Commercial Mortgages 101Commercial Mortgages 101
Everything You Need to Know to Create a Winning Loan Request Package
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Book, 2010
Current format, Book, 2010, , All copies in use.eBook
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Including basic explanations of commercial mortgage terms and phrases, this practical volume by Reinhard (mortgage banker, Texas Commercial Mortgage) is intended for beginning real estate investors looking to move into commercial real estate investment. The overall goal is to explain how to create a professional and persuasive commercial loan request package. It covers the six critical components of such a package and then goes into more depth with explanations of how to demonstrate financial strength and credit worthiness, choose the right form of ownership with a firm grasp of tax and liability differences, and knowledgeably respond to a lenders preliminary loan proposal. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
Independent commercial real estate broker Michael Reinhard has been leveraging the financial benefits of our strong economy for years. In this practical and insightful guide, he offers tools to help others in their pursuit of commercial real estate opportunities. By providing a thorough overview of commercial mortgage underwriting and credit analysis, Commercial Mortgages 101 teaches readers how to think and speak like commercial real estate lenders; quickly size and under write basic commercial real estate loans; prepare personal cash flow statements; read and interpret lenders’ preliminary loan proposals’; create a Schedule of Real Estate Owned; prepare a persuasive and professional loan request package; and much more. Credit and financing issues pose the greatest challenges to prospective borrowers attaining the money and mortgage terms they need. Whether you’re a real estate investor or a mortgage broker trying to decide on the right form of ownership (LP, LLC, Co-tenancy, or others) or you need to calculate your true net worth and liquidity to ensure your loan is approved, Commercial Mortgages 101 is your start-to-finish guide to success.
For aspiring commercial real estate investors and mortgage brokers who are ready to take advantage of the booming housing market, this step-by-step guide explains how to secure the financing and mortgage terms you need to reap profitable rewards.
Independent commercial real estate broker Michael Reinhard has been leveraging the financial benefits of our strong economy for years. In this practical and insightful guide, he offers tools to help others in their pursuit of commercial real estate opportunities. By providing a thorough overview of commercial mortgage underwriting and credit analysis, Commercial Mortgages 101 teaches readers how to think and speak like commercial real estate lenders; quickly size and under write basic commercial real estate loans; prepare personal cash flow statements; read and interpret lenders’ preliminary loan proposals’; create a Schedule of Real Estate Owned; prepare a persuasive and professional loan request package; and much more. Credit and financing issues pose the greatest challenges to prospective borrowers attaining the money and mortgage terms they need. Whether you’re a real estate investor or a mortgage broker trying to decide on the right form of ownership (LP, LLC, Co-tenancy, or others) or you need to calculate your true net worth and liquidity to ensure your loan is approved, Commercial Mortgages 101 is your start-to-finish guide to success.
For aspiring commercial real estate investors and mortgage brokers who are ready to take advantage of the booming housing market, this step-by-step guide explains how to secure the financing and mortgage terms you need to reap profitable rewards.
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- New York : American Management Association, 2010.
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