
11 February 2025 | 20 replies
Hey Aaron, have you considered a commercial mortgage from a local bank like First National or Bangor Savings Bank?

14 February 2025 | 24 replies
Hi Joel in Greenville, North Carolina-You have a rental property held in an LLC and you are looking for a lender who will refinance it.I would look into a Debt Service Coverage Ratio loan or DSCR loan that uses the rents to mostly qualify the refinance and less on you personally.

10 February 2025 | 7 replies
If so, shifting that to the tenants at the time of lease renewal is another great way to decrease her overall debt service.Other good ways to increase revenue in the mean time:- Raising washer/dryer prices. this may only equate to $4-$5 per unit per week, but its better than nothing- If there are any unassigned parking spaces, meaning not attached to any lease, make them paid only any offer them to tenants at a new fee.

20 February 2025 | 3 replies
This change emphasizes that under specific circumstances, courts may "pierce the corporate veil," holding individuals personally accountable for the company's debts and obligations. ilga.gov2.

20 February 2025 | 9 replies
NYC property values are increasing at or above the national average (4%).

12 February 2025 | 5 replies
Those special assessments will not be enough, and the reality is the association will likely be taking debt to approach these projects (eg. paving the parking lot, residing a building) and that financial burden would be on the owners and the association.

24 January 2025 | 4 replies
Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.

9 February 2025 | 4 replies
My brokerage sends a weekly rate sheet for various debt sources on commercial properties.

10 February 2025 | 6 replies
I have very little debt besides mortgages and have spent my own money doing renovation over the last few years.

10 February 2025 | 4 replies
I am not a bankruptcy expert, but isn't that procedure used to release people from existing debt but not monthly expenses.