| Question about :
Commercial_Loans |
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3 unit & 2 unit buildings for purchase....residential vs commercial loans?
Does anyone know a specific difference, or a ball park figure for the difference in a loan once it goes to a commercial investment. I'm looking at a 3 unit building and a 2 unit building right next door to each other. If i both both I'll I think I might need a commercial loan? Is that correct.....any help would be great!
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| By
What's your cause? |
Posted
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12/30/07 Total Answers
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How bad will the commercial real estate crisis be that starts next year?
A trillion dollar commercial real estate crisis will begin to unfold in 2010, when short term loans must be refinanced, yet commercial property values have plummeted.
As many as 500 regional banks may fail as commercial loans default, and the FDIC only has 10 billion left to cover insolvent banks. Compounding this Deuthsche Bank forecasts that 48% of home mortgages will owe more than the home is worth by the end of 2011.
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| By
Sean |
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09/25/09 Total Answers
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Remedies for poor bank accounting in commercial real estate loan. Any federal recourse ?
The bank repeatedly doubled up the amount of interest reserve used each month and also doubled up the amounts of each construction draw. When the constuction funds and interest reserve ran out, the bank foreclosed and refused to correct their accounting even though we brought it to the attention of their construction specialist and the CEO. Are there any federal remedies like truth in lending for commercial loans ?
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| By
EarleE |
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07/12/09 Total Answers
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When is a lender supposed to give me a good faith estimate on a commercial loan?/?
My lender just gave me a good faith estimate 7 days before closing. The rate is not what he told me.I have been asking for a month for one. What is the law on commercial loans??
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| By
jimtheidahorealtor |
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05/13/07 Total Answers
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What books or sources will help me the most as a Commercial Loan Coordinator?
I'm starting a new position tomorrow as a Commercial Loan Coordinator and I want to gain as much knowledge as possible. I think I will fit into the position well but I don't want to do a good job, I want to do an outstanding job. Can anyone tell me a good book to read that will help me gain knowledge in the field. I want something that will help me now and prepare me for future positions in the department. Any tips would be greatly appreciated. Thanks!
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| By
Ross R |
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04/29/08 Total Answers
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Can I deduct interest paid by my condo association on a commercial loan?
I just received a letter from the condo's CPA. This letter states the total interest paid on a commercial loan for 2008 by the condo association where I own. Is this deductible? Thanks.
The total amount is broken down into amount per unit.
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| By
m |
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02/15/09 Total Answers
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Can I use a mortgage instead of a commercial loan?
I know any property with 4 units or more is considered a commercial property. That being said, can I apply for a regular mortgage for a property that has 3 units or less, or do I still have to apply for a commercial loan?
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| By
mūdi |
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04/02/08 Total Answers
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Does buying a house/building with a store front require a commercial loan?
I'm considering buying a 2 apartment building with a store front. Does this require that I get a commercial loan or can I still use the lower rate Residential loan if I plan to use it as my primary residence?
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| By
Ken |
Posted
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12/19/07 Total Answers
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An auditor wants to estimate what proportion of a bank’s commercial loan files are incomplete.?
An auditor wants to estimate what proportion of a bank’s commercial loan files are incomplete. The auditor randomly samples 60 files and finds 12 are incomplete. Using a 95% confidence interval, estimate the true proportion of incomplete files for ALL the bank’s commercial loans. Write a statement about the confidence level and the interval you find
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| By
yvonnemrendon |
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08/28/09 Total Answers
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Is a rental house bought with a commercial loan taxed differently than one purchased with a normal home loan?
I financed 100% with my partner through a commercial loan because it was unsecured and simple. It's a house near an industrial area that we were going to rezone and sell commercial. However, the costs associated with rezoning were excessive and now I would like to just sit on it for a while but we are paying high commercial loan rates and I would like to get the monthly payment down.
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| By
crude_oil |
Posted
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10/12/06 Total Answers
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where can i get nfo on commercial lending practices?
looking for further info on resources for commercial loans. The hows and the whys.
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| By
aceboku |
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04/24/06 Total Answers
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Can you obtain fixed rate loans for multifamily apartment complex purchases over 4 units?
I heard that once you go over 4 units, the loan is considered a commercial loan and banks require adjustable rate mortgages and possibly more money down. Any input appreciated.
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| By
John B |
Posted
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10/14/07 Total Answers
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Can the broker hold a loan officers license while a commercial loan is in the pipeline.?
Can the broker hold a loan officers license while a commercial loan is in the pipeline. When the loan officer does not want to close with the current company? also, can i move the loan to my new company?
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| By
pakijr786 |
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07/25/07 Total Answers
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Should I go with a small business loan or a commercial loan?
I am wanting to purchase a truck and trailer. Should I get a small business loan or a commercial loan. I am wanting to drive for myself not somebody else. I have an idea on want to do as far as truck driving and I have the experience to do so, just not sure as to which route I should take. HELP, please.
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| By
heavyhauldad |
Posted
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09/30/06 Total Answers
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commercial loans where to apply online?
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| By
Ierz |
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01/28/10 Total Answers
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Is there a Universal Commercial Loan Application?
I am a loan processor, and to my understanding, the URLA (residential 1003) is useable for both commercial and residential. An LO is saying otherwise. Do I need a dedicated commercial app. for Fannie or California DRE compliance?
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11/07/06 Total Answers
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If a bank has a troubled commercial loan, who can they sell it to?
If a bank has a troubled commercial loan, who can they sell it to?
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| By
hill10003 |
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04/24/09 Total Answers
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Are there VA commercial loans?
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| By
Colin C |
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05/18/07 Total Answers
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How do you get a mortgage or commercial loan for an apartment building without a lot of capital?
I have found a good business opportunity in a 6 unit apartment building however I am short on capital. Are there any inventive ways to receive funding for such a venture? How did you find the money to buy an apartment building?
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| By
drf2684 |
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09/13/07 Total Answers
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What is the easiest way to get a commercial loan?
I have a building I need to refinance. What is the quickest (safest) way to refinance?
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| By
Olivia |
Posted
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12/07/09 Total Answers
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I want start out as a commercial loan officer?
I'd like to get into the field. I already have a BA in Business I'm wondering if I should do a training class or two before I submit an application for the position. I live in New York state.
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| By
Nikki T |
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06/23/08 Total Answers
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What is the impact of a bank turning your commercial loan over to the managed assets division?
good company, owners going through a divorce. 17 million in sales, profits dropping last couple years. All bills paid on time.
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| By
poor man needs help |
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08/24/06 Total Answers
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What does it take to get a commercial loan for $1.4 million dollars?
I want to buy a bowling center for $1.4 million. I have no cash to put down but I have collateral as in a house that was appraised for $143,000. Is there anyway to obtain financing for this purchase?
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| By
Jess |
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04/27/09 Total Answers
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can I use owner finance money as down payment for a commercial loan?
The owner is asking for 3.8 million for the apartment complex. He is willing to owner finance up to 1 million. It is a 131 unit complex.
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| By
college_athletic_sport |
Posted
on
08/01/09 Total Answers
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| Question about :
Commercial_Loans |
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