commercial property insurance rates
What a weekend full of sport! NO, NO … Super Bowl (although come to that), I refer to the Australia Open. When Federer plays Nadal in a Grand Slam, they begin to lose the words to describe what he sees. Even the announcers were talking, and it is his job to speak! Hats off to Rafa to beat Federer in 5 sets striking and remove any doubt as to who is really # 1 in tennis. If you're not a tennis fan, go see this game. If you do not make one, need to sustain life.
And thank you very much for the Cardinals and the Steelers put on an amazing show of their own. We have had two years in a row of "Good" Super Bowls … those living up to the hype and do not have to dip deeper into the chips before halftime for something to do. Congratulations, Steelers for the championship # 6. Kurt Warner and can become a season for another run for the Superbowl.
Both of these events highlight the importance of having a coach to reach the top of his game. That's why I talk about the major sporting events both. None of these players or teams would be where they are without the help of his coaches and mentors to help them fill holes in their games and get a better effort from them every week.
Business this week loan origination refers to tip your lender options. When looking for commercial real estate financing for their customers, picking the right lender is half the battle. Different types of commercial lenders, each with its own set of preferences on loans:
• Depository Institutions including banks, S & L's, credit unions and mutual savings banks. They prefer short-term financing, such as construction and bridge loans with adjustable or fixed-term to short deadlines and are closely targeted to borrowers in your subscriptions.
• Life Insurance Companies and Pension Funds prefer more fixed rate loans only lend on properties of high quality, and usually only provide permanent financing.
• CMBS and collateralized mortgage-backed securitization (Wall Street) generally only participate in the financing at a fixed rate permanent (though sometimes become "floaters" or adjustable). They are "tubes" for issuers mortgage purchase loans and putting them into securities.
• Private investors and funds as well as short-term construction financing the bridge, although owned oriented (in search of lower LTV) and has to be higher risk projects.
• Mortgage banks and direct lenders represent one or more of the above funds, or the bottom of the table of loans is not maintained, but can your service.
• Mortgage Brokers represent one or more of the above, but originate only.
Researching the right kind of lender can save you hours of frustration and thousands of dollars in waste of time and application error rates.
About the Author:
WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: ‘“The Investment Property Insider” is published by Craig S. Higdon, a veteran commercial mortgage banker. He publishes the e-zine and blog, http://www.InvestmentPropertyInsider.com, for commercial real estate investors, developers, and industry professionals. Visit the blog and get this free report: “The 7 Biggest Loan Mistakes Real Estate Investors Make And How To Avoid Them.” ’
Article Source: ArticlesBase.com – Picking the Right Commercial Property Lender
