Last week I wrote a blog about how historically aggressive private money commercial bridge lenders are getting. This month George Smith Partners, the big commercial mortgage banking company (the original founder started George Smith & Company decades before I founded Blackburne & Sons forty years ago) released a newsletter, FinFacts, containing the following tombstone: “George…
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Nearly a decade ago, there was a foreclosure crisis. Realtors were buying old houses and flipping them. Now, the strategy is to buy new and rent out. This new asset class that is taking the private equity market by storm. It started in Arizona, spread to the Sunbelt, and is now spreading across the country.…
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No matter your situation, we have the perfect loan to meet your needs. Complete our online application to see how much you qualify for and your local loan consultant will reach out to you to discuss your options.
This may be the most instructive training article that I have written in several years, so I strongly encourage you to study it. (Note: This is NOT the subject vet clinic.) Sometimes in the commercial loan business, you have to value a property based strictly on a capitalization rate (“cap rate”). Several years ago, I…
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You own a small business. Your business is just recovering from the COVID Crisis. Wow, that PPP loan sure came in handy. There are some great business opportunities out there, assuming you can find enough employees; but you’re scared. It’s been 13 years since the Great Recession. Isn’t the next stock market crash and a…
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(BPT) – Despite disruptions over the last year, the number of entrepreneurs launching startups hit record highs in 2020. In the U.S., vision, passion, grit and a startup-friendly environment have resulted in the world’s highest number of startups. If you’re one of the millions feeling the pull to start your own company, your timing couldn’t…
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This is the perfect time to talk about the “quality” of income. Real estate crashes seem to strike about every ten to fourteen years, and it has been thirteen years since the Great Recession. If we were to have another commercial real estate crash, would you rather own a building leased to Betty’s Gift Shop…
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If your small business is in need of ready working capital or you are having difficulty meeting the demands of large clients due to capital constraints, we can help. You can find out more by simply contacting us at our offices during normal business hours of operation. Once you put us to work, you could…
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OUR RATES HAVE DROPPED AND OUR LTV’s HAVE GONE UP! PROGRAM HIGHLIGHTS Rates Starting at 4.375% FICOs Down to 650 5/1ARM, 7/1ARM, 30 Year Fixed 1-100 Units, Mixed-Use, Commercial LTV Up to 90% ALL PROGRAMS ARE NO-DOC LOANS! NO UPFRONT FEES, NO JUNK FEES, NO TAX RETURNS! Call us today at 210-686-7221 for more information!
Wow. If you walked into the executive offices of some savings and loan associations in the early 1980’s, the wealth and opulence would have amazed you – walls paneled with expensive oak, glistening marble floors imported from Italy, and genuine crystal chandeliers hanging from the ceiling. On the walls you would often find wildly-expensive oil…
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