Commmercail Loan Application Do's and Don'ts

By
Real Estate Mortgage Broker with 23 Ventures LLC

I have seen in the last 6 months some crazy things; While clients are trying to obtain a Commercial Loan.  Here are some Do's and Don'ts.

 

Do's

  • Complete and accurate year to date Income and operating Statement
  • Clear Executive summary-(go here for tips on how to write one)
  • Updated Rent roll
  • Complete Personal Financial Statement
  • 3 years tax returns

Don'ts

  • Try to pass of an old Financial Statement
  • Lie about you Credit
  • Don't try to hide any negatives, it all comes out in the wash.
  • Play games with the down payment or Partners

These are just some of the things, the main thing is just be honest and i can help put a Commercial loan package together, if you hold stuff back it just delays thing and upsets the underwriter.  We need to make the underwriter our friend not an enemy. If you do thing the right way we have a good chance of putting a deal together.

If you have any question on what you need to put together please feel free to ask.

_____________________________________________________________________

We have Money to lend!!! We are in all 50 States and provide Great Service, are Honest and Show Professionalism.

The above information regarding Commercial Loans was provided by Christopher Hills, the Senior Vice President for In-Vision Financial Holdings, LLC. Chris can be reached via email at chris.hills@in-visionfinancial.com or by phone at 508-377-5872 x 704.

I am dedicated to helping you find the right financial solution for the purchase or refinance of your next commercial project

For Commercial lending nationwide see In-Vision Financial Holding

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________________________________________________________________________________________________

We have Money to lend!!! We are in all 50 States and provide Great Service, are Honest and Show Professionalism.

 

  • Commercial Loans
  • Hard Money
  • Venture Capital

Christopher Hills, President & CEO , 23 Ventures LLC. Chris can be reached via email at chris@privatemoneyusa.com or by phone at  508-488-9186

For all Loan needs nationwide 23 Ventures LLC

----------------------------------------------------------------

We have Money to lend!!!

www.privatemoneyusa.com

508-488-9186

 

 

 

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Topic:
Mortgage / Finance
Location:
Massachusetts
Groups:
Commercial Real Estate
Commercial Real Estate Financing
MA REALTORS
NATIONWIDE INVESTORS NETWORK
Realtors®
Tags:
commercial lending
commercial loans
hard money

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Rainer
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Charles Perkins
Charles G. Perkins, CPA

Do you have a minimum loan size?  How much would normally be required as down payment? Do you do 504 loan packages?

August 11, 2009 01:58 AM
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Rainmaker
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Christopher Hills

Managing Dir. Lending
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