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| Link to our Articles | Printer-Friendly Version |
| "Love Your Hat!..." What is Your Lender Really Looking at When You Apply for a Commercial Mortgage? |
| By Frank Gallinelli |
|
When you purchase a piece of income-producing real estate you typically
need to secure mortgage financing to complete the deal. It can be
helpful and sometimes essential if you know what your lender is looking
at when underwriting that loan. If you guessed that he or she is not
admiring your millinery, you qualify to read on. Perhaps the most basic underwriting guideline is the Loan-to-Value ratio. This is the relationship between the amount of the loan (all loans, if more than one is involved) and the value of the property. Loan-to-Value = Amount of all loans / Lesser of selling price or appraised value Value has a particular meaning here in "mortgagese." Continue reading--> |
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| ~ Creating Real Estate Investment and Development Software since 1981 ~ |