All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

They can be leveraged with commercial real estate loans that use the DSCR metric for evaluation; however, these are not under the “DSCR loan” product bucket.DSCR loans are for “business purpose,” only meaning that the owner of the property can not live in the property under any circumstances.

The lack of evidence of prior repairs despite the seller's disclosure raises serious concerns about the integrity of the transaction.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

HI Robert, I live and operate a few RE related business out of the Westerville area.

@Emily Anderson look up Anderson Business Partners on their website and YouTube. 

This is you are the reporting taxpayer on both ends of the transactions. 

I'm about to transact a multiple property deal where I will put each property into its own LLC.  

As a mobile home investor myself, I find that talking to people who work in the business has helped me many times in the past when it comes to due diligence, market research and referrals. 

I’m marketing my business proscopeatl dot com, I’m brand new to this group also and don’t quite have the do’s and dont’s figured out for posting my website.