We took out a mortgage 7 years ago on our commercial building in order to run a retail store. A few years later, we established an LLC for the business.

Then, when we closed our store, we kept the LLC business name and turned it into a Investment business. i.e. it now was a business just for the investment of having a building.

Our balloon just came due. They put the Debt Modification Agreement in our names. I explained that we wanted it in the LLC name. The loan officer said that would mean a whole new refinance as far as using the LLC, and we’d have to pay more for an appraisal instead of the evaluation of worth that was used.

He then said it would be easier to just to a QuitClaim Deed and point the mortgage to the LLC.

I’m suspicious of this. Can it work and would it really protect OUR assets IF something went wrong in the future…the way an LLC would??

We are entering into a short sale on our 2nd home (a vacation home). We have assets, piece of commercial property, in good standing on our primary residence. Have deep savings accounts, etc. We will want to sell our primary home and move to another home in a year. Will this be possible with a short sale on our credit? Will lenders overlook if you have the assets to cover the transaction?

Lets assume I want to get into the business of buying and leasing commercial real estate. Can I just start an LLC or Incorporation, identify a property (ie: Office Complex for 0,000), then go to the Bank and say, My XYZ Corporation needs a loan to purchase a 0,000 complex that will be leased out for ,000/yr.

Would the Bank Grant the Loan, knowing the property secures the loan? Or will the bank demand that my XYZ Company have 0,000 in assets that will secure the loan outside of the property being purchased?

According to the nations largest commercial real estate firm, Marcus and Millichap, lenders are not liquidating distressed properties. Instead they are holding them and collecting the income until the market changes by paying management companies to run and improve the cash flow of the foreclosed businesses, shopping centers, apartments, etc.

All of a sudden banks are seriously in the commercial real estate business! They are not making new loans. Commercial loans and SBA loans are down somewhere like 95 percent this year!

Since banks made bad decisions to begin with why are they allowed to hold these assets instead of liquidate them like they should? A troubled bank should not be able to afford to hold these assets, let alone hire a management company. Are they able to afford it because of the bailout?

I am real estate salesperson for the commercial real estate industry and I’m upset because without loans, I have no business. Commercial sales in my office is down like 90 percent this year, and I work in an office with like 250 agents!

My sister is a developer and has an investment company based in Dubai (over billion in assets). I am looking for a hard money lender in the U.S. (preferably NYC) for about million and want to use her land (we can use million worth of land) in Dubai as collateral.
Does anyone know where I can find a hard money lender who can/will do this. Any help would be greatly appreciated

Say the property was 0,000. And through an LLC can I finance the 0,000 as a new LLC without any company credit or assets. Say that they want %10 down also. Could I personally garauntee the ,000 myself and lend that to the LLC. So then the LLC can make the down payment. So if i did it that way could I then finance the other 90% with the LLC. Cause I was always under the immpression that commercial rental properties are not valued like a home. That the loan is based on the actual property itself(the value of the building). So the loan amount wasn’t based on assets that the LLC already had, but that it could be based on what the building was worth. Please help. thankyou
closing fees and transaction fees realy has nothing to do with it. You can get the seller to pay or you can finance them in with the building. thanks though

Assets= Current liabilities + long term liabilities + shareholders’ equity
Net income= Revenue – expenses

1-Made an adjusting entry to record interest on a short term note payable.
2-Made a monthly installment payment of a fully amortizing,six-month, interest-bearing installment note payable.
3-Entered into a contractual commitment with a television network to purchase sixty 30-second commercials to be aired in each of the next 18 months. The cost is ,000 per month, payable on the last day of the month in which the commercial aired.
4-Came within 12 months of the maturity date of a note payable originally issued for a period of 18 months.
5-Made an adjusting entry to accrue the monthly interest payable on a long-term mortgage.
6-Estimated the income taxes expense relating to the month’s business income.

Indicate the effects on the accounting equations using I for increase, D for decrease and NE for no effect.

Thx in advanced!!
*****Indicate the effects***** on the accounting equations using I for increase, D for decrease and NE for no effect.

It’s either I, D or NE for the balance sheet and income statement……….
HELLOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!

To whom it may concern,
Hello, my name is Eddie. The reason for this post is because I’m looking for a hard money loan or a loan without requirements. I need a bridge to finance a property that I want to buy and invest in. I do have a job but I don’t have good credit or assets to put down as collateral but I was hoping to secure this loan with the piece of real property that I want to buy. I don’t know if it works that way but that’s what I was hoping to accomplish. The property I want to buy is in the City of Oceanside California, San Diego County. It’s a 2bdrm. 2baths. Condo currently listed at 9,900 it’s an REO Bank Owned Property and the agent told me that the bank MIGHT take a lower offer. I was hoping to get a loan for 9,900 and then offer 0,000 and hopefully get it at 0,000 and then fix up the condo for sale in like a month or two and list it at 0,000. The condo needs some repairs but nothing major. Please help.

eddielugan@yahoo.com

Looking in the neighborhood of 750k – 1.5 million dollars… Assuming the only thing you have to liquidate any assets from would be the home and 401k what are other options where this level of funding could be acquired (DO NOT INCLUDE credit cards or venture capitalists in your responses) ?

I need answers that speak towards women and minorities seeking loans to acquire commercial property.

Thanks!

I need K for a surgery that will be performed on myself this year. I am a private real estate investor so my pay fluctuates, however, I seem to do just fine. I just purchased a newer but used Honda Accord 3 months ago, put K Down, and owe about K more, and I own 2 homes, appraised at 5K A piece, and on each I have two hard money loans in the amount of K per property. The rest is just equity. I have both homes for sale, however, the market is dead. My credit is about 625, however I could easily improve it

This is my situation. Would my assets help me to get a loan? I dont necessarily want to BORROW more on them… I am just wondering… what kind of a part it would play in getting myself a loan. Thanks : )

PS: My Health Insurance wont cover a thing. Thanks : ]