Apartment Investing Strategies Winston Rowe & Associates No Upfront Fee Loans

Winston Rowe & Associates provides commercial financing for apartment investors. They have prepared this article to offer some advice to investors thinking about investing in apartment buildings. Covering some of the top mistakes they see new and experienced investors make when owning and investing in apartment properties.

If you would like to speak to an apartment building specialist at Winston Rowe & Associates, you can contact them at 248-2546-2243 or visit them on line at http://www.winstonrowe.com

Common Mistakes Apartment Investors Make:

Not Raise Rents:

One of the biggest mistakes we see investors make is not raising rents over the years. This is especially true for investors that manage their own properties. What Winston Rowe & Associates has seen is apartment owners get comfortable with the tenants that are in place and do not want to increase rents out of fear that the tenants will move out. What they do not know is most tenants expect rents to go up over time, and even if they shop for another apartment they will find that your rents are at market levels.

Not Understanding Actual Operating Expenses:

Not keeping an eye on expenses is another big mistake apartment owners make. What happens with a lot of apartment owners is they increase rates over time, steadily going over current market rates. Owners get comfortable with their insurance agent, landscaper, cleaning company for example, and never take the time to shop around for better rates.

Disregard Maintenance Issues:

This is pretty obvious to people that do not own a property, but once things go into disrepair, good tenants do not want to live there. So the property begins to attract lower quality tenants and eventually the property cannot pay for needed repairs. Many maintenance activities do not cost a lot of money, and by keeping your property looking and functioning well, you will attract quality tenants at higher market rents.

Not Inspecting Your Property.

A lot of owners do not perform regular inspections of their properties. Some do not even visit the properties, and some that do will just drive through, or maybe do a quick walk around the property. Schedule a complete property inspection once or twice a year in addition to your regular checks. Many times this will uncover maintenance or resident issues that would otherwise go unchecked.

Let Someone Else Handle It:

Never believe that your property manager will handle everything for you. Many owners will work hard to buy a property, get a property management company in place, and let things go. Please don’t this. Keep tabs on everything because you are the one that is bearing all of the risk in the investment. You do not have to be there every day, handling the daily operations, but keep on top of things overall.

Winston Rowe & Associates has an excellent knowledge based investor resource for commercial real estate valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront free commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Commercial Bridge Loans Winston Rowe & Associates No Upfront Fees

Commercial real estate bridge loans are relativity straight forward. When a developer wants to purchase a piece of commercial real estate, and needs time to undertake some task such as property improvement, finding a tenant, or selling the property, commercial real estate bridge loans make this happen.

If you’re interested in learning more about bridge loan financing for purchase or refinance. You can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Uses & Deployment Scenario of Bridge Loans:

Bridge loans are short term and are planned around terms of six months to two years.
This type of loan can be thought of as a "financing bridge" that takes place between the acquisition and development of a property and the time before a permanent, traditional take-out loan is enacted.

They can be useful in situations where a borrower wants to purchase a commercial building and is approved for a SBA loan or another type of long term conventional financing.

The loan enables the borrower to go ahead and purchase the property and establish a good, solid operating history that qualifies it for conventional, long-term financing.

Winston Rowe & Associates has an excellent knowledge based investor resource for commercial real estate valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

\Winston Rowe & Associates has no upfront free commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Basic Requirements Of Apartment Financing Winston Rowe & Associates

Winston Rowe & Associates a no upfront fee commercial real estate finance firm has prepared the article to provide a better understanding of the requirements of apartment building financing.

If you’re interested in learning more about financing apartment building for purchase, acquisition, or refinance. You can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Overview:

Commercial real estate investors contact Winston Rowe & Associates, wanting to know in-advance if their deal can qualify for private money or institutionally funded (bank) apartment building loan. Unlike residential lenders, commercial mortgage lenders do not issue "pre-approvals"; they simply can't tell if a deal will get done until all of the material facts have been verified (pre-due diligence).

Loan-to-Value (LTV):

LTV has been dramatically reduced during this "credit squeeze".  In the past apartment buildings with LTV ratios above 80% were strong transaction. However standards have tightened. In today's credit environment, investors should not expect to see any loan offers above 75% and many are coming in significantly lower. 70% is a normal LTV ratio on new purchases with some lenders willing to go to 75% on refinance loans. Seller carried 2nd mortgages are discouraged and often disallowed altogether. Borrowers and sponsors without large cash investments in a deal will be turned away.

Debt Service Coverage Ratio (DSCR):

Banks, insurance companies and Wall Street brokers simply will not write loans against underperforming or vacant buildings anymore. Only stabilized assets need apply for institutional funding now-a-days. A building must be able to demonstrate a history of profitability and low vacancy. To be approved for a bank loan for the purchase or refinance an apartment building, the building must have a net-operating-income (NOI) equal to 125% of the proposed mortgage payment (a DSCR of 1.25). Deals that do not meet this requirement will have to wait until the credit markets improve or seek private funding.

Credit::

Borrowers or sponsors with weak credit scores are being summarily rejected by banks. To qualify for a low interest loan with good terms, from an institutional lender, all the principle borrowers need to have a tri-merged credit score of 680 or better.

Experience::

Banks are not willing to take a chance on first-time apartment investors. All borrowers are now required to demonstrate real experience in rental housing and a track record of success. Borrowers are asked to provide a detailed resume of past businesses owned that will be verified through their articles of incorporation and financial reports.

Net-Worth & Liquidity::

Many banks have instituted a policy of requiring that their borrowers have a net-worth at least equal to the balance of the loan they are seeking. In-other-words, if you want to borrow $1MM from the bank to buy an apartment complex, you need a net-worth of at least $1MM. Further, they will want to see that you have some money in the bank above and beyond the funds you're using for a down-payment. Often they will require borrowers to have a savings account balance equal to 12 monthly mortgage payments. Borrowers will be asked to provide a detailed personal financial statement that will need to be verified.

Quality Property in Good Location::

To secure financing from a traditional lender the building must be in a city or town that is not particularly depressed economically.

Winston Rowe & Associates has an excellent knowledge based investor resource for apartment building valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront free commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Aggressive National Apartment Building Financing With No Upfront Fees

Apartment Loan programs from Winston Rowe & Associates encompasses all aspects of multifamily apartment financing.  Whether you are refinancing a stabilized apartment building or acquiring & developing a new apartment complex, their aggressive apartment loans have helped investors across the country achieve their apartment financing goals with larger apartment loans, lower DCRs and faster closings.

Prospective clients with questions concerning their apartment building transactional funding programs can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Winston Rowe & Associates structures apartment and multifamily financing solutions utilizing a broad spectrum of traditional and non-traditional capital sources, They are not tied down by whatever the flavor of the moment is on Wall Street, and can get deals financed which the CMBS world can't or won't do, especially in the current structured finance market.

Their primary goal is to be your source for the financing of apartment loans, without up front or advance fees. Winston Rowe & Associates has creative solutions for commercial real estate investors across the nation. Prospective clients that need to refinance an existing property or you need purchase money - they can help structure the terms that most suitably meets your needs.

Apartment Building Financing Features Available:

No Upfront or Advance Fees
Loan Amount From $2,000,000.
Transaction Funded In 30 Days With Complete Submission
As low as 1.10 DSCR available in some cases
No Lockout & No Prepayment Options Available
Interest Only Option
ARM Programs Available
Non-Recourse Loans Available
Low Fixed Rates ranging on 5-10 Year loans with 30 Year amortized terms.
Conduit Fixed-Rate and Floating-Rate Loans
Fannie Mae and Freddie Mac Loans
Market Rents as NOI

Winston Rowe & Associates understands that in this business very few funding requests will fit neatly in a box and therefore they always look forward to working with clients to identify a unique deal structure that can benefit from their apartment building transactional financing programs.

They also have an excellent knowledge based free investor resource for commercial real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront fee apartment building loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Apartment Investments Improved Significantly Winston Rowe & Associates

National apartment fundamentals have improved significantly and are outpacing the recovery of other property types. After peaking at 8.0 percent in the first quarter of 2010, the national apartment vacancy rate declined 240 basis points to 5.6 percent as of the third quarter of 2011 based on Winston Rowe & Associates market analysis.

Apartment investors that need more information about commercial real estate loans can contact Winston Rowe & Associates at 248-246-2243 or visit them online at http://www.winstonrowe.com

The quick recovery of apartment fundamentals, interest in purchasing core assets has driven up the pricing of class-A apartments in primary markets to near pre-crisis levels in both cap rates and price per unit. As of the second quarter of 2011, the average transaction cap rate, including all asset classes, declined by about 20 basis points to 6.6 percent, while average cap rates for class-A apartments in primary markets declined to 4.7 percent.

Additionally the pent-up demand, the shift in preference from homeownership to rental is generating additional demand for apartment units. The homeownership rate has fallen from 69.0 percent in the third quarter of 2006 to 66.1 percent in the third quarter of 2011, which translates to approximately 2.7 million potential new household renters. Combined with the increased rate of foreclosures has also impacted the rate of homeownership and we expect it will continue to do so in the near-term.

Even with home affordability currently reaching an all-time high, many potential buyers are choosing to rent for now because of declining U.S. home values as well as the difficulty in qualifying for a mortgage, which makes it harder to buy homes. Winston Rowe & Associates expects housing prices will likely remain weak for the rest of the decade.

Winston Rowe & Associates has an excellent knowledge based investor resource for apartment building valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates has no upfront free private commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates Private Money Commercial Loans Explained

Winston Rowe & Associates has prepared this article about private money commercial loans to provide prospective clients with a better understanding of private money commercial loans as a financing tool that many businesses overlook when they need financing.

For more information about private money commercial real estate loans, you can contact Winston Rowe & Associates at 248-246-2243 or visit them online at http://www.winstonrowe.com 

How Private Money Loans Work:

Private money loans are provided by private investors, hence the term. These private money lenders wish to loan out their money at a higher interest rate than they could get from another type of investment. Private money lenders are not licensed to loan.

Applying For A Private Money Loan:

When you apply for a private money loan, the application process is going to be quite a bit different than what you are used to with a bank. You will have to fill out an intake form with basic information about you and your business. However, they use their own criteria when deciding whether or not to invest in your project. They may or may not use all of the financial ratios that typical lenders use. The approval process is usually very quick. You often do not have to go through multiple layers of the business to get approval. The lender decides individually if they want to give you the loan.

Understanding Private Money Criteria:

Often the most important criteria for the loan, is the condition of the property that you are buying. If you are buying a piece of commercial property, the private money lender will want to know everything about it. They will want to look at the property and make sure that they could resell it if they needed to. Because of this fact, they will often offer you a low loan-to-value LTV ratio of between 45% to 60% as compared to other types of traditional lenders, which offer LTV’s of up to 90%. This ensures that they can get their money back out of the loan if you were to default.

Winston Rowe & Associates has an excellent knowledge based resource for commercial real estate valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates

31408 Harper Ave

Suite 147

Saint Clair Shores MI 48082

248-246-2243

processing@winstonrowe.com

Winston Rowe & Associates has no upfront free private commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Commercial Refinance Loans Apartments Office Hotels Shopping Centers No Upfront Fees

Need to refinance your commercial mortgage? Winston Rowe & Associates has commercial mortgage many refinancing options for you. They can get your commercial mortgage refinanced in 30 days or less.

You can contact Winston Rowe & Associates at 248-246-2243 or visit their web site at http://www.winstonrowe.com

Winston Rowe & Associates provides refinancing or bridge loans on commercial properties including; Multifamily, Office, Industrial, Retail, Self Storage, Assisted Living-Congregate, Hotel/Motel, Special Use, with no upfront or advance fees, nationwide.

Winston Rowe & Associates loan pre-approval process is simple, streamlined, and flexible. Commercial real estate investors turn to them for quick turnaround times, borrower friendly terms, great rates, and ease of transaction.

Consider Winston Rowe & Associates For Your Next Commercial Loan:

Fast closing, 30 days or less
No upfront or advance fees
Nationwide financing available
Financing programs starting at $2 Million with no limit
Personal service

Winston Rowe & Associates success is measured by our clients' success, and their mission is to be their client’s source for the most appropriate and advantageous commercial refinancing solutions that help clients achieve their goals.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates provides commercial real estate loans in each of the 50 States.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

HARD MONEY LOAN DEFINITION WINSTON ROWE AND ASSOIATES

Winston Rowe & Associates, a national firm that provides hard money commercial real estate loans. They are a unique type of hard money company; they do not charge upfront fees.

Prospective clients with questions concerning their commercial real estate hard money financing options can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Hard Money Overview:

A hard money commercial loan is an advance for a commercial venture for which conventional funding is not available. In other words, it is money that is difficult to get elsewhere. The purposes for which such loans can be obtained include investments, property acquisitions, construction, business and industry, refinancing and a lot of others.

Suitable collateral is required for obtaining a hard money commercial loan. Third party appraisal on the collateral may not be necessary because the financier are experienced enough to assess the value. The loan to value (LTV) ratios is normally up to 65% but some lenders do exceed this. Even second liens are possible if sufficient equity is still available.

There are short term (six months to three years) loans and loans for longer terms, and also unsecured business loans. The interest rates vary. Currently, a hard money commercial loan could be possible in an interest band of 10% to18%. It could be a floating rate or a fixed rate. Some lenders offer the option of 'interest lock' for short periods. This can be beneficially used if there is the expectation of rates going up. Sometimes the funds are utilized as a bridging loan while waiting for a traditional loan. Certain lenders impose a pre-payment penalty if the loan is repaid ahead of the agreed schedule.

The lenders can be approached directly online or through brokers. In case, shopping around and comparing the rates and term would be prudent. The main consideration in taking a hard money commercial loan is whether it would generate enough money to comfortably service the borrowing.

In addition to private money solutions, Winston Rowe & Associates offers the best in traditional financing programs. When you call them with a loan scenario, they quickly assess what type of financing is appropriate for your situation. Then utilize their direct access to the most aggressive investor sources in the world to create a customized financing solution for clients.

Winston Rowe & Associates also has an excellent knowledge based free investor resource for commercial real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com
Winston Rowe & Associates has no upfront fee commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

NO UPFRONT FEE NATIONAL BRIDGE LOAN LENDERS

Winston Rowe & Associates, a national commercial bridge loan financing specaliest, provides businesses with short-term bridge loans for up to three years with interest only payments.

If you have any questions concerning private or bridge or hard money financing, you can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

They have commercial bridge loans for commercial real estate in need of fast capital which can be used for acquisitions, refinances, construction, or to even save a piece of valuable real estate from foreclosure. These financing products are simple to obtain, can be funded faster than any commercial mortgage, and are offered at surprisingly competitive rates.

Winston Rowe & Associates No Upfront Fee Bridge Loan Solutions Include:

Hard Money Loans:

Winston Rowe & Associates hard money loans for deals with "hair" and LTV's ranging from 50%-65% based on as-is cash sale value. Examples include: hard money development loans, very quick closings, distressed debt or partnership buyouts, bankruptcy loans, borrower background issues, etc.

DIP Loans:

Stalled projects where funding has dried up, they have solutions for additional capital for everyone’s benefit. Specifically, Winston Rowe & Associates Project Rescue & DIP Loans will fund priming DIP loans and bankruptcy plans; finish construction or entitlement; continue interest payments; cover operating expenses including taxes, payroll, utilities, insurance, HOA dues and marketing; avoid premature discounted sales and write-offs; and provide time to effectuate a repositioning plan or to simply wait for recovery. These loans are perfect for workouts, restructures and bankruptcy plans; a priming senior lien is required.

Bridge Loans:

Winston Rowe & Associates will fund short-term capital requirements needed to bridge a gap, but only with reasonably assured exit strategies. Examples include: completed condominium inventory loans, tenant improvement loans, and pre-sold residential or commercial lots.

Bridge Loan Criteria:

No Upfront Fees
Property Types: Any Commercial Real Estate
Loan Amounts: $1,000,000 & Up
Terms: 1 Day to 3 Years
Amortization: Interest Only
Maximum LTV: 65%
Recourse: Recourse; Non-Recourse On a Select Basis
Geographic Location: Nationwide
Funding: 14 days from complete submission of the due diligence package

Winston Rowe & Associates also has an excellent knowledge based free investor resource for commercial real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates has no upfront fee commercial mortgage loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

NATIONAL HOTEL LENDERS NO ADVANCE FEES

Savvy Investors seeking Hotel financing are turning to Winston Rowe & Associates for their needs. They are a no upfront fee national commercial finance specialist with the experience clients need for fast funding of hotels for purchase or refinance.

They have an easy and straight forward streamlined underwriting process that enables their clients to finalize their transactions within 30 days or less.

Prospective clients can contact Winston Rowe & Associates directly at 248-246-2243, or visit them online at:

http://www.winstonrowe.com

Winston Rowe & Associates success is measured by their clients' success, with their mission is to be clients source for the most appropriate - and advantageous - hotel financing that helps them achieve their goals.

Whether you are a seasoned investor or new to the market, Winston Rowe & Associates is there to help you explore your best options for hotel and hospitality financing.

They also have an excellent free knowledge based resource for commercial real estate investors located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates has no upfront free commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates National Hard Money Bridge Loans With No Advance Fees

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates National Hard Money Bridge Loans With No Advance Fees

Winston Rowe & Associates

Winston Rowe & Associates National Hard Money Bridge Loans With No Advance Fees

Winston Rowe & Associates provides short term commercial financing or bridge loans on commercial properties including; Multifamily, Office, Industrial, Retail, Self Storage, Assisted Living-Congregate, Hotel/Motel, Special Use, with no upfront or advance fees, nationwide.

You can contact Winston Rowe & Associates at 248-246-2243 or visit their web site at http://www.winstonrowe.com

Winston Rowe & Associates quick turnaround allows their clients to close bridge loans in a shorter time frame than otherwise required for traditional permanent loans, generally 30 days or less. Bridge financing gives owners the flexibility they need to reposition and stabilize properties.

Winston Rowe & Associates success is measured by our clients' success, and their mission is to be your source for the most appropriate and advantageous commercial financing solution that helps you achieve your goals.

Why Consider Winston Rowe & Associates For Your Next Bridge Loan:

Fast closing, 30 days or less
No upfront or advance fees
Nationwide financing available
Financing programs starting at $2 Million with no limit
Terms from 12 to 36 months
Debtor in possession (DIP) exit financing
All commercial property types considered
Personal service

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates provides commercial real estate hard money bridge loans in each of the 50 States.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

3.375% Interest Only Construction Loans Owner Occupied Single Family Homes

Winston Rowe & Associates is a nationwide real estate finance firm. They a new loan program for residential construction for owner occupied and second homes across the nation.  This does not include residential developments.

For more information about Winston Rowe & Associates you can contact them at 248-246-2243 or visit them online at http://www.winstonrowe.com

Home Construction Loan Guide Lines:

Single Family Residential & Owner Occupied Second Homes
Financing Available Nationwide
Rate: 3.375% Fixed Interest Only During The Project
Loan Amounts: Five Hundred Thousand To Twenty Five Million

Loan to Values:

80% LTV to 1 M
75% LTV to 1.5M
70% to 2M
60% to 3M+
California Reduce Terms By 5% LTV
Minimum Fico: 680
No Florida, Texas, New York or Michigan

Winston Rowe & Associates also has an excellent knowledge based free investor resource for real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

In addition to residential construction financing solutions, Winston Rowe & Associates offers the best in traditional and private money commercial real estate financing programs. When you call them with a loan scenario, they quickly assess what type of financing is appropriate for your situation. Then utilize their direct access to the most aggressive investor sources in the world to create a customized financing solution for clients.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com
Winston Rowe & Associates has loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates National Commercial Loans No Advance Fees: Commercial Lenders In California – No Upfront Fees

Winston Rowe & Associates National Commercial Loans No Advance Fees: Commercial Lenders In California – No Upfront Fees

Commercial Lenders In California – No Upfront Fees

Do you need a California commercial real estate loan or a nationwide financing solution, Winston Rowe & Associates can help, without upfront fees to review your transaction.

Feel free to contact them to discuss your California commercial real estate financing needs at 248-246-2243 or visit their website at http://www.winstonrowe.com

They provide a wide range of high-quality commercial and multifamily loans that can be tailored to fit any client’s particular commercial real estate financing needs.

Winston Rowe & Associates commitment to their customers means they work with clients through each step of the financing process, finding a solution that works best for their clients.

Whether purchasing a new property, searching for a California commercial real estate loan, or refinancing an existing commercial property, Winston Rowe & Associates has the necessary expertise to secure financing to achieve their clients investment goals.

No Upfront Fee Programs For The Following Property Types:

Apartment Buildings
Hotels
Office Buildings
Medical Buildings
Shopping Centers
Bridge Loans
Private / Hard Money Loans
Close In 30 Days

Call them if you are having trouble getting your loan closed or if you have a unique situation. Winston Rowe & Associates typically has the lowest rate and the best service in the business.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates also provides no upfront fee loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates National Commercial Real Estate Loans – No Upfront Fees

Winston Rowe & Associates a national commercial real estate lending firm specializing in no advance or upfront fee financing solutions, which can fund within 30 days.

Winston Rowe & Associates finances all types of commercial property with loan amounts ranging from $500,000.00 to $500,000,000. nationwide. They have some of the best service and most aggressive investor sources in the business.

For more information about commercial real estate investing you can go to http://www.winstonrowe.com or contact Winston Rowe & Associates directly at 248-246-2243.

National commercial real estate loans from Winston Rowe & Associates can be obtained for purchases or refinance of a wide variety of business properties, including:

Apartments
Senior Living
Assisted Living Facilities
Self Storage Facilities
Shopping Centers
Industrial Buildings,
Hotels
Restaurants and Fast Food Outlets
Parking Garages
Car Washes
General Industrial Properties (including warehouses and factory units)

If you’re looking for real estate properties for commercial investing or need background information on an asset? The following link will take you directly to Winston Rowe & Associates free commercial real estate and investing resources:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates has an experienced and enthusiastic professional team with the expertise needed to make the commercial lending process as easy as possible for their borrowers and without upfront fees or time delays.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront free commercial property loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates National Hotel Resort Construction Financing No Upfront Fees

If you are looking for hotel construction financing, then look no further than Winston Rowe & Associates they have the years of experience to get you the right loan. No matter how big or small the hotel is, with swimming pools, meeting rooms, restaurants, etc. or not; whether it is flagged or non-flagged, a resort, motel, or inn; we possess the knowledge for the ins and outs of the hotel industry, and will ensure that your project could not be in better hands.

For more information about Winston Rowe & Associates hotel and resort financing solutions prospective clients can contact them directly at 248-246-2243 or visit them online at http://www.winstonrowe.com

Their financing has no upfront fee and comes with experienced professionals that can explain your financing plan and how your repayment plan will work, so there's no guesswork. There's little waiting time for hotel/motel financing, so you can purchase a property and start making a profit sooner.

Winston Rowe & Associates hotel and resort loan amounts range from $1,000,000 to $500 Million, with fixed rates and interest-only programs are offered with debt coverage ratios starting at 1.10 and up. Regardless of where your hotel will be built, within the United States, they will get you started to have your hotel up and running in no time.

Winston Rowe & Associates also has an excellent knowledge based free investor resource for real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

In addition to hotel and resort construction financing solutions, Winston Rowe & Associates offers the best in traditional and private and hard money commercial real estate financing programs. When you call them with a loan scenario, they quickly assess what type of financing is appropriate for your situation. Then utilize their direct access to the most aggressive investor sources in the world to create a customized financing solution for clients.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

New Home Construction Loans Residential Construction Lenders Nationwide

Winston Rowe & Associates is a nationwide innovative real estate finance firm. They bring expert market knowledge and competitive residential construction mortgage loans for owner occupied and second homes across the nation.

For more information about Winston Rowe & Associates you can contact them at 248-246-2246 or visit them online at http://www.winstonrowe.com

New Home Construction Loan Guide Lines:
Single Family Residential & Owner Occupied Second Homes
Financing Available Nationwide
Rate: 3.375% Fixed Interest Only During The Project
Loan Amounts: Five Hundred Thousand To Twenty Five Million
Loan to Values:
80% LTV to 1 M
75% LTV to 1.5M
70% to 2M
60% to 3M+
California Reduce Terms By 5% LTV
Minimum Fico: 680
No Florida, Texas, New York or Michigan

Winston Rowe & Associates also has an excellent knowledge based free investor resource for real estate investing, valuation and analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

In addition to residential construction financing solutions, Winston Rowe & Associates offers the best in traditional and hard money commercial real estate financing programs. When you call them with a loan scenario, they quickly assess what type of financing is appropriate for your situation. Then utilize their direct access to the most aggressive investor sources in the world to create a customized financing solution for clients.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
processing@winstonrowe.com

Winston Rowe & Associates has loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

How Commercial Loans Work Winston Rowe & Associates

Prospective clients with questions concerning their commercial real estate financing options can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

One typical way for people to acquire business property is to procure a loan, also known as a mortgage. When they are going to be using the property for business functions, the loan will be a commercial mortgage. These types of loans can be used to buy a structure where specialists will operate the business. The other choice is to acquire a house or apartment building that will be leased to other people.

Options for Professionals

Some people may be able to obtain a mortgage with no money down. These people are generally professionals who will use the property to perform services for their clients. Instead of a down payment, these professionals can offer the lender an asset that will be collateral for these 100 percent loans. In these cases, the lenders are offering a secured loan that is less risky for them because they will be able to sell the asset offered as collateral if the borrower cannot make the payments on the loan.

Because there is no down payment required for these 100 percent mortgages, the interest rate will be higher, but these types of loans can be advantageous to those who have not started their businesses yet. These professionals may need to have cash to begin setting up their practices, and they will have the opportunity to do that with no money down.

Mortgages for Other Purposes

The other type of commercial mortgage requires that the property be placed as collateral for the loan. The terms of these loans will be different from the typical mortgage that can have a term as long as 30 years. With loans used to purchase commercial property, the term can be much shorter, a couple of days, or it can also be 30 years. The business owners will make monthly payments just like for their residential properties, but they will, most likely, have a balloon payment after a determined number of years.

For example, if the term for the loan is 10 years, the business owners will make monthly payments for this amount of time. At the end of the term, the full balance will be owed to the lender, called the balloon payment.

Qualifying for the Loan

Qualifying for these loans also is similar to obtaining a loan for a home because the business will need to have a credit check. Although a lower credit score will not necessarily disqualify a business from borrowing money, a higher credit score is preferable for lenders.

What is very important to lenders is how well the business is currently performing. If the business has been very profitable up until the present time, it will be easier for these business owners to receive the money they need to purchase their properties. The lenders may also require that business owners offer them a business plan that will demonstrate how their businesses are going to benefit from the purchase of the property. If the plan can show that business profits will increase, lenders can be secure that they will receive the money back that they lend to these business owners, an important factor in deciding whether or not to lend business owners money.

Winston Rowe & Associates

31408 Harper Ave

Suite 147

Saint Clair Shores MI 48082

248-246-2243

Winston Rowe & Associates has commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates Commercial Construction Loan Financing In The Great Recession

Just the other day, I heard a rather prominent commercial real estate mortgage industry insider (who wishes to remain anonymous) utter something like: "Sorry guys, no commercial lenders are making loans for commercial construction financing these days in this dismal economic downturn." No wonder that industry insider wants to remain anonymous! He ought to because it seems to me that when executives start to parrot what they hear in the news media, they actually cause the doom and gloom that doesn't really exist @ all before they proclaim it. Anyway, rest assured that you can get commercial construction loan financing - if you know where to look...

Perhaps where he comes from, commercial construction financing is hard to come by, but he was undoubtedly referring to traditional commercial real estate lenders. Now don't get me wrong, conventional commercial lenders do have a solid rationale for being reluctant to provide construction loan financing: "In a down economy, lots of standing (existing) real estate sits vacant or unsold on the market. So, why the heck should we finance new construction?"

OK, we get their point, but there are still a lot of good solid new construction projects out there that need to be funded, and yours may just be one of them. If so, private commercial construction loan financing is where it's at. Here's what it is, why you may need it, and how you can get access to $250,000 to $500 million in the ideal combination of private commercial mortgage loans and up to 100% joint venture equity capital...

Private Commercial Construction Loan Financing Defined

First of all, let's define what a commercial construction loan actually is. Private commercial construction loans are typically short-term interim recourse commercial loans from non-bank sources (e.g. private investment firms, individual investors, hedge funds, etc) to finance construction costs. In a typical case, the lender would advance construction funds to you as the builder at periodically at set intervals as the work progresses. By "recourse", we're referring to loans where the lender may seek to recover money in addition to real property that the borrow pledges as collateral in the event of a loan default.

Why You May Need Private Money To Fund Your Commercial Construction Deals

Perhaps the toughest issue that we as commercial real estate investors and owners face--especially within this challenging economy is locating financing when our credit scores, resumes, and/or financial statements are less than stellar. Private lenders and equity capital financiers can work with you to find or devise the ideal combination of debt & equity to finance your commercial construction project. Plus, these private capital sources have much greater flexibility, can offer you more creative financing options, and they can fund your deals with eye-popping speed and efficiency.

How You Can Access Private Commercial Construction Loans and Equity Capital Financing

Based upon the information that you have just read, if you feel that either private commercial mortgage finance or private equity capital finance sources are appropriate for your new commercial construction real estate ventures, please just keep in mind that you certainly can get access to the most appropriate form of commercial construction loan financing for your business - as long as you know just where to look for it.

Charles Emery is a Commercial Real Estate Finance Consultant with Radiant Properties LLC, a Philadelphia, PA based real estate investment and commercial real estate finance consulting firm. Prior to his entrepreneurial endeavors, Charles worked as a Commercial Credit Analyst at a large Philadelphia area regional bank where he provided Commercial Lenders with financial, business and industry analysis, upon which those Loan Officers based their commercial loan funding decisions. He also performed marketing & sales calls along with new business prospecting as part of his overall commercial lending related work responsibilities.

Winston Rowe & Associates

31408 Harper Ave

Suite 147

Saint Clair Shores MI 48082

248-246-2243

Winston Rowe & Associates has commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates - Why Hard Money Loans Are Becoming Borrowers Only Option

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates - Why Hard Money Loans Are Becoming Borrowers Only Option

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates Apartment Financing Realities

Winston Rowe & Associates National Commercial Loans No Advance Fees: Winston Rowe & Associates Apartment Financing Realities

Winston Rowe & Associates Apartment Financing Realities

Apartment buildings are hot today. As a matter of fact those who own them benefit from this real estate bear market. If you wonder how's that, just think of the millions of homeowners whose properties have been foreclosed or were forced to short sale their homes. These folks are now renting, they can't qualify to buy another house, at least not for a few years. In the meantime, banks are in no hurry to dispose of the recently foreclosed homes as the government has helped them eliminate their losses (through bailouts). While these homes are sitting vacant for months, if not years, the apartments are getting full and more demand is thus created.

Prospective clients with questions concerning their apartment building and multifamily financing options can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Before rushing in to look for apartment buildings be sure to learn what it takes to qualify for a mortgage nowadays. Skin in the game is a must, there are no 100% loan programs available today no matter what the internet says. Financial strength is also required, the lender must feel comfortable that you'll have sufficient reserves/net worth to cover for the mortgage payments should high vacancy occur or major repairs must be made. And last but not least, it's the background in owning and managing apartment buildings. Owning and managing residential properties is not sufficient experience, yes both are real estate but completely different breeds. For more details on how to position yourself first in line for financing read my past article titled "Reality vs Fantasy in Commercial Financing".

As far as apartment building loan programs there are a few that most seasoned owners/investors are currently taking advantage of. For example, there is a Multifamily Small Loan Program that streamlines the entire loan process for multifamily acquisition and refinancing for loans between $1 million to $3 million ($5 million in major MSAs). Why is this loan so cool? First of all because once you have it you won't need to refinance after a few years. You see, most bank loans have terms of three, five, seven or ten years (with balloon payments and longer amortizations), after which owners simply are forced to refinance. Not with this loan! You get a low rate and save money - and equity - by not having to refinance in the future.

Does it appear too good to be true? No, not really, because as mentioned earlier a substantial down payment (if purchase) or equity (if refinancing) is required. Expect an average of 70 to 80% LTV (Loan to Value) with no exceptions above this limit. Expect to provide evidence of previous multifamily ownership and a solid PFS (Personal Financial Statement). If you're half way there here is an idea. Find a trustworthy partner with whom to join forces, and remember the word "trustworthy".

When it comes to rates while they are low they won't be as low as residential rates. However, the lower the LTV the better the rate. For example a loan with a forty percent equity and a higher debt service ratio will benefit in form of lower rates due to its lower risk. (For a rate quote please contact me). The other difference is that residential loans today tend to come with no prepayment penalties while many commercial loans do. So what should a borrower expect? Up to five years with a penalty determined when the loan is underwritten. Yet, this should not be considered a big detriment unless you plan on selling the property during the next few years. This loan program is best used for those planning on holding on to the property in longer term (more than five years) otherwise, there are better programs for short-term investors.

Properties best suited for this program are those in good to great condition and with high occupancy rates of 90% or above. I see plenty of requests out there for distressed multifamily properties and yes, there are great opportunities in buying and stabilizing such properties. And hard money or private money may be the temporary solution. After the property is fully stabilized it may then qualify for the Multifamily Small Loan Program.

Please try to forget the guidelines from the past decade. Forget the no down payment or little down payment programs. Forget the stated income, no income and no documentation programs. They are fantasy, unrealistic, time-wasting thoughts. They are gone and not coming back for a long time. Seasoned investors know this and that's why they work rather efficiently when they are in need of financing. Their goal is a successful closing and they know what it takes to get there...a viable project and a viable borrower with more than enough proof to provide to the lender.

One last piece of advice. If you're looking to finance apartment buildings in Croatia or Australia or some other far-off land you won't get funded by American lenders. No matter how appealing your project is it won't happen. Why? The problem is one of taxation. If a foreign bank were to make a big loan here in the states, the US government would levy a foreign lender tax of 30% of its interest income. Conversely, an American lender doing a loan in another country would subject itself to a similar tax imposed by the foreign country (check with your tax adviser for more details). There is one exception, however, and that is if an Australian bank starts a subsidiary bank here in the US and the subsidiary makes loans in the US. Generally speaking, if you are seeking a loan in Croatia, save time and energy, and go local.

The Lending industry is quite chaotic and unpredictable, especially in today's economic environment. Banks will like your deal today and hate it tomorrow. Most commercial loans are originated today as Portfolio Loans. This means the lender keeps the loan in their portfolio for the entire term. So, if they find today they have too many retail centers in their portfolio, they will decide - over night and without a warning - to shift to apartment buildings.

Winston Rowe & Associates

31408 Harper Ave

Suite 147

Saint Clair Shores MI 48082

248-246-2243

Winston Rowe & Associates has commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Winston Rowe & Associates - Why Hard Money Loans Are Becoming Borrowers Only Option

The effects of the recent mortgage meltdown are still being felt and conventional lending has come to a screeching halt for real estate investors. This puts hard money lenders in the position to make a fortune.

While it would be easy to blame selfish corporate bankers for the lending freeze, the problem is actually a little deeper. The strict lending rules and borrower criterion that must be followed was enacted to protect investors who buy loans in the secondary markets.

Allow me to explain: to insure banks always have money to lend; several loans are bundled into a group and sold to investors as a mortgage backed securities. This sale provides the original lending bank with a quick return on capital and enables them to lend the money again.

The investors who purchase these mortgage-backed securities do not have the privilege of meeting the borrower or reviewing their credit worthiness, therefore they must rely on the lender's guidelines to ensure the integrity of the investments.

Prior to the mortgage meltdown, the lending criterion was much more relaxed, when the sun was shining and everyone was making hay. Now with the banking and mortgage industry on shaky ground, the rules were tightened to soothe nervous investors and encourage them to keep purchasing mortgage backed securities.

Unfortunately, now the banks are gun-shy. No bank wants to be stuck holding mortgages they can't unload so they've almost stopped lending altogether.

However throughout this turmoil real estate investors are still working diligently flipping and rehabbing distressed properties and for the hard money lender this presents a fantastic opportunity to build wealth.

As a private lender there are no committees and your underwriting process can be as streamlined as you desire. There is no shortage of available clients and you will have the opportunity to cherry pick the deals that make the most sense to you.

For the real estate investor seeking financing, hard money is the perfect solution. These short-term loans provide swifter funding without jumping through the regulatory hoops imposed by conventional lenders. Truly a win-win situation.

Private Rehab Lenders Can Make a Fortune in Today's Real Estate Market

The mortgage banking industry's lax lending practices during the early part of the century changed banks from lending institutions into loan flippers because they sold every loan they made back to Wall Street.

Now as they struggle to set the market straight again, thousands of solidly built properties sit vacant. Property rehabbers and flippers would love to take these properties off the bank's hands and turn a tidy profit and as a private rehab lender you can earn an even tidier profit helping these investors do just that.

One of the first economic concepts any of us learn is that of supply and demand. Unfortunately the balance is skewed; there is an abundant supply of properties but no one can obtain the money to rehab them.

The banks aren't doing it; many of them have used the "TARP" money that was supposed to go into loans to purchase other banks or build reserves after getting their toxic loans off the books.

To the savvy private rehab lender this mismanagement of the corporate banking industry can mean real dollars in your pocket for years to come.

These days conventional financing doesn't work for rehabbers and flippers. Since they are buying houses that need work it's difficult to convince tightfisted bankers to assume the higher perceived risk on an investment property and if they are selling back to Fannie/Freddie the loan will not qualify for conventional financing anyway.

But there's a lot of money to be made in private lending BECAUSE of the declining market and the perception that real estate is dead. In fact, you can capitalize on this market if you buy at the right numbers. Because so many have subscribed to the doom and gloom reports many of the rehabbers and flippers that were only looking for the quick buck have disappeared.

This means that the ones that are left are serious about finding profitable deals. If you're looking for a way to profit in the real estate market without getting your hands dirty providing private rehab loans to other real estate investors can yield double-digit returns.

Winston Rowe & Associates

31408 Harper Ave

Suite 147

Saint Clair Shores MI 48082

248-246-2243