I found a apartment in Kansas that is worth 27 Million dollars and i will like to ask can you give me names and phone numbers or even website of lenders who can give me 100% seller financing?

Also Can a apartment that never had debt do have no apraisal?

please give me a answer thank you
The apartment building is 98% occupied good cash flow
The seller said that the property has no dept that the reason why they dont have a appraisal

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!

This is an existing Bed & Breakfast home stay (NOT an inn). It is NOT zoned commercial. The previous owners used it as their primary residence and we would too. There are a total of 5extra bedrooms that we would provide transient lodging from. I’ve gotten differing answers from various lenders. We have been approved for an FHA loan. Since this IS our primary residence, can we Proceed?

Subject: From a retired Banker on the current fiasco!!! WORTH THE
READ…no matter who you favor for President–

FROM A RETIRED BANKER

Written by Jack Kelly
Thursday, 18 September 2008

Lending money to people who probably won’t pay it back isn’t good
Business. If you wrap crummy loans in a clever package, they’re still
crummy loans.

Your typical Wal Mart shopper understands this. But the Masters of the
Universe on Wall Street and in Washington evidently didn’t.

Ostensibly to aid the poor, the Clinton administration and Congress
Encouraged lenders to give mortgages to poor credit risks. The
Combination of easy money and the expansion of the number of borrowers
By extending loans to poor credit risks sent housing prices through the
roof, creating the bubble whose bursting has led to this crisis.
Congress in 1999 repealed the law (the Glass-Steagall Act) that
established a bright line between commercial and investment banks.
This meant bad investments by banks could jeopardize depositors.
Wall Street created ‘derivatives’ which multiplied profits in good
times, but which also multiplied risk if there were defaults.

Most important was corruption and mismanagement at the Federal National
Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage
corporation (Freddie Mac), which together controlled 90 percent of the
secondary mortgage market.

Once your bank has lent you money to buy a house, it can’t lend the
money again until you pay it back. But if your bank sells your
mortgage, it can make another loan right away. Without the secondary
market, most of the funds for home mortgages would dry up.

Fannie and Freddie went broke because they had bought billions of
dollars worth of subprime mortgages, on which borrowers defaulted when
the housing bubble popped. Fannie bought most of its bad mortgages from
Countrywide Financial, whose CEO, Angelo Mozilo, gave sweetheart loans
to senior executives of Fannie Mae.

Fannie and Freddie cooked their books so senior executives would be
paid millions of dollars in bonuses to which they were not entitled.
Inadequate regulation kept the book-cooking from being discovered
until the crisis had become a catastrophe.

President Bush proposed regulatory reforms in 2003 but Congress took
no action. In 2005, John McCain and three other GOP senators proposed
a strong reform bill. It died when Democrats threatened a
filibuster.
When the bill was reintroduced in this Congress, Sen. Chris Dodd, the
New Democratic chairman of Banking Committee, refused even to hold a
hearing on it.

Democrats opposed reform in part because they feared it would mean
fewer loans to poor people.

‘Fannie Mae and Freddie Mac are not facing any kind of financial
Crisis,’ Rep. Barney Frank, D-Mass, told the New York Times when the
Bush bill was introduced. ‘The more pressure there is on these
Companies, the less we will see in terms of affordable housing.’

I want to request a loan on Prosper.com for ,000, to study a foreign language abroad for a year and a half, with the ultimate goal of landing a job as a translator with a DoD contractor, the recruiter for which I’ve already lined up the slot for. I get the training, I get the job. I can’t get a "conventional student loan" because this school is not on the "approved" lists. I have good credit, so I’m sure I can get the loan.

Here’s the thing: It’s a full time study course. I can’t be employed while I study there. So I need the repayment of the loan to be deferred at least 6 months after I graduate. I can complete my studies in 1.5 years.

Will I be able to defer my first payment until after I graduate? I know conventional and private education lenders (like the Astrive student loan commercials say) will defer, but will Prosper lenders do it?

If not, can you point me in a direction?

Thanks for any responses.
I figured they wouldn’t. The name of the school is The Fajr Center For The Arabic Language. www.fajr.com. Maybe someone can point me in the direction of a lender who handles this kind of situation.

Thanks for the response.

I will be attending a recording workshop next month and some prior financial arrangements fell through… The school is a technical school and I only need about ,500.00. Compared to other school loans this is change, but I need this loan before January. I know that it has to be a private student loan but I’m really not quite sure how to go about it and the pros and cons of lenders. I see commercials from Astrive and such, but I’m not sure if a place like that is my best bet. Any comments will help. Thank You.

jac.

Ive been a broker for residential loans and now I have my first commercial deal & it’s a new construction for a retail space. , I’ve learned, I’ve asked around and read some books, magazines and got some good resource from the net, and talked to lenders as well… but it’s never enough. I’d like to hear some stories how did anyone start from application to funding this type of multimillion dollar loans.. if anyone cared to share.. thanks

I am a licensed commercial real estate agent in phoenix, az, and am interested in providing insurance and mortgage services to my clients,essentially I want to be able to shop 5 lenders/insurance companies to provide my clients the best deals.

How do I identify 5 banks/insurance companies that do commercial transactions?

How much money can I make by providing these additional services assuming that all transactions are more than 300K ( for loans + insurance)

Thanks

I am a licensed commercial real estate agent in phoenix, az, and am interested in providing insurance and mortgage services to my clients,essentially I want to be able to shop 5 lenders/insurance companies to provide my clients the best deals.

How do I identify 5 banks/insurance companies that do commercial transactions?

How much money can I make by providing these additional services assuming that all transactions are more than 300K ( for loans + insurance)

Thanks

Most lenders require hard money loans to be in a city based area. I have found a gold mine property worth twice as much as asking price. Our credit score is in the 500’s.

am currently looking for a cash loan for my company of ,000.00 to 40K secured by Commercial real estate! Contact me at 301-473-9041.

The company name is The Della Group, LLC. I own 1 gas station in Allegany, MD right on I-68 . I need the money for cash flow reasons & to purchase inventory. Please call me after 6PM Eastern time or email me anytime. Serious inquiries only. ..Please, only US lenders…No suggestions from Britian or Europe requesting my info.

Email -Mispola@yahoo.com

Thanks.

I need website links to lenders who process fast, unsecured by property, and that do not need personal credit report to process financing for a business acquisition- utilizing paydex score only within the United States

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

I’ve heard a friend of mine <that does residential and commercial real estate loans> go completely nuts every time her customers shop around for home loans. What do these lender expect someone to just trust them when they say. <hey, don’t be looking at loan numbers from other lenders or I’ll kick you in the ding ding.

Looking to purchase land, and build income property, warehouses, and need to do it without income verification AND little to zreo down payment…

I have decent credit, 745, and currently own 2 houses, one as my primary residence and another as income property…

Any loans/lenders who can supply 100% financing with a no doc or stated income loan for commercial property? Loan amount will be 0,000

Thanks

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 filed for bankruptcy two and a half years ago after getting divorced. I am now trying to buy an existing bar/grill. All the lenders I spoke to will not loan to me till after my bankruptcy is off my credit report(another 7 1/2 years), even though my credit score is average, I have money down, collateral, cosigner and would have equity in the business property.
Does anyone know somewhere that would consider giving me funding???

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

I'm considering getting into commercial real estate loan brokering and I would like to find out how many point lenders usually pay on these types of loans. I know the amount can vary, but I'm looking fo a range so I can calculate my possible commission. For argument's sake let's say an average loan amount would be .5 million. But, any info on how the system works on loans larger or smaller than that would be helpful also. Thanks.

I am looking to refinance a gravel pit, but am having a hard time finding a lender. Do you know of any lenders that specialize in this area?

I would like to buy a 8-unit apartment building for 3K

from what i have found most lenders want about 20% down.
Can i find a lender with little or no down payment?
I can pay other things like prepayed insurance, escrow, ect. but the 20% is kind of high.

Can anyone sugest any lenders?
Any sugestions?

I have worked hard in the past year, and managed to raise my fico score to low 600.

I have only a few bills to pay off.
once I pay these off I will raise my score to get financing to invest in real estate.

Once I pay these off I could raise my score tremendously.
To do this I'm willing to pay a high interest rate.

Ae there any interested lenders?

I’ve been looking into real estate investing for about a year now. I’m still in High School but am wanting to learn as much as I can about it, so that after college I can begin investing. I never owned a home of mine so please bear with me if my questions seem dumb. Basically I’m looking into rehabs, and my questions relate to the loans and out of pocket expenses.

When you take a loan out(bank loan or private mortgage loan) what exactly does that cover? Does it also cover any holding costs, selling costs(agent commission and closing costs), purchase costs(like points up front, interest), repair costs, or does it just cover the sale of the home? Are the holding costs, selling costs, etc expenses that come out of my pocket?

Also, is there anyway payments on the loan can be withheld until the actual sale of the home? My plan would be to buy a home, fix it, and then sell it all within a 2-6 month time period. So I wasn’t sure if lenders would just wait until the house is sold to collect their money

I know down payments are usually around 10-20% of the value, would I be able to borrow the money from a private lender to use as a down payment?

Thanks in advance for any advice that comes my way, and thank you for understanding.