Blogs
The COVID-19 Impact on Commercial Real Estate
How the Pandemic is Affecting Commercial Real Estate It’s safe to say that the COVID-19 pandemic has affected us all. People can no longer meet, work, eat, shop, and socialize like they used to. The working world has moved from business as usual to cautious travel and remote working. The pandemic has not just sparked health and personal financial
CMA Conference: Mixed Use Commercial Real Estate Underwriting
Our January Seminar At Fidelity Mortgage Lenders, we like to keep you up to date with our latest news. One of our latest ventures was to give a speech at the CMA conference in January. Our own Peter, Glenn Goldan, and Dane Valadao from ReProp Financial (a direct private mortgage lender) gave a 1.5 hour presentation on “Mixed
Celebrating the Guardians of The Los Angeles Jewish Home Successful Event!
The Aftermath of Our Event On March 5, 2020, we hosted a 2020 Real Estate Dinner through The Guardians of The Los Angeles Jewish Home at the Beverly Wilshire Hotel. As you may or may not know, our own Peter Steigleder is the current co-president for the organization along with Zane Koss. We were joined by over 550 of
A Bank’s Gift to Us
An apartment owner needed a loan of $500,000 for reserves. The borrower’s long-term plan was to get a bank loan. Every bank he approached required these reserves. His property is worth well over a million, so we could quickly and easily refinance it. We got the title report back a few days after we spoke, and the completed loan
The Tough Negotiator
A six-unit apartment owner had a property and came to us. He was a tough negotiator. He’d already invested all of his company and personal funds. Then, his contractor found some unexpected structural problems. These expenses brought him dangerously low on cash, and he needed more to finish. He needed a loan of $350,000 by the end of the month
Overcoming Her Obstacle
We received a call from a borrower that owned a free and clear auto repair building. She inherited the building from the borrower’s father and had plenty of equity for a $150,000 loan. She mentioned being behind in property taxes and credit score was low in the 600’s. We explained we could do the loan, would like to meet with
We Made An Impression
A year ago, we got a call from a borrower that had once called in for a loan about 1 year ago. The seller decided not to sell, so the loan didn’t close. The borrower was now ready to buy a different property and wanted us to handle the loan. The borrower loved how we structured the loan, using equity
“You’re the best”
“You’re the best, thanks a million. I now have a go-to guy when I do deals where I need cash fast. You and your group are exemplary. From start to funding in less than a week. WOW!!!” Frank
Sometimes even friends forget…
Sometimes even friends forget how easy our loan process is for borrowers. We recently checked on a buddy who is also a broker. He had a commercial building deal he was working on, but the client couldn’t locate financing to buy it. His client owned a different building which had enough equity in it, for us to finance the down
CA Bur. of Real Estate – Real Estate Broker No. 00388229 |Corp NMLS ID # 1726526
Non-consumer, Business Purpose Loans secured by commercial or residential property.
