I recently watched a TV commercial for a local bank. At first I thought the ad was for a travel website, because they showed families enjoying their vacation. Then I realized they were selling their ATM access. Nothing was said about loan programs or commercial lending. The fact is, they don’t want borrowers to contact them because the answer is most likely going to be NO.
When borrowers and brokers send us a request for commercial real estate funding, we always respond with questions. Every loan request that comes to us is in raw form and needs to be prepared for lender review. Many times these loans are prepared by a third party and when asking for additional information the client points to an extensive business plan, which may have been written for a different audience.
Commercial Loan Packaging
Thank you for taking time to read this blog. You certainly could be doing other things and you most likely appreciate reading a message that is well articulated, with proper use of grammar and correct spelling and punctuation. I spent time thinking about the points I wanted to highlight and proofread my draft before publishing it on the website. I hope you find this article thought provoking and entertaining.
If I wrote this using my smartphone, I would leave out some important points. It would have numerous spelling errors, lots of abbreviations, and would be all lower-case. You probably would not bother to read all of the text because you would get annoyed with translating SMS language to English.
Email is Legally Binding
The Treasury Department in U.S. is finally here with a concrete step to remain within the Federal debt limit. It has been decided by the department to keep funding the government without crossing the national debt limit. This is indeed a commendable step.
As per the settlement between the Obama administration and Congress, increase in the debt ceiling has been approved. The “debt-issuance suspension period” has been announced by the U.S. government under the specific act which governs the Civil Service Retirement and Disability Fund. This will help the government to convert the remaining treasury securities used for funding and put it to good use for other improvements.
Here are some links to the links I found in my search.
# 10 – Top 10 things to do before starting a business
Commercial Lending Report
Even with uncertain economic indicators and slow hiring, rental housing demands are increasing. Conditions remain favorable for multifamily markets across the nation. The demographic trends indicate high levels of immigration, the surge in echo boomers forming their own households, a further shift away from homeownership, and the growing diversity in household composition support continued demand for rental housing.