Tips For Getting A Commercial Bridge Loan – With No Advance Fees

Tips For Getting A Commercial Bridge Loan

Winston Rowe & Associates, a no upfront fee finance and advisory firm receives many inquiries from real estate investors every day concerning hard money bridge loans for their commercial properties from around the country.

Most are surprised by the more extensive supporting documentation for the initial due diligence and subsequent underwriting process.

This news article addresses the best uses for commercial real estate bridge loans and what real estate investors should expect when applying.

Commercial real estate investors who would like more information about Winston Rowe & Associates commercial bridge loan financing can contact them at 248-246-2243 or email to; processing@winstonrowe.com

Also investors can check them out online at http://www.winstonrowe.com

What is a commercial bridge loan?

Fist thing to understand about bridge loans is that they are short term loans. Generally between 12 to 36 months with interest rates at double digits.

The advantage of commercial bridge financing is that they fund very quickly, weeks not months and in some cases a bridge loan can be funded in just a few days.

Winston Rowe & Associates uses a best business practices streamlined business model that enables clients to quickly submit a bridge loan request for consideration, before they need to provide the bulk of the supporting documentation.

The most common reasons for bridge financing are the ensuing:

• Distressed real estate acquisitions

• Opportunistic purchases

• Chapter 11 Debtor in Possession (DIP) exit financing

• Bank Payoff Discounted note (DPO) financing

• Upcoming balloon payment

• Cash out refinance

• Repositioning a commercial portfolio

Winston Rowe & Associates provides no upfront or advance fee commercial real estate asset back bridge loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Commercial Bridge Loan Financing In 2 Weeks Winston Rowe & Associates

Winston Rowe & Associates is pleased to announce their lighting fast nationwide commercial real estate bridge loan financing.

They are a recognized as a national leader in creative short-term financing solutions throughout the commercial real estate industry.

Prospective clients can speak directly to a principle at Winston Rowe & Associates at 248-246-2243 or email them at processing@winstonrowe.com or check them out online at http://www.winstonrowe.com

Winston Rowe & Associates utilizes a private banking best business practices business model which streamlines the due diligence and underwriting process for clients. At Winston Rowe & Associates their primary focus is on loans that need immediate financing, with no upfront or advance fees.

Winston Rowe & Associates Bridge Loan Financing Solutions:

• Never an upfront or advance fee

• All commercial property types considered

• Funding in two weeks (with complete submission)

• All 50 states

• Loan amounts start at $500,000 with no upper limit

• Financing available for purchase, refinance and cash out

• The maximum loan to value is 65%

• The most competitive interest rates in the industry

Winston Rowe & Associates provides no upfront or advance fee commercial bridge loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Fast Commercial Bridge Loans No Upfront Fees – Winston Rowe & Associates

Commercial real estate investors looking for fast commercial bridge loan financing have been turning to Winston Rowe & Associates.

They are a national no advance fee commercial real estate finance and advisory firm. If you would like more information about Winston Rowe & Associates commercial bridge loan financing can contact them at 248-246-2243 or email to; processing@winstonrowe.com

Also investors can check them out online at http://www.winstonrowe.com

Winston Rowe & Associates best business practices process ensures that their clients receive lighting fast funding with the most aggressive rates and terms available, while managing every step of the financing process from document collection to commitment negotiation and closing.

Who needs a commercial bridge loan?

Commercial bridge loans are short-term commercial loans collateralized by real commercial property that bridge gaps for you as the owner that arise between you and your next commercial real estate transaction.

Commercial bridge loan financing empowers you to alleviate liquidity constraints and immediately capitalize upon time-sensitive opportunities while they exist with the utmost speed & efficiency.

This type of commercial real estate financing can be of use to you or your Company when you are experiencing certain events that call for short-term cash infusions such as when you have a balloon payment due on an existing loan or when you need to take down a piece of commercial property quickly.  

Bridge loans are one of Winston Rowe & Associates niches, and we can generally offer commercial bridge loan funding within 3-7 days on a case-by-case basis, depending upon your requirements.

Winston Rowe & Associates provides no upfront or advance fee commercial real estate asset back bridge loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

How To Buy & Finance An Apartment Building

Many apartment building investors contact Winston Rowe & Associates about their apartment building financing solutions.

They have prepared this article to provide an understanding of the approach and methodologies utilized by commercial real estate lenders and due diligence advisor firms when reviewing your financing request as well as the supporting documents required, to obtain apartment building financing.

Commercial real estate investors who would like more information about Winston Rowe & Associates can contact them at 248-246-2243 or email to; processing@winstonrowe.com

Also investors can check them out online at http://www.winstonrowe.com

Building Location & Type:

First, apartment buildings are great investments. However, as with all real estate a good location is key.

The best buildings are located within major metropolitan areas with low crime, good employment opportunities and easy freeway access.

Do Your Due Diligence:

You found an apartment building you are interested in. The first question you want to ask the seller is; why is it for sale? Keep in mind, business people almost never get tired of making money.

Before you prepare an offer for the apartment building, you need to conduct a due diligence investigation.

The Investigation:

This is the phase where you look for the hair on the deal. The ensuing is a general overview check list that Winston Rowe & Associates advises prospective clients to utilize.

Property Location Check List:

Check other apartments in the area to make sure the current rents are in line with the market?

Is there going to be any major road construction schedule in the next 60 months?

Is the apartment building located within 10 miles of major employers?

How far is the retail shopping? Most people don’t like to road trip to the grocery store.

If you’re looking buildings that cater to students, seniors or corporate renters for example, make sure the apartment building will meet those renters’ specific needs.

Look at what your future competitors offer.

Property Financials:

The property checks out and you want to make an offer to the seller.

Most sellers will only provide a Profit and Loss statement with no supporting Tax Returns or business financials.

Beware of this. Without the complete business financials, rent rolls and schedules of past improvements you have no way of verifying that the apartment building is making money.

Paying Too Much:

Distressed apartment buildings are excellent opportunities for commercial real estate investors. However don’t over pay because the future value will make the property double in price.

No one knows what the future economic conditions of the current rental market will be.

The future value based on improvements, this will be based on your hard work, not the sellers.

Don’t accept a seller’s appraisal as the value of the property. In many cases the seller ordered the appraisal from a friend or the appraisal is not at arm’s length.

The best way to determine value is to look at what similar apartment buildings have sold for in the area in the last 12 months.

Check out our website, we have great third party real estate evaluation and listing links.

Getting An Apartment Building Loan:

It’s always best to contact a commercial lender before you start your search for an apartment building.

For example Winston Rowe & Associate will provide prospective clients with a check list of the supporting documentation that will be needed as well as the rate range.

Winston Rowe & Associates has a streamlined best business practices model they utilize and are able to complete most commercial loan transactions in a few weeks, not months.

They provide no upfront or advance fee commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Strategies For Getting A Hard Money Loan With No Upfront Fees

There are many hard money commercial bridge lenders out there that provide financing only after the client pays an advance or upfront fee for due diligence.

Winston Rowe & Associates, does things differently. They do not charge upfront or advance fees while providing honest, straight forward answers concerning your loan request.

When you call Winston Rowe & Associate – you will talk with directly to a principle at 248-246-2243.

You can also email them at processing@winstonrowe.com or check them out online at http://www.winstonrowe.com

When do you need a hard money loan?

Commercial real estate (CRE) investors apply for hard money for various reasons; a great deal on a distressed property, cash out for improvements, a balloon payment is coming due, exit financing for Chapter 11 or the bank offered you a big discount on your commercial mortgage.

What to expect from a hard money lender.

Many CRE investors are surprised by the more stringent underwriting requirements by hard money lenders in today’s capital markets.

In the old days (just a few years ago), investors could count on money based on the future value of a commercial property, with little or no money down. Those days are over.

Supporting documentation requirements to expect from a hard money lender.

Hard money lenders are just like every other lender, bank or financial institution. They like to make loans to people that will pay them back with interest, so they can make a profit for their investors.

The first thing a hard money lender is going to look at is the exit strategy, which is how are you going to make your monthly mortgage payments.

The second area they will analyze is your overall financial health, business experience and things like prior litigation, bankruptcies and business partnerships.

Expect to provide personal and business tax returns; credit reports and a personal financial statement just to name a few.

There are also Home Land Security requirements when applying for all loans now.

You will be asked to provide photo copies of your driver’s license or passport and sign an IRS 4506 form so a lender can reconcile your tax returns. If needed.

General terms and conditions to expect.

Hard money lenders are in the secondary loan market, there is little to no regulation of this industry. They are lenders for higher risk transactions, hence deals the retail banks don’t want.

The money is expensive; expect to pay double digit interest rates, higher than normal down payments and a very short loan term somewhere between 12 to 36 months.

With Winston Rowe & Associates ™ streamlined best business practices model they are able to complete most bridge loan transactions in two weeks.

They provide no upfront or advance fee commercial bridge loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming