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When negotiating and structuring a loan, the first questions we hear from borrower’s and primary focus of discussion nearly always center around the prospective lender’s rates and fees. While rates and fees will generally dictate the cost of the loan, not all loans are created equal – beyond the interest rate, there are several other important loan terms that borrowers should be aware of. Unlike traditional home mortgages, which are relatively uniform, commercial and bridge loans often include a wider variety of terms that can be of high importance to a real estate investor and the ultimate success of their project. Whether working with a bank or a private money lender, understanding the following loan terms will assist a real […]
Increase your likelihood of getting the loan you need by compiling a complete loan package. Success often lies at the intersection of preparation and opportunity. When searching for a commercial property loan, an opportunity has likely already presented itself – and with a little preparation, you will be better positioned to capitalize on it. Obtaining a commercial loan is a more complex and time-consuming process than most residential loans. Timing is key – being prepared can save you time and allow you to close on a tight timeline. Having all relevant information and documentation ready in advance of approaching a lender may even result in more favorable loan terms. Uncertainty and unanswered questions represent risk to a lender, so present […]
Important Market Considerations for Real Estate Investors. Seattle and the greater Puget Sound region have been home to some of the hottest real estate and development in the last several years. However, there are some signs of change that real estate investors should be aware of. Rising Interest Rates In June, the Federal Reserve Board implemented another rate hike, bringing the Fed Funds Rate to 2.00%. Fed Chairman Jerome Powell has described the case for continuing to raise interest rates as “strong,” citing declining unemployment and increased household spending. With two more rate hikes planned for 2018 and three in 2019, investors should expect rates to continue to rise. This week the WSJ prime rate hit 5.00%. Higher interest rates […]
Key considerations for builders when structuring a construction loan. Development has continued at a rapid clip here in the Pacific Northwest – evidenced by Seattle leading the nation in cranes in the sky for the third straight year with 45, and Portland not far behind with 32. While your project may not require such heavy-duty machinery, whether large or small, a well-structured construction loan will have a significant impact on the overall success of your project. Construction loans, either from a bank or a private money lender, may include a wide variety of terms and structures. Below are some things to consider when shopping for a construction loan that will allow you to make the best decisions for your project […]
Why more investors are turning to private money for their real estate financing needs. Private money lenders, or hard money lenders, often have the reputation of an option of last resort for individuals who cannot qualify for traditional financing. However, this is common misconception – many private lenders work with high-quality real estate investors, while providing many advantages over bank financing. As banks have tightened their lending standards, an increasing number of real estate investors and developers have turned to private money to get more deals done, quickly and efficiently. Speed Private money loans can allow a real estate investor to capitalize on fleeting opportunities. On a typical commercial property loan, where a bank might take 2-3 months to close, […]
Not all private lenders are created equal. A simple Google search of “Private Lenders” brings back over nine million hits. Searching “Hard Money Lenders” willing bring you another five million more. In a competitive market there are many very good options, but an increasing number of lenders with the potential to cause set-backs for you and your project. With so many options out there, how does a borrower find a lender who is the right fit for them? Beyond just the rate and fees offered, what should you consider when looking for a private lender? Finding the right private lending partner, who offers speed and flexibility, can have a huge impact on a real estate investor’s bottom line. The following […]
Increase the likelihood of getting the terms you want. Private money lenders offer real estate investors speed, flexibility and the opportunity to take advantage of otherwise fleeting investment opportunities. Unlike banks, private lenders can often offer more flexibility in their terms and underwriting requirements – a significant advantage when time is of the essence. But how can real estate investors better present their loan requests to private lenders in order to secure the most favorable terms and bring a deal to the finish line in the fastest, most efficient manner possible? While a major advantage of using a private money lender, such as Juniper Capital, is the reduction of frustrating red tape, preparedness on the part of the borrower is […]