I wanted to see what other's are experiencing or thoughts around PrePayment Penalties on Commercial loans for Rental Real Estate.In the early days, I was just thrilled that any bank would lend me money.  

The bank from which the note was purchased is issuing a QCD via their foreclosing attorney, from them to our company since the Sheriff's Deed was issued in their name.  

As for financing, assuming you have a relationship with a Bank, it's fairly simple to get a pre-approval letter for financing.

Our next meeting will host the one and only John Schaub.

In terms of pros and cons, the clear pro is that you will be acting as the bank for the buyer.

The bank will require an additional inspection to assess any possible damage to the property.I have a client who is in escrow on a 4-plex.

Christopher Dunson The bank may pay him off.

You can try to appeal the appraisal or request that the bank allow a second appraisal to be completed.

Step 1 of course, find new insurance.No, the bank won't call your loan, But they will secure Force Placed insurance, which they have a right to do, and it will costs 2-4 times what you'll pay for your own policy, and will have worse coverage, and you will of course have to pay for it, or be foreclosed on.

Hopefully the bank will deal.