If a CRE borrower can’t find an institutional lender to pay off their upcoming balloon payment – what choices will they have?  The most probable source of creative refinance in today’s market is a “Bridge Loan” lender.  These lenders run … Continue reading →

The Mayans had it right.  2012 may be the end of the world – at least the Commercial Mortgage Backed Securities (CMBS) world, with a high probability commercial banks will also be caught up in the re-financing crunch.  Many loans … Continue reading →

In difficult lending environments it is often beneficial to think like a hard money lender. Step into their shoes and look at your deal through their eyes.  This can be difficult for a couple of reasons: 1) it is your … Continue reading →

We may be living through both the best of times and the worst of times.  It may the best of times because there are great buys out there for buyers who can get financing – but it may be the … Continue reading →

There are more similarities than differences between a hard money loans and a private money loans, or private capital, loans.  The term “hard money” originated years ago and actually referred to funding loans on real estate properties that had a … Continue reading →

Know What They Do and Do it Better Than Anyone Else Good private money lenders know exactly what type of loans they will consider and what they won’t consider. Too many private money lenders say they can fund almost any … Continue reading →

The term “forbearance agreement” is a technical legal term for an agreement between a lender and a borrower.  The real estate forbearance agreement is used when a lender on commercial real estate loans agrees to postpone foreclosure on a delinquent … Continue reading →

The “bridge loan” is a type of loan known as gap financing, interim financing, swing loan, or simply short term financing. The purpose of a bridge loan is to bridge the gap between current lending conditions and more advantageous conditions … Continue reading →

One of the major differences between institutional lenders and private lenders is the timing involved in the commercial loan underwriting process. Traditional mortgage lenders have tight criteria and strict procedures to follow in the commercial real estate lending process, giving … Continue reading →

Real estate lenders, attorneys and owners often use the phrase “Deed in Lieu” to stand for the legal process of the borrower giving a deed to their property instead of forcing the lender to go through the more formal foreclosure … Continue reading →