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Jennifer Foster

Jennifer Foster stands in the roles of both Sr. Processor, as well as commercial loan originator, and is passionate about helping those around her grow their business. Having a Master's Degree in Business & Marketing, she specializes in taking complex concepts and converting them into usable information that can be utilized for success.
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Recent Posts

CRE Vacancy Issues - Bridge Lending Can Help!

Posted by Jennifer Foster on Feb 7, 2020 4:08:54 PM

Vacant buildings have become a common issue in today's economy and an all too familiar reason for loan declines by traditional banks. Whether it be a multi-unit, a strip mall, apartment complex, or a property with a former big-box store attached, when buildings do not have full occupancy, they are just harder to finance.

Vacant properties can also be linked to higher crime rates such as squatting, theft, and arson. When you are the owner of said buildings you don't want to be stuck in a spot where you watch your property decrease in value and lose money in the process, all because you can't obtain financing needed to get new tenants.

Why not consider a bridge loan?

Unlike a traditional loan, a bridge loan can step in immediately, bridging the gap between vacancies and fully occupied time frames!

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Topics: Advice, Rehab, Brokers, Investing, Alternative Financing, Low Occupancy Property, Bridge lending, Bridge Loan

Bridge Loans for Trust Buyout Financing to Preserve Low Property Tax Rates

Posted by Jennifer Foster on Dec 8, 2017 1:11:01 PM

  

 

Using a bridge loan to finance commercial real estate properties held in a trust is often the best option with competing beneficiary interests. 

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Topics: Advice, Brokers

The ONE Killer Loan Product Every Commercial Mortgage Broker Should Have

Posted by Jennifer Foster on Nov 17, 2017 7:48:09 AM

 

Every commercial real estate and mortgage broker needs to have an alternative lender in their arsenal of loan products.  Today, bank underwriting has lost its reasoning: credit and debt service coverage are non-negotiable in loan approvals regardless of equity, liquidity, project viability or borrower networth.  

Here are a bunch of reasons to use an Alternative CRE Lender:

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Topics: Advice, Brokers

Loans That Match Lender Guidelines = Faster Closings!

Posted by Jennifer Foster on Oct 21, 2017 1:23:45 PM

One of the hardest jobs that a loan broker has is "matchmaking" their client's loan request with the right funding source. Additionally, one of the biggest setbacks to closing loans quickly is having a lender decline a loan, requiring that the process begin again with somoene new.  With these two challenges in mind, you can see how vitally important it is for the broker to understand the client's loan scenario, as well as potential lender's guidelines for approval as early as possible in the process.  

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Topics: Advice, Loans, Brokers

Organization: The Key to Closing Commercial Real Estate Loans Faster!

Posted by Jennifer Foster on Mar 30, 2017 2:56:13 PM

Closing loans quickly can often seem like an unreachable goal.  However, there are some tips and tricks to keep the wheels of the loan machine turning and churning in the right direction, with an end goal of faster closing for your client's loans.  They all center around the basic idea of:

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Topics: Advice, Loans, Brokers