial mortgage market, several industries are showing substantial growth. According to a recent Bloomberg report, one of these is the self-storage business. Between 1998 and 2012, the number of self-storage facilities in the U.S. doubled to 15,000, according to Census data. Last year self-storage companies generated $24 billion in revenue. It stands […]
Read More… from Serving Commercial Borrowers with Self-Storage Properties
If your borrower is looking for quick and easy financing, companies that offer daily-payment loans for small businesses might seem like a great option. These companies determine a borrower’s ability to pay based on their business’s daily cash flow. They offer small-balance mortgages for small businesses, and the average term of these loans tends to […]
The post-recession commercial mortgage market can be unnerving for borrowers. The fact that capital availability isn’t constant is often a major concern for small business owners. As a broker, it’s important that you understand this problem. It’s because of this uncertainty that fully amortizing loans can be a very attractive option for some of your […]
Read More… from Are Fully-Amortizing Loans or Balloon Terms Best for Your Commercial Borrowers?
Small business owners often face many obstacles when working to obtain a commercial mortgage. They may face additional difficulties in the future even if they do manage to get a bank loan. Many banks have the option to renew a commercial mortgage after a certain period of time. However, if the borrower has proven too […]
Read More… from Why the Bank May Not Renew Your Borrower’s Commercial Mortgage
When it comes to applying for a small commercial mortgage, not all lending sources are the same. You’ll find that banks tend to have tighter lending criteria, but there are lenders who are willing to cut borrowers more slack than the banks. These lenders understand the challenges that small business owners face on a daily […]
Read More… from Why Lenders Turn Down Commercial Mortgage Applications
If you’re look to purchase an office building to start your own business or rent to other businesses, or you’d like to refinance on your office building, a commercial loan can help you achieve those goals. In order to start to process, though, there will be some basic information that you’ll need to provide the […]