News & Deals

Top 10 Reasons a Commercial Loan Submission is Rejected

Posted by Chad Mestler on Jan 14, 2023 4:04:12 PM

When applying for a commercial real estate loan, there are several reasons why the loan may be rejected. Here are the top 10 reasons why a commercial real estate loan may be denied:

  1. Insufficient credit history or low credit score: Lenders will typically check the credit history of the borrower and co-borrowers, and a low credit score can be a red flag.

  2. Lack of experience or insufficient assets: Lenders will also look at the borrower's experience in the real estate industry and their assets. If the borrower does not have enough experience or assets, the loan may be denied.

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Topics: Loans, Brokers, 1031X, Alternative Financing, Bridge lending, Bridge Loan, fast closing, CRE, Insights

10 things a broker should include in a loan submission to a CRE lender?

Posted by Chad Mestler on Jan 14, 2023 3:49:47 PM

When applying for a commercial real estate loan, it's important to make sure that you have all the necessary information to present to the lender. A well-prepared loan submission can increase your chances of being approved, and can make the process go more smoothly. Here are the top 10 things you should include in a commercial real estate loan submission to a lender:

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Topics: Loans, Brokers, 1031X, Bridge lending, Bridge Loan, CRE, Insights

Finance your 1031 Exchange with a Bridge Loan

Posted by helvetica on Sep 17, 2022 12:54:48 PM

Big banks like to drag their feet. Especially with most banks still working remotely, it can be a struggle to get a loan on time. This has been a huge struggle when trying to meet your 1031 deadline. This is where a reliable bridge lender comes into play. 

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Topics: Brokers, NNN, 1031X, Alternative Financing, Bridge lending, Bridge Loan, Quick Close, CRE

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