How to Get a DSCR Multifamily Loan (With No Tax Returns)
A DSCR multifamily loan is a welcome financial tool for may investors. In the past, it was much tougher for smaller investors to get financed for a smaller apartment building or mixed-use building. Banks are willing to lend on 1–4-unit residential properties that qualify for conventional financing. And major property developers had their own sources […]
4 Ways Commercial Property Investors Can Unlock Liquidity In A Down Market
Veteran real estate investors know the story well: It’s very easy even for successful commercial property investors to become asset rich, but cash poor. The problem can get particularly acute when it’s time to turn a property around after a tenant’s departure, for example. Or when you need to make a major unexpected repair. Or […]
Are you a non-U.S. citizen looking for a loan to buy U.S. real estate?
If you are a non-U.S. citizen – whether a permanent resident, non-permanent resident, or a foreign national – entering the U.S. real estate market and obtaining a mortgage loan may seem particularly daunting, especially given the COVID-19 pandemic. However, as lenders are adjusting to the impact of coronavirus, more loan programs previously on pause have […]
Bank Turndowns (Volume 10): Are you looking for debtor-in-possession (DIP) financing to keep you afloat during bankruptcy?
If you are contemplating filing for bankruptcy on behalf of your company, looking for a new loan may be the last thing on your mind. Indeed, it seems counterintuitive to think that a bank would ever want to loan money to a company in financial distress, let alone a company in bankruptcy. However, there is […]
Bank Turndowns (Volume 8): Are you looking for a commercial loan for a unique or special-purpose property?
If you are looking for a purchase or investment loan for a commercial property type that is “off the beaten path,” chances are you may have heard these discouraging words from your bank, “Sorry, but we don’t lend for commercial properties of that type.” From the bank’s perspective, it is much riskier to lend for […]
Bank Turndowns (Volume 2): Was your business loan application denied?
You had grand plans to obtain a business loan, whether you were looking to expand your company, refinance your existing loan, meet operating expenses, make renovations, or undergo a management buyout. However, that all came to a crashing halt when your bank said, “No” to your loan application. You are disappointed, naturally, but do not fret, […]