admin answers:

You could go to insurance company (they do make commercial mortgage loans), banks or commercial mortgage brokers. Commercial mortgage brokers are probably most profitable since they largely work on commissions and it could be huge. You will get a job as an analyst and get trained to underwrite loans. In a couple years you are set.

admin answers:

If it is a commercial loan then most of the programs are ARM’s. Most of them also have a balloon payment. However, there are fixed rate options. The rates are usually so ugly though it isn’t worth doing it (at least on the commercial side). Some of the rates on commercial are in the 5′s right now. E-mail me with your scenario and I can give you a quote on another 5 year ARM, a 10 year fixed, and a 15 year fixed. Depending on the property type will depend on whether you can get a term any longer than 15 years.

admin answers:

The only people in aviation who make $200k per year are the people who run the company. You’ll never see that kind of money as an airport manager or as a commercial pilot.

admin answers:

In today’s lending environment (08/2009), a managing member of the company needs to have a decent (680+ FICO) credit score to obtain a business cash line of credit or a business credit card.

If you can use a credit partner, then you can obtain thousands of dollars in business credit that will not show up on your credit partner’s personal credit report. The credit line will show up on your business credit report.

However, there are a few companies, like Staples and Home Depot and BP Gas (in NY) that will offer small lines of credit to your company (get the store card, not the visa/mastercard), without reviewing your personal credit score. This will allow you to get a couple of thousand dollars.

A company I found that offers cleaning supplies to business is www.cleaningstuff.net. You can pay by purchase order instead of paying upfront. Most likely, the full amount would be due in 30 days though.

Lastly, I recommend you get your business duns number. It is basically your business social security number. To obtain small business loans down the road, you will need to have this number and have a few business trade lines report to it; that you pay on time.

-Joe Lawrence
http://www.businesscreditworkshop.me

admin answers:

A!!! Supply and demand low demand will cause supply to rise!!!

admin answers:

I work for a commercial dealer. Used truck rates are 10-12% for good credit, late model vehicles.

admin answers:

Unclear

are you asking for the rates specific companies are/will be paying to the banks on commercial loans?

Or do you want the comparative best rates being offered by the banks to the generic commercial customer?

***
the first isn’t available anywhere, afaik

the second is maybe available — try googling “Canada bank loan rates”

GL

admin answers:

This website will help.

Http://www.capitalfunders.com/CommercialMortgageRates.htm

admin answers:

I have an online business. No base salary but 100% Commission – It rocks. Best Wishes

admin answers:

You shouldn’t wait for a job to find you, look up the places you are willing to work at and apply through the actual company instead of at a temp. Agency. You say you want a job working with the government, apply for some jobs at the court house in the area you will be moving to.

admin answers:

Try these free links. Watch out for the solicitations links.

Http://www.dinkytown.net/java/DebtService.html

http://www.propertybynet.com/Software/Calculator/cal-2.asp

http://www.mortgageloan.com/calculator/commercial-loan-calculator

admin answers:

Perhaps there were fees rolled into the loan? Or PMI (which is unlikely). I can’t seem to replicate it either. If the loan was based on $201,100 the payment comes out a little closer to their proposed amount due. Definitely worth checking on with them!

admin answers:

Commercial loans have only a little similarity to commercial “business loans”. The common denominator between the 2 is usually you. They almost always use your credit, your current assets, possible using your equity in other sources (as a means of collateral). The other factor of course is the actual property you wish to purchase. If it debt services strongly enough, many options can open up to you. Commercial business loans are a lot more complex than residential and take considerably longer to complete. You would be surprised what is available to in the commercial market for a loan. Each loan scenario has it’s own conditions, and you need a professional consultant to help you find the loan that best fits your need. I know of 30 year loan options, 90% loans, leverage buy-out investments, SBA loans (7A & 504), Stated Income, etc.

admin answers:

If all the spaces could be rented as residential, then you get a residential loan.

If it’s a mix, you might be stuck with a commercial loan.

To start, you need to calculate your income from the property and your basic expenses. The difference between the two is your net operating income. The amount left to pay a mortgage…

Commercial usually requires gross income to exceed mortgage payment by 1.5x. Residential is more flexible. The better shape the property is in, the more it will appraise for. Best residential rates will be at 70% loan to value or less.

Contact the loan department where you have your banking relationship (theoretically a stronger relationship) as a start and ask them what they can do for you.

You can also email me and I can put you in touch with a couple of knowledgeable loan consultants who are great at answering questions without requiring your first born child.

admin answers:

Start applying at banks and lending institutions. Many loan officers work their way into the job after starting at teller and/or personal banker. To be a loan officer, you’ll need to be comfortable with selling. If you’re not a person that can handle sales, then a loan officer is the wrong job for you.

admin answers:

An undergrad degree is business/finance is typical…but I have seen many loan officers with different backgrounds. Commercial lending has become a sales position more than anything else. I started out as an analyst – many banks offer management trainee programs where you learn all the different operations of a bank. This is where you learn what a good loan looks like…and more importantly, what a bad loan looks like. The majority of the first year was spent underwriting commercial customers, going on calls with other loan officers and really just learning the biz by shadowing experienced lenders. You must have excellent communication skills and be able to communicate with people at ALL levels within an organization. When you are looking for jobs, look for the term “credit analyst”. This is often the first entry level job to move in that direction. Once you have proven your abilities, you will typically move into a lending role and will have your own portfolio. Get ready to cold call and network your butt off.

admin answers:

You need an investment loan. You will need 20-25% for a down payment, but other then that they are like any other loan. The qualifications are the same, there is no such thing as a sub-prime. You also have to have funds to make the payments in the case of no occupancy. You can not use rent from this apartment to secure your loan.

admin answers:

Commercial loans have not taken the same hits as residential. Underwriting for residential loans had become beyond ridiculous allowing everyone to get a loan, whether they could make the payments or not.

Commercial lending has been constant in its criteria, thus it has remained stable.

admin answers:

Availing secured business loans for commencing a business of your own or up-grade existing business can be easier as businessman is offered with the various features like lower interest rate on larger amount.

Secured business loans can be implemented for more than one purposes of your business. As with secured business loans borrower can deal with working capital, purchase of inventory, machinery, equipments, paying salaries to employees, purchase of license or meeting losses of some previous year and so on. Secured business loans gear up the borrower to meet their varied expenses with single big loaned amount.

To avail larger amounts for longer time period at lower interest rate can be made possible if borrower opts for secured business. For that borrower has to pledge valuable collateral to the lender. Collateral should be such which offers high equity value with it. Usually, borrower places collateral like machinery, land, real estate or any valuable document.

In the secured business loans borrowers can avail the loan amount that ranging from £50 000-£3 00 000 for the repayment period varying up to 25 years. Well, this amount is totally depended upon the collateral that is placed to the lender. So, if borrower is looking for higher amount then he has to pledge the collateral of greater value.

While looking for secured business loans do not let your financial position stop you from achieving your business goal. Even if you have imperfect credit history, CCJ’s, defaults, arrears or bankrupts you can still qualify for secured business loans.

While accessing secured business loans make an extensive search or locate the lender that offers feasible terms and conditions. Compare and contrast the loan rate quotes for a better and fruitful loan quote. Borrowers can accessed for secured business loans from banks, online lenders, leading lenders, financial institutions.

admin answers:

Not as property taxes go…but there is obvious differences as far as income tax deductions and capital gains taxes upon sale go.

To get the payments down you will want to refinance that into some type of residentail product with say a 5 year fixed term (for total payment security), or an adjustable rate product for the absolute lowest payment (these are ok for short term, 2 – 3 year solutions). Right now rates are down (from what they have been the past 6 months).

Hope this helps.

Tom Voli
tom.voli@gtofinancial.com