Tag: <span>#Financing</span>

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WHY WOULD ANYONE WANT ONE?

Hard Money loans are usually obtained by borrowers who cannot qualify or the property does not qualify for conventional financing; many people doing fix and flips obtain these loans. The interest rate and costs for these loans is higher than what you can get conventionally. The reason is that there is more risk to the...

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COMMERCIAL REAL ESTATE (CRE) FINANCING & FED POLICY

Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. The Federal Reserve’s recent interest rate cuts have sent a surge of excitement through the commercial real estate (CRE) market. Fed influenced rates have returned to 2018 lows, however, the Fed’s interest rate reductions have little to do with conventional...

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ARM: ADJUSTABLE RATE MORTGAGES

An Adjustable Rate Mortgage (ARM) is typically a mortgage that is fixed for a period of time, and then becomes adjustable. The typical ARMs are 3/1, 5/1, 7/1, and 10/1. The first number represents the time period the rate is fixed. The second number represents how often the rate changes. Example: A 3/1 ARM means...

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FINANCING THE RETAIL ASSET

From a financing perspective, the retail sector continues to be challenged, but there are good gems to be acquired too. From a lender’s perspective, there are particular challenges to retail deals getting done: • lease roll overs, • expiring leases with no backfill identified, • downward pressure on retailer credit, • lack of transparency on retail...

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HELPING THE HOMELESS

HELPING THE HOMELESS Counsel Mortgage is a proud supporter of reKindle, a not for profit that helps the homeless. We participate in Second Chance Saturday where reKindle teams up with another charity, GIVE (Girls who Inspire, Volunteer and Empower) to provide backpacks, clothes, toiletries, food, water, and even massages to the homeless. We recognize how...