Mortgage Broker, Direct Lender, or Mortgage Banker?
Monday, July 09
There are three sources where a commercial or multifamily borrower can obtain a loan. In this article we will discuss each avenue. This article is not intended or is it applicable for owner-occupied one-to-four family properties.Direct LenderA Direct Lender can be any of these sources: bank, life...
What are the challenges in loan approval?
Thursday, June 07
There are three distinct but equally significant components to loan approvals for all investor properties. The first component is an analysis of the property, the second is a review of the borrower’s credentials, and the third is an internal lender approval of all third-party reports.Step One - ...
Do you want better results from Lenders?
Monday, January 22
How to get better results from lenders.Written by: Kevin P. MeehanWhether you are just starting out or a seasoned investor, obtaining a commercial property loan is time-consuming and can be a daunting task. Many people often ask u if there are any insider tips for getting better rates, terms and ...
What is meant by liquidity reserves when applying for a loan?
Monday, November 27
When applying for an investment property mortgage loan, it is important to find out the lender’s liquidity requirements before you even complete or submit a formal loan application. Part of the pre-application process at Atlas is to review a borrower’s PFS (personal financial statement). That st...
What does Global Cash Flow mean?
Tuesday, October 10
To start, this topic is not just about the property you are buying or refinancing. For a lender, Global Cash Flow (GCF) means underwriting will look at the NOI of each property held by each majority owner (20%+ ownership) or managing members (if an LLC). Then, they will group the NOI of all these...