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 […]
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, […]