30 May 2014 | 4 replies
Medical equipment as a collateral is not uncommon but the institutions who do much of that finance, like the SBA (Small Business Administration) has a matrix on how to value the underlying collateral.
7 January 2018 | 32 replies
They prefer all cash because financing falling through is a very common reason for a deal to not happen.It’s very frustrating when you are under contract for 30 days and then you have a lender pull the financing from the buyer for whatever reason.Pre-qualification letters are very easy to get - an actual loan isn’t so easy.It’s not uncommon for sellers to go through this process 2 or 3 times on the same property, waiting 90 days to finally close.
23 May 2016 | 6 replies
It is not uncommon at all for Fannie Mae and HUD to have MFRs listed - I sold a Fannie Mae triplex earlier this year, and the new owner is now living in one unit and has tenants in the other two that are paying his mortgage.
12 November 2013 | 4 replies
David, it's not uncommon for short sales to drag on long enough that foreclosure occurs.
12 August 2024 | 16 replies
Mandatory inspections are not uncommon.
10 May 2023 | 14 replies
Here are some numbers to exemplify the real impact on cap rate decompression:$30mm purchase at 3% cap (not uncommon - I have interviewed people that bought at 2.5%)NOI = $900,000 (30,000,000 / .03)Value at a 4% cap = $22,500,000 (900,000 / .04)Loss of $7.5mm based on a one percent cap rate rise.This does not take into account the variable rate bridge loans.My advice for multifamily folks is to look at other asset classes.
12 October 2023 | 12 replies
Also I know that it is not that uncommon for people to give mobile homes away for free if you can have it moved; I seen one on Craigslist in Fort Walton in this same scenario just a couple weeks ago.
17 January 2016 | 5 replies
This is not an uncommon method used, to allow folks to refinance a mortgage.
2 June 2024 | 10 replies
Many companies will do notes or bonds that are unsecured debt against company as they don’t want to pin it to every asset which is not uncommon - but when they take on additional debt that is secured and/or start to incur massive losses that’s when it gets hairy.