What a crazy week it was last week in the financial markets! We all witnessed the credit rating for the United States being downgraded by Standard & Poors for the first time in our history.
And we’ve seen the stock market sell off on the heals of the downgreade. And what should have happened in this situation didn’t. In fact, just the opposite occurred.
I’m referring to interest rates going DOWN, when they should have gone up!
Hey, I’m not complaining. But I do want to be sure you know what happened, so you can take advantage of it.
The stock market sell-off of the last two weeks has actually created the refinancing and purchase opportunity of a lifetime in commercial real estate!
Rates on most products are in the 5′s now with the low 5′s and even the 4′s available on select property types. That’s a huge opportunity!
And if you have a balloon note due in the next 2 years, you should be seriously considering a refinance. And, if you’re in the market for commercial real estate, you simply cannot beat the financing rates currently available.
Obviously financing is still tight. Not impossible, just tight. The key is in deciding who to work with.
And who should you work with? I’d strongly suggest someone with a proven track record for actually closing loans. Hint, hint…
| SIDE NOTE |
I wasn’t going to do this, but it’s driving me nuts and I need to vent a bit. I get telephone calls and emails almost every single day from business owners, investors and commercial real estate professionals.
They all have one thing in common. FRUSTRATION! And I share your frustration. Here’s part of an email I received from a frustrated commercial real estate professional who was in search of financing to assist her client.
“I have had no success in finding them financing. There are so many bogus companies and programs out there, that I have about given up looking.”
When I hear something like this I want to stand on the roof of the tallest building and scream at the top of my lungs, “Don’t EVER give up!”
But I get it. I understand her frustration. I’d probably feel the same way if I were in her shoes. And while I am not sure I can help her client, ne thing I do know, if anyone can, we can. It’s true, the odds are against them.
But the situation is not hopeless. And she is not helpless in this market. The economy may be in dumps, but the money has not dried up.
Money does not just disappear. It moves. It’s not where you’rer used to looking for it. In this case at the banks. But that’s not your fault. When that’s the only place it’s ever been, why would you look elsewhere?
But if you’re reading this, then you know you must look elsewhere. Right now there is an incredible opportunity. Do not let the past dictate your future! This is a new and changing market.
And in this new market, money is available at very low rates. And you’re at the best place to find it.
| END OF SIDE NOTE |
Okay, I’m glad I got that off my chest. Now back to some good news…
While there are some Lenders who are exiting the commercial space, new Lenders and HOT products continue to come into the market.
An example of this is a new Bridge Loan we’re rolling out. It just happens to be the HOTTEST BRIDGE LOAN ON THE PLANET for loans $3 Million and up!
Here’s some additional information on this Bridge Loan:
- Up to 85% LTV
- Rehab OK
- Non-Recourse (No, I’m not kidding!)
- Rates between 9 and 11% generally
- All property types considered – YES, even HOSPITALITY
- Available in all 50 States
If that sounds like it may fit, or for any commercial real estate and/or business financing, please be sure to complete the Form (Complete Form).
Completing that Form FIRST, will allow us to get back to you with some real information, and save us both a good deal of time. Our goal is to get you answers as quickly as we can.
