Making
the Case for Your Commercial Refinance
When the economy is blazing away at warp speed, everything is
- or at least seems - easy enough. Forecasts are easier to meet,
partners and lenders are easier to find. But sometimes the economy
is not so good, and we have challenges to meet. At this writing,
we find ourselves in the middle of a bad case of credit lockjaw.
If you're holding a property today with a mortgage that will
balloon in the near future then you need to find a new loan,
and you're probably going to have to work for it. That means
doing some homework, understanding the process, and building
the most compelling case you can for approval of that new loan.
In the first part of our latest article, "Making the Case
for Your Commercial Re-Finance," we tell you what information
you must gather before you apply for the loan. We help you understand
the loan underwriting process as the lender sees it, and show
you how to estimate the maximum amount of financing you can
reasonably expect to get.
In Part, we'll demonstrate the process of building a presentation
that will help you make a strong and effective case for your
commercial re-fi.
To view Part One of this article, just go to realdata.com
and click on the "Learn" tab on the menu bar.
If
you haven't read Frank's latest book...
...what are you waiting for? Mastering Real Estate Investment
not only takes you through the key calculations that every real
estate investor needs to understand, but also through four sample
investment scenarios that are very much "real world:"
a single-family home as a rental, a re-hab project, an apartment
building, and a small shopping center.
This is some of the same material Frank teaches in his grad-school
classes. Skip the dorm life and dining hall food, and go directly
to a fuller understanding of how investment real estate really
works.
You can get more info about this and Frank's other books at
http://www.realdata.com/gallinelli.shtml.
On that page you'll also find links directly to the Amazon page
for each book.
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