All Forum Posts by: Jake Healy

I'm a residential loan officer and I have a client who is taking out a loan (not through me) to buy a wharehouse for their business. The lender is saying they need to set up a holding company to hold the loan and that they cannot hold it in their business name. She was asking me if I knew anything about it and I do not but it made me curious to know. Does anyone know why she wouldn't be able to finance it through the business?

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Quote from @Tyler Warrick:

Hey @Jake Healy, it all comes down to networking. I focus primarily on residential but have the ability to work on commercial deals as well (broker here). I've closed 3, so definitely not the most experienced on the Commercial Side, but in my experience a lot of these Commercial Lenders want to see a Personal Financial Statement. Assets go a long way, and the deal itself has to make sense (i.e. buying a strip mall, what will the rents be? Is there a positive DSCR etc.).

That being said, I'm curious to see what @Josiah W. can do with the 0% interest lines of credit. Any generic details you can share for us all @Josiah W.?

Any chance you are willing to share what lenders you brokered the commerical loans to?

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Hi everyone, I'm wondering how to find lenders to broker commercial real estate loans to. I don't mean residential DSCR or other non-qm type loans but rather loans for office buildings, stipmalls, owner occupied SBA loans, etc... It doesn't seem like you can find lenders online that advertise wholesale lending for commercial like on the residential side. I appreciate any direction I can get on here or if anyone has specific lenders that you have experience with that I can reach out to.

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All Forum Posts by: Jake Healy

Jake Healy has started 2 posts and replied 3 times.

Post: Do you need holding company to close SBA loan

Post: Broker relationships with commercial lenders

Post: Broker relationships with commercial lenders