The Basics About Non-Recourse Loan Financing A non-recourse loan is a loan secure by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. In short, lenders can collect the collateral
The U.S. Treasury Yield is calculated by the U.S. Department of the Treasury from the daily yield curve. It is also referred to as the Treasury Yield Curve Rate, Constant Maturity Treasury Rate, or CMTs. These rates are essentially the return an investor would receive from the purchase of a U.S. government debt obligation, such as a bill, note, or
Top Tips to Help Commercial Real Estate Pros Excel As a commercial real estate professional, you know the value of exposure and a lucrative reputation. These are goals you may constantly have in mind. Despite advances in data solutions and numerous technologies, there is no magic solution for becoming a great commercial real estate expert. To help, we’ve rounded
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
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
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
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
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, 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