In spite of having a top notch credit score for two decades, a strong self-employed job for two years next month, a two-income family, and a renter of half our building with the other half being rented in a month or two….I’ve been unable to find any local bank (or even a local "national" bank) willing to refinance so my sis and I can get away from an 8.5 per cent interest mortgage.

HERE’S MY QUESTION: are there ANY banks out there who are less stupid than the ones I’ve gone to and who ARE refinancing and WANT my money??? Can you name them to me? How can I find them without going through ALL the paperwork and time, only to be turned down over and over for one ridiculous reason after another?

PLEASE NOTE: I’m not asking why banks don’t refinance right now. I’ve heard those excuses. I’m just asking if ANY are refinancing commercial loans. lol .
I have no idea what the first answer below is talking about. I didn’t ask if I qualify for a commercial loan. I already HAVE a commercial loan. And getting a "straw buyer" seems like a poor idea. I’m just wanting to know if ANY banks are refinancing commercial loans for low-risk folks like myself, and HOW do I find them??

Seems the trend commercial real estate loss could reach 40-50% this year, so commercial loans could default, not to mention consumer Option-ARMs and Alt-A loans resetting , which is more likely than not to plunge the US economy back into a another recession or worse depression. I don’t see inflation as a problem now but more deflation. I would like to hear other opinions and please pass this question on. So … how would you counter invest this possibility? Diversity seems obvious, but in what categories?
Basics such as agriculture may become a prime opportunity, perhaps even more than precious metals?

I have a commercial pocket listing. I told a mortgage lender I know that deal in commercial loans and told him if he had someone interested let me know. He calls me the other day and says he has an interested buyer BUT, there’s always a BUT. But, it’s not his buyer, he has another friend that is a commercial lender and it’s his buyer. The buyer does not have an agent so I will be facilitating the deal. The mortgage lender wants a 3% "finder’s fee" and my friend the lender wants 1% of the total purchase price from me (out of my commission, which is 2.5%), or they won’t bring the buyer to the table. Can the buyer’s lender get a 3% commission, my head and R.E. laws tell me NO, I already know I can’t pay my "friend" the lender 1% since he isn’t licensed? I am extremely perplexed by this, he tells me "it’s done all the time" I had never heard of it.

Can the buyer pay them a finder’s fee? My seller thinks they’re nuts, I am inclined to agree

Thanks for the help!

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!

Hello and thanks for helping! I have had a hardship situation since May due to my small son carrying an infectious disease. I have had unexpected medical expenses and other related (diet, care, etc). I have never been late or missed mortgage payments. After being shut down for any options, like trying to get money out of my retirement account or try to refinance, I applied for a temporary loan modification with Wachovia. I called today after 3 months and they told me to update the financial documents. Now, in these 3 months, something else happened. My husband business partner decide to retire and asked him for ,000 to sell his part or he would go and sell it to someone else. We tried to get any commercial loans thru banks but they were denied (and we still have excellent credit). We ended up taking the money form our home equity line. My question is: What is the best way, if any, to document that new situation when updating my hardship letter and financial statements for Wachovia? Thanks a lot.

A trillion dollar commercial real estate crisis will begin to unfold in 2010, when short term loans must be refinanced, yet commercial property values have plummeted.

As many as 500 regional banks may fail as commercial loans default, and the FDIC only has 10 billion left to cover insolvent banks. Compounding this Deuthsche Bank forecasts that 48% of home mortgages will owe more than the home is worth by the end of 2011.

I am Mr. Michael Plato a private lender. I give out
both private and commercial loans to both
individuals and corporate business organisations at
a low interest rateA.Under my loan process, repayment
can be made either monthly or yearly.If you need
more details or you wish to obatin a loan from
me,you can contact me via e-mail:
michaelplato_loan@yahoo.com

I am selling an office building and I want to make money off the mortgage itself if possible. Hopefully someone who does commercial loans will read this. Is there any way I can work with a commercial lender to try and sell a mortgage from them, instead of just sending the buyer out on their own to go get a commercial mortgage? Just so there is no confusion, I am not looking for a commercial mortgage. I am the seller of an office building looking to also make money off the mortgage if I can get the buyer to go with a mortgage lender of my choice, if this is possible.

A mortgage would be fine. I have good credit and a rental property (single family home) that I have renovated. I have had the property for 2 months so it is not seasoned yet. There is about k in equity now. I want to keep the property. How can I pull it out now without waiting? I would like to buy another house and need the cash for repairs. Then I will be in the same situation of pulling the equity from the next place. My mortgage broker says that I need 6 months seasoning. I will be getting a couple commercial loans but not for a few more months. Ideas?

In the USA, I read on the Securities Exchange Commission Website ( SEC) that Hedge Funds do not have to register with the SEC.
Are there any companies that offer a list of hedge funds for free? The reason I’m asking, is that I broker Commercial Loans. Typically, when I approach a hedge fund for financing on commercial real estate financing, I wind-up having to call other Loan brokers to get the names of the Hedge funds that they have gone to, and of course, I wind-up having to pay those brokers and sign non-disclosures just to get the name of the hedge fund that they used. I sick of dealing with other loan brokers, How can I get a list of Hedge Funds that I can apply to without having to go through other loan brokers?

I would like to start generating commercial loans,
Does any one have any advice that can help me out?
maybe some good websites or lenders.

All info will be beneficial to me on this quest to be an independant loan officer

We just refinanced 2 rental properties from commercial loans to 30yr non owner occupied loans for a better interest rate. But now the deeds are back in our names than in our LLC. We want to protect our personal assets as much as possible and have been advised by our accountant to remove my name from our personal property deed, and to do a quit claim deed to put the rental property back into the LLC, and removing his name from the LLC.

I am currently in the market to buy a five unit multi-family property listed at 0,000. Because it is considered a commercial property I’m having a hard time finding a lender that does commercial loans under 0,000. I should be able to put 20% down by drawing equity out of another propriety so I don’t foresee there being a problem financing it. I would appreciate any suggestions.

General: what are some of the pros and cons about real estate, rentals in particular. And also I have heard commercial leasing/sales is the most lucrative. How are leasing commissions usually given in commercial loans, I know in residentials it’s usually a split of 1 months rent. Also what would you advise a newbie (I have had my re lisence for a year and a half but have not used it other than 1 summer very part time) looking to take a jump to self employment as steps to getting organized (health ins, taxes, learning sales and marketing techniques for my area, etc.) What 3-5 things would you recommend to a new agent that you wish someone told you.

Boston Rental agents: pros and cons to rental market in and around boston, what a typical day is like, what tips for interacting and finding landlords. Any tips on marketing the luxury buildings?
Also a general what books in real estate and sales had the best impact and information, but also kept it light enough to want to read.?

Where is the best place for a new real estate investor to apply for commercial loans? There are many banks and online lenders offering commercial loans, so out of the thousands of options, where is the best place to start? I have read many books, but none seem to be updated with the current options the internet provides. If someone could recommend a good book on commercial real estate financing, that’d be great too. But my main question would be, where is the best place for a new commercial real estate investor to get a loan (for real property, not a business loan)? Thanks.

I would like to purchase a mix-use commercial space from the owner. I own all of my inventory. I need help locating a bank or mortgage company willing to work with a self employed entrepreneur. I have a equity line of credit already with a small credit union, however, they do not offer mix-use commercial loans. Can someone out there please help to steer me in the right direction? I need a second chance. Patricia

I want to offer commercial loans. I am runnimg into lenders that do the loans themselves. We want to send in broker packages to them and sell their loans. Moreover, we would like to find lenders that offer interest only loans.. Thanks

My lender just gave me a good faith estimate 7 days before closing. The rate is not what he told me.I have been asking for a month for one. What is the law on commercial loans??