John Maclean

The dream of owning your own commercial property – a retail space, an office building, or a warehouse – can be a powerful motivator. It represents a significant step forward for your business, offering stability and a chance to build equity. However, the path to securing that dream property can be fraught with hurdles, one of the most significant being commercial

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The landscape of multifamily finance is undergoing a transformative shift, driven by technological advancements, changing demographics, and evolving market dynamics. As we look ahead, it’s crucial to explore the emerging trends and predictions that will shape the future of multifamily finance. Technology Integration One of the most significant trends in multifamily finance is the increasing integration of technology. Fintech solutions

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Fixed-rate and adjustable-rate mortgages are two common types of loans used to finance commercial real estate properties. These two mortgages have different interest rate structures and the level of risk they entail. Let’s continue reading to learn more about them. What Is a Fixed-Rate Commercial Mortgage? In a fixed-rate commercial mortgage, the interest rate remains constant throughout the loan term.

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Refinancing a commercial property in California, like anywhere else, is a complex financial transaction that requires careful consideration and planning. Let’s learn about refinancing your commercial property in California. Things You Need to Know Before Refinancing Your Commercial Property in California Before refinancing your commercial property in California, check out these things. Current Market Conditions: Before refinancing, it’s crucial to

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Applying for a commercial loan can be a significant step for startups seeking financial support to grow their business. The process might seem daunting, but you can increase your chances of success with careful preparation and understanding of the steps involved. Here’s a step-by-step guide to help you navigate the commercial loan application process: Assess Your Financial Needs Understand why

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Investors who specialize in real estate will sometimes offer what is known as a trust deed. The investor acts in the same capacity as a bank. The borrower uses real estate as collateral to borrow money from the investor. The contract that contains the terms of this type of loan is known as a promissory note. The borrower makes monthly

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You must be approved for a commercial mortgage if you don’t have the financial resources to buy a commercial property outright. Purchasing commercial property is considered more of an investment than a necessity. To get a new commercial mortgage or refinance an existing one, you must find a lender specializing in commercial loans. Find a Lender Who Will Work with

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As per the majority’s expectations, the real estate industry didn’t come out of the COVID-19 pandemic unscathed. The National Delinquency Survey by the Mortgage Bankers Association (MBA) reported a nearly 4% increase in the home loan delinquency rate for one-to-four-unit residential properties in December 2022. But how can mortgage delinquencies affect real estate, and how can you navigate the challenges

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Most lenders will consider your personal and probably business credit score when you apply for a small business loan. As discussed below, your personal score often determines the type of financing you might qualify for, loan amount, and even interest rate. What Credit Score Do I Need for a Small Business Loan? A credit score of 670 or higher is usually

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