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FHA and HUD Multi-family Financing

REFINANCING, BUILDING, REHABILITATING, OR ACQUIRING MULTIFAMILY PROPERTIES The FHA of HUD 223(f) program was created for the refinancing or acquisition of multifamily properties. Many believe that HUD only focuses on Section 8 properties, subsidized housing, or low-income housing. In reality, the HUD 223(f) program insures loans for the full spectrum of market rate multifamily properties across the nation, with further considerations for low income housing, rental assistance, LIHTC, and so on. In contrast, the HUD 221(d)(4) loan, which we’ll discuss shortly, was designed for...

March 30th, 2019 FHA and HUD Multi-family Financing

Good Investment

Is Owning Commercial Real Estate a Good Investment—Can You Make Money in It? If done correctly, yes. Primarily, investors profit from commercial real estate by collecting the cash flow from the property (if investment), building equity by paying down the principal balance of their loan, and by the property appreciating in value over time. Another way to make money from commercial properties is through speculative development or value-add by re-stabilizing or substantially rehabilitating an existing building. However, that is not an approach we would recommend for new investors as...

March 27th, 2019 Good Investment

Private Money

Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers. There is traditionally less "red tape" and regulation. Private money can be similar to the prevailing rate of interest or it can be very expensive. ...

March 21st, 2019 Private Money

Did your bank turn you down

When you’re on the hunt for commercial lending, the most common place to start is a bank. In the past, your local bank was the only place to get commercial loans. Now, there are many alternatives, but banks still offer the most affordable routes and have a physical presence in your community. So, they are a good place to start searching for your loan. If you do get approved for a commercial loan from a bank, consider yourself lucky! Although bank lending is on the upswing, only about 20% of small business owners qualify for a bank loan. Since the 2007 recession, banks have bee...

March 18th, 2019 Did your bank turn you down

Rental Property Investments

Rental Property Investments Are Predicted to Grow Over the Next Decade One component experts use to predict future investment risk is looking at historical data. When it comes to rental property investments, the past decade may be a good indication of what the next decade will look like. The fact that there’s a housing shortage combined with a high rate of millennials and baby boomers preferring renting over owning makes rental property investments very valuable. Now may be the time to seek financing for commercial real estate, since the projections indicate the next decade could brin...

March 13th, 2019 Rental Property Investments

Commercial VS. Residential Loans

1. On a historical basis, commercial loans have been done with concern to the property first and foremost. And residential loans have been done with concern to the borrower. Since the recession though, commercial lenders are just as concerned with the borrower as the property. This is because before the recession when commercial lenders were not strongly concerned with the borrower, many properties went into foreclosure and quite a few banks went out of business. 2. And since the property is such a major concern for the commercial lender, there are 3 things they look for in the pr...

March 8th, 2019 Commercial VS. Residential Loans

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