Hey has anyone heard of Ocean City Development marketing? Any success stories especially around Maine?
If you're sent a guarantee agreement which outlines the amount of time effort needed to get a deal or your money ...
So I just got turned down for a construction loan from a local community bank for a spec medical office project that I am planning to build. I have the site under contract and all of the numbers work. I have a several...
How much value do you put on personal guarantys when deciding to accept a new commercial tenant? Do you relax your requirements (financial or otherwise) when personal guarantys are offered?
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Hello, I am 1 of 2 owners in a real estate LLC that holds 4 residential real estate properties that are fully paid off. Does anyone know if it is possible to obtain a mortgage loan to acquire an additional property wi...
One year ago, I purchased a property for $550k and signed a tenant to a 10 year lease. The proprietor was a coffee shop/bookstore that was operating down the street. They wanted to expand as well as offer food and a...
I own 4 units through a two-member LLC. All our financing has been through my local credit union where I personally bank. It has generally gone well though the credit union has required my personal guarantee of the lo...
Hi; I am noticing that sellers are often upset about my estimate on repairs. I don't try to make extra money by overquoting repair expenses so I'm thinking of offering the seller an agreement where I double the rep...
Have you guys heard anything about this? My loan keeps getting pushed back due to other loand taking presidence due to some guarantee fee?
These loans need to close by months end or they lose their rate guarantee sup...
BP,As always when I am in a jam I seek out you lovely individuals to weigh in and share war stories.Situation:I just postponed a settlement that was supposed to be happening right now. My lawyer strongly advised NOT s...