Feb
14
ADVICE FOR THOSE SEEKING COMMERCIAL LOANS
ADVICE FOR THOSE SEEKING COMMERCIAL PROPERTY FINANCING The following article by Joseph Caton appeared in the February 2007 issue of “National Real Estate Investorâ€? and sheds some light on “conduitâ€? or “securitizedâ€? loans which are becoming a larger part of the commercial property financing scene each year. We advise anyone seeking financing for commercial property to ask their mortgage broker or lender to fully explain the pros and cons of any financing they are exploring – interest rates, amortization terms and earlier maturity terms, prepayment penalties, lock out provisions, yield […]
Feb
7
NO CLOSING COSTS!!!!
Last week I broached the subject of No cost home loans, the new phenomenon in the lending industry, which is sweeping the country now. I indicated that major players are jumping on this wagon in ever increasing numbers. This week has reinforce in me the fact that this is going to be a trend for at least the rest of this year (2007) and probably well into next year (2008). Last week I also left a question for you. What strategies can we use with this trend in lending to […]
Jan
31
GROWTH PROJECTIONS FOR 2006 TO 2011
GROWTH PROJECTIONS FOR 2006 TO 2011The projections below for population and employment growth were published recently by Integra Realty Resources, Inc. in its “Viewpoint 2007″ publication. Integra is a large Real Estate Counseling and Valuation firm with over 50 offices throughout the United States. It seems likely that high growth rates in population and employment should lead to opportunities in commercial real estate investments in these cities. 1. POPULATION GROWTH – TOP 10 MARKETS 1. NAPLES, FL2. LAS VEGAS, NV3. AUSTIN, TX 4. PHOENIX, AZ 5. ORLANDO, FL 6. ATLANTA, […]
Jan
30
NO CLOSING COST HOME LOANS
As I pen this information today, hundreds of mortgage brokers and lending institutions are jumping on the latest residential loan trend. “NO CLOSING COST HOME LOANSâ€?. I know that I can’t turn on the radio and not hear about this new loan with no closing costs, and no fees at all. Does it get my attention? It sure does! After years of ferreting out this fee and that fee, paying $800.00 for an appraisal that cost the lender $250.00, my ears do a double take. The no closing cost home […]