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Updated almost 9 years ago on .

User Stats

3
Posts
0
Votes
Patrick Mulligan
  • Berlin, MA
0
Votes |
3
Posts

educational material breaking down commercial loan terms and proc

Patrick Mulligan
  • Berlin, MA
Posted

wanted to see if any one had a recommendation for where I might find some educational material I can use that breaks down the terms involved with a commercial 'flip' loan (not hard money), both whats involved (i.e., what the commercial lender will look for v. residential lender), the terms that are often involved and what they mean in laymen's words, the various ways they are often structured (i.e., 75% purchase price w/ 100% construction +contingency, etc. etc.) various fee's typically charged and which are negotiable, escrow carrying costs, on and on

was hoping to find some material all ready together on this...tried doing a basic search but didn't see a whole lot.

thanks