Turned Down For A Hard Money Loan Winston Rowe and Associates Can Help

Hard Money Commercial Mortgage

Winston Rowe & Associates funding sources provide equity based private and hard money loans for commercial properties nationwide for sub-prime money borrowers who do not meet the stringent requirements of conventional bank underwriting guidelines.

Their excellent reputation as a private and hard money funding source has been built on its ability to provide fast financing solutions for borrowers who have come across challenging times and are in need of fast, creative financing solutions without regard to their FICO credit score.

Why Commercial Real Estate Investors Have Been Turning To Winston Rowe & Associates:

Hard Money Financing from $200,000 to $100,000,000

No Upfront or Advance Fees

Purchase, Refinance & Cash Out

No Recourse Available

Interest Only Option

Loan Amortizations Up to 30 Years

If you would like to learn more about hard money financing options for your business from Winston Rowe & Associates they can be reached at 248-246-2243 or you can check them out online at http://winstonrowe.com

Vacant Commercial Property Loans No Upfront Fees

WINSTON ROWE AND ASSOCIATES WEB SITE REVIEW US ON LINE

 

Winston Rowe and Associates is pleased to announce their new short term bridge financing. These commercial real estate financing solutions are some of the most competitive in the industry, without the usual upfront and advance fees.

These bridge loan solutions are available in major markets nationwide, from $1,000,000 to $10,000,000 for all commercial real estate types.

At Winston Rowe and Associates, they appreciate their borrowers and recognize their ability to capitalize on unstabilized commercial investments through the use of short-term financing.

Whether a property is empty, in need of rehab or simply under-performing, Winston Rowe and Associates delivers the bridge financing you need to get the job done and maximize your return-on-investment.

Prospective clients can contact Winston Rowe and Associates at 248 246 2243, a principal is always available to take your call.

You can also find them on line at http://winstonrowe.com

How Winston Rowe and Associates can exceed your expectations:

Lease-ups

Foreclosure purchases

Discounted payoffs

Refinancing maturing loans

Properties that do not cash flow

Tenant improvement

Foreign national borrower

Construction loan take-outs

Reposition of a property

Vacant buildings

Rehabilitation financing

Opportunistic purchases

Non-stabilized properties without historic financial

Leverage up to 75% of cost, 75% of value

Non-recourse available

Minimum stabilized DSCR of 1.20x for multifamily and 1.25x for commercial

2- and 3-year fixed terms; 12-month prepayment options

Winston Rowe & Associates has no upfront free commercial loan programs 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

Shopping Center Finance No Advance Fees Winston Rowe & Associates

SHOPPING CENTER FINANCING

 

Shopping center financing is a Winston Rowe & Associates specialty. They have national no upfront fee creative financing solutions for shopping centers. If you’re going to buy, refinance or rehabilitate a shopping center Winston Rowe & Associates is there to help with some of the best service in the finance business.

For more information about Winston Rowe & Associates shopping center finance programs, they can be contacted at 248-246-2243 or visit them online at

http://www.winstonrowe.com

The Winston Rowe & Associates Advantage:

Never an upfront or advance fee for due diligence
Available in all 50 states
Financing starting at $400,000 through $500,000,000
Purchase, refinance and rehabilitation

At Winston Rowe & Associates, their primary objective is to provide the most reliable and efficient means of sourcing both debt and equity for your commercial real estate loans.

Recognizing that people and relationships drive this business, they are staffed with some of the industry’s most committed professionals.

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

Hard Money Commercial Real Estate Loans

Hard Money Commercial Real Estate Loans

Winston Rowe & Associates, a national no upfront fee non investment advisory and due diligence firm specializes in assisting clients in the structuring of complex commercial real estate financing solutions.

They have direct relationships with a finite number of private capital, private equity, joint venture, hedge funds, agency investors and regional and national commercial banks, each with a highly targeted financing practice.

In many cases they can provide a solution in days, not weeks or months.

Asset-Based Lending & The Great Recession Winston Rowe & Associates

HARD MONEY LOANS

 

The last three years of financial crisis and recession have brought a host of new economic-business situations. Not since the Great Depression, many say, has the precipice of a global financial collapse seemed so near.

Asset Based Lenders:

Yet, even as the flow of capital from a broad spectrum of lenders slowed to a trickle during the financial crisis and subsequent global economic pain, asset-based lending (ABL) remained a viable form of corporate finance. While some large financial institutions virtually stopped lending in the face of uncertain earnings and many regional banks labored under the weight of defaulting real estate loans, struggling businesses turned to asset-based lenders to help restructure their costs and stabilize earnings. Other lending vehicles tend to ebb and flow, following economic peaks and valleys, but ABL can be adapted to changes in the marketplace, whether resulting from economic conditions, new legislation, or the emergence of new industries.

In the mid to late 1980s, investors recognized inefficiencies in the market, finding that many corporate balance sheets undervalued their assets and were greatly underleveraged for financing purposes. Such investors initiated a leveraged buyout tsunami by focusing on undervalued corporate balance sheet assets and creating huge investor demand for high-yield bonds to finance large corporate buyouts. Using the same techniques, middle market investors convinced asset-based lenders to provide senior and junior liens to facilitate such acquisitions.

Retail financing was the next new market growth area for asset-based lenders in the 1980s and 1990s. Retailers’ suppliers manufactured consumer goods with the financial support of factors, which typically required a retailer to have unsecured bank debt from a commercial bank. At that time, retailers were experiencing erratic sales and pressure on profits, and many also carried high debt from aggressive lenders supporting past mergers, acquisitions, and internal expansion. Many of these retailers became distressed and went into default with their unsecured lenders, requiring additional funds to survive.

In the 1990s, further expansion in ABL occurred in Canada, where “A banks” were dominant and there were no lenders of last resort, aside from the factoring of accounts receivable. Canadian banks could quickly call a loan and go into straight liquidation since these markets were found to be much more lender-friendly in the courts. Although the concept of ABL to distressed businesses was nonexistent at the time, a few U.S. lenders began to introduce ABL in Canada and made a strong commitment to that market. Later, other lenders followed.

The Great Recession:

ABL emerged as the dominant vehicle for lending during the most recent recession because of the disappearance of other lending vehicles. The cost of funds and credit problems hurt non-bank lenders, such as commercial finance companies, collateralized loan obligations, and hedge funds, and drove many well-known finance companies out of business. To offset the higher cost of funds, a few lenders focused on cash-flow lending to obtain the higher interest rates and fees associated with acquisition financing. Once the cash-flow window dried up, however, ABL became the only viable alternative.

Traditional commercial bank lenders, who thrive on profitable businesses with reasonable leverage, saw their borrowers incur losses that resulted in unacceptably high leverage. Many of these commercial banks also had real estate problems in their portfolios and were forced to curtail other lending activities. Asset-based lenders with strong balance sheets grew during the recession by refinancing these leveraged orphans of commercial banks.

The Recovery:

Many businesses lost a significant percentage of their sales in 2008 and 2009 yet were able to survive by reducing their operating costs, usually achieving their largest savings by reducing labor costs. They also shifted their focus on market replacement and drove down their production levels to more probable levels of demand and revenue.

When sales rebounded in 2010, these businesses immediately experienced increased profitability. Asset-based lenders helped many recovering, highly leveraged businesses to leave their existing disgruntled lenders and provided them with fresh starts. These businesses had good financial outlooks as a result of a few months of positive earnings, stronger sales backlogs, and quantifiable labor and other cost savings. Asset-based lenders booked many loans in 2010 to these recovering businesses.

At the end of 2010, many private-equity firms anticipated capital gains tax increases in 2011. Faced with fewer, if any, exit strategies, investors owning strong private companies with ample excess availability took large distributions financed by asset-based lenders. This benefited lenders by increasing loan utilization by good borrowers, after they had earlier experienced record low levels of utilization as a percentage of the total line of credit.

Many asset-based financings in 2011 involved businesses like capital goods manufactures that had lagged other companies that had benefited from the improved economy of 2010. During the recession, many businesses had delayed capital expenditures to conserve cash and because they had downsized to much lower capacity levels. But special tax breaks that permitted 100 percent depreciation of capital expenditures made in 2011 spurred demand among many businesses that had delayed such purchases earlier. ABL was used not only to finance purchases of many of those capital goods, but also to finance the companies that manufactured them.

Historically Adaptable:

As demonstrated by its track record during wildly diverse markets over the past 30 years, ABL historically has adapted to changing times and economic conditions. A borrower who is unhappy with its current lender may want to test the market in today’s environment. A business that has a quantifiable story, a strong management team, and improving cash-flow trends should find willing asset-based lenders whose criteria cover a wide spectrum of industry specialties, credit parameters, and levels of risk to provide financing, along with relationship managers/loan officers to offer business advice in good times and bad.

If you would like to learn more about lending options for your business from Winston Rowe & Associates you can check them out online at http://www.winstonrowe.com

They have some of the most aggressive rates and terms available, while managing every step of the financing through their advisory and due diligence processes from document collection to commitment negotiation and closing.

HARD MONEY CASH OUT COMMERCIAL LOAN REFIANCE

Winston Rowe & Associate’s

A national no advance fee commercial real estate advisory and financier  provides an attractive mix of commercial loan refinance programs for investors that need lighting fast loan solutions in days, not weeks or months.

• All Commercial Property Types Considered

• Upcoming Balloon Payments

• Discounted Payoff Note (DPO)

• Time Sensitive Situations

• Cash Out

They have national solutions for conforming and non-conforming commercial loan refinance programs, each designed to provide the most competitive financing terms based on a combination of property constraints, borrower investment and personal objectives.

When you call Winston Rowe & Associates, a principal is always available to speak with prospective clients. They can be contacted at 248-246-2243 or email them at processing@winstonrowe.com

They also have many other solutions that meet almost every need. Check them out online at http://www.winstonrowe.com

With their best business practices model 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.

Winston Rowe & Associates provides no upfront or advance fee due diligence and advisory services for commercial real estate 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

National Commercial Hard Money Loans No Upfront Fees

HARD MONEY BRIDGE LOANS

 

At Winston Rowe & Associates, they offer their clients access to the most aggressive commercial real estate bridge (hard money) loans in the industry.

Whether you are in need of short term financing, such as a bridge loan or hard money loan, or your needs are more long term such as construction or permanent financing, they will work with clients to structure a transaction that will meet or exceed your expectations.

Bridge Loan Transaction Overview:

Nationwide
Never an upfront or advance fee
Loan amounts from $500,000 to $25,000,000
Loan to value range is 50% to 60%
Fast closings in two weeks with a complete loan file
All commercial property types considered

At Winston Rowe & Associates, their primary objective is to provide the most reliable and efficient means of sourcing both debt and equity for your commercial real estate loans. Recognizing that people and relationships drive this business, they are staffed with some of the industry’s most committed professionals.

Winston Rowe & Associates provides no upfront fee commercial bridge financing in the ensuing states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, MaineMaryland, 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

Private Money Commercial Loans Explained Winston Rowe & Associates

Private Money Commercial Loans Explained Winston Rowe & Associates

Winston Rowe & Associates has prepared this article about private money commercial loans to provide prospective clients with a better understanding of private money commercial loans as a financing tool that many businesses overlook when they need financing.

For more information about private money commercial real estate loans, you can contact Winston Rowe & Associates at 248-246-2243

How Private Money Loans Work:

Private money loans are provided by private investors, hence the term. These private money lenders wish to loan out their money at a higher interest rate than they could get from another type of investment. Private money lenders are not licensed to loan.

Applying For A Private Money Loan:

When you apply for a private money loan, the application process is going to be quite a bit different than what you are used to with a bank. You will have to fill out an intake form with basic information about you and your business. However, they use their own criteria when deciding whether or not to invest in your project. They may or may not use all of the financial ratios that typical lenders use. The approval process is usually very quick. You often do not have to go through multiple layers of the business to get approval. The lender decides individually if they want to give you the loan.

Understanding Private Money Criteria:

Often the most important criteria for the loan, is the condition of the property that you are buying. If you are buying a piece of commercial property, the private money lender will want to know everything about it. They will want to look at the property and make sure that they could resell it if they needed to. Because of this fact, they will often offer you a low loan-to-value LTV ratio of between 45% to 60% as compared to other types of traditional lenders, which offer LTV’s of up to 90%. This ensures that they can get their money back out of the loan if you were to default.

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client’s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates has no upfront free private 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

Office Building Refinancing Guidelines No Upfront Fee Loans

Office Building Refinancing Guidelines No Upfront Fee Loans

Office building investors considering refinancing should look at Winston Rowe & Associates. They are a national office building finance consulting firm specializing in no upfront fee commercial real estate loans.

Winston Rowe & Associates has prepared this article to detail the major points of underwriting office building refinance transactions.

Owners conducting an office mortgage refinance have a broad range of finance options. This is due to several factors, such as loan amount, whether the property is owner occupied or an investment, single unit or multi tenant, strength of owner, etc. In addition there are several different types of office buildings (For example, office condo’s, Class a- c,) which further dictate loan options.

As far as underwriting is concerned, fundamentals are still critical; loan to value, debt coverage ratio, strength of tenant, credit worthiness of borrower, and property analysis come into play. Below is a brief discussion of each underwriting component and how it relates to office building loans.

Debt Service Coverage Ratio restrictions are typically set at 1.2 for both investors and owner occupants of office properties. Meaning that for every $1.20 of net income (income after taxes, insurance etc have been paid) the property/business produces, the mortgage payment will not exceed $1.00. Said in another way, after all expenses and the mortgage has been paid, the owner will need to net $.20 to qualify.

Exceptions can be made with this rule on office refinances. For example, on owner occupied transactions it is not uncommon for the lender to consider other source of income that the borrower has to replace low income that the business lacks. In addition, stated income loans (commercial loans that do not require business or personal tax returns) can be an outstanding option for owners that have low debt coverage ratios due to either overstated expenses, current high levels of vacancy, or understated (or lack of) income.

Loan to value restrictions on office building refinances are normally capped at 80% on a rate and term refinance and 75% loan to value on cash out refinances. Higher LTV’s are available, for example there are a few lenders that will go as high as 90% but this comes at a steep price for the borrower – raising rates by as much as 2-3%. On the flip side, lower loan to values will normally reduce interest rates for the borrower.

Tenant evaluation is not as important within the office property category as others (like single tenant NNN properties) but still important. Relevant information includes time left on leases and renewal options. Further on multiple unit properties lenders prefer the lease expirations to be staggered and most banks/ lenders want to see at least 3 years left on the current leases. Some traditional banks will not allow the fixed period of the loan to exceed the time left on leases.

The personal credit worthiness of the borrower will be scrutinized. 680 credit score is normally the minimum for the best finance options. Exceptions can be made on this as well with some conventional lenders considering scores as low as 600. The overall strength of the property, tenants, DSCR, and LTV can offset concerns on low credit scores. For corporations, business performance and credit rating will be evaluated.

Fundamentals of the building are critical. Market value and market rent is paramount and will be evaluated and compared to the subject property. Any negatives with the condition, appearance, location, accessibility, and local market conditions, as well as other factors will reduce options for the borrower.

Investors seeking office building financing should turn to Winston Rowe & Associates efficient, end-to-end commercial real estate financing solutions provides commercial mortgage capital to owners of all commercial property types. With flexibility and speed of execution, they are able to offer a broad range of financing capabilities. In most cases they can close your loan within 30 days.