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Small Commercial Mortgages

Freedom Legacy Consulting works with Business Owners to provide direct lending for your commercial urgent financing needs. Many of the businesses that we work with have found that traditional banks will not underwrite small balance loans or loans to support building purchase, renovations, debt consolidation or some other commercial mortgage application. Many self-employed building owners find that banks just don’t understand them, but Freedom Legacy Consulting does!

April 23rd, 2019 Small Commercial Mortgages

Church Loans

Church Financing and Guarantee Church financing is a type of commercial loan that is specifically used for religious organizations. The type of church financing we offer generally differs from traditional commercial loans in a few important ways. Most of the church loan products we offer do not have personal guarantees. However, there are exceptions to this and circumstances where we do need personal guarantees. In general, a personal guarantee requires if the church cannot qualify for a loan based on its income but the leadership of the church still wants the loan. For instance, ...

April 18th, 2019 Church Loans

Record 2018 Commercial and Multi-family Lending

Multifamily properties led the list of investments in what was arecord year of of commercial and multifamily lending in 2018.  Commercial and multifamily mortgage bankers closed $573.9 billion in loans during the year according to results from a Mortgage Bankers Association (MBA) survey.  The total represents an 8 percent increase from the volume in 2017. Multifamily lending accounted for $266.4 billion in lending volume. This category was followed by office buildings, retail properties, industrial, hotel/motel and health care.  Ninety-six percent of the volume was in se...

April 12th, 2019 Record 2018 Commercial and Multi-family Lending

Rise in Renters

Economic factors such as student-loan debt, a lack of entry-level single-family homes and rising interest rates have stifled homeownership. College graduates in the Class of 2018, for example, walked off the stage with a diploma and an average of $39,400 in student-loan debt.   If the headline of a recent Trulia research piece, “The American Starter Home: Expensive, Small, Broken Down, and Hard to Find,” doesn’t make the case clearly enough, the data points certainly do. From 2012 to 2018, the inventory of starter homes declined 49 percent while prices rose 58 perc...

April 9th, 2019 Rise in Renters

What do you need for a Commercial Construction Loan?

Keep in mind that each Lender has it’s own specific guidelines and that commercial construction loans take quite a bit of diligence before they are approved. This is only meant to be a general list of the items you should consider preparing in advance of contacting Lenders for an investment construction loan. General Project Documents Project Executive Summary, including schedule of Sources & Uses Status of entitlements and permits (regulatory letters, if available) Resumes for Architect, General Contractor AIA bid submission, if available ...

April 2nd, 2019 What do you need for a Commercial Construction Loan?