Commercial Mortgages post1

FC360 COMMERCIAL MORTGAGE

Includes:

·Shopping centers, industrial buildings, office buildings.
·Golf courses, resorts, hotels, parking garages, car washes.
·Construction loans, ground leases, seconds, wraparounds, etc.

Acquisition & Development
Raw land infrastructure development.

Adjustable Rate Commercial Mortgage
Interest rate moves with a specific index (Prime, T-Bills, etc.)

Construction Mini-Perm
Construction with 3 to 5 year loan, usually on income producing property.

Construction Loan with Take-out
Construction with prearranged takeout loan in place.

Fixed Rate Commercial Mortgage
Interest rate remains constant throughout the term.

Hard Money Loan
Loans from private lenders based primarily on the hard asset value (commercial building, vacant land, etc.)

Bridge Loan
A short term (2 yrs or less) bridge or project type loan.

Joint Venture (JV)
A financial partner in the development of real estate.

Participating Mortgage
Lender receives a kickback for gross income above a preset level.

Real Estate Sale and Leaseback
Lender purchases land and leases back to borrower (generally developer) for a fixed rent plus other considerations. Mortgages are issued on leasehold at market rates. Usually, produces more dollars than a mortgage.

Real Estate Purchase Loan
Lending for the purpose of commercial real estate.

Second Mortgage
Loan secured by equity behind that of the first lien.

Wraparound
Lender makes a second mortgage and assumes the first mortgage.

• Debts First, Savings Second It seems that since the credit crunch took hold and the banks curbed their enthusiasm for lending, there has been a misconception amongst financial institutions that people are now in a position to open savings accounts. Whereas the media was once awash with adverts for loans and credit cards it......
• Mortgage Calculator Help Loans and mortgages have got their own sole calculators. A mortgage calculator assists you to estimate mortgage loans and payments together with an amortization plan, with only a specific set of data input. The calculator is simple, and you don't have to waste time in utilizing complicated equations or reports.......
• Is Buying My Own Home Better Than Renting? So you’ve recently moved out of home. The apartment you were simply isn’t cutting it, or perhaps it's time to leave the parental nest. You want your own pad, but you're feeling uncertain about taking the plunge into property ownership - let alone knowing where - or how - to start.......
• How to Become a Real Estate Investor Real estate is a great investment option. One could buy a house, work on it or rent it out, and watch their initial investment double. Real estate can be quite valuable, especially if people buy the right kinds of places. With careful thought given to property types and funding options,......
• Time to Buy that Vacation/Retirement Place? Two weeks ago, I lamented about how I bought my home at the wrong time. In fact, I'm technically upside-down on the place. That means that my mortgage is slightly more than the place is worth. So why do I ask the ridiculous question in the title? ... because my......