I financed 100% with my partner through a commercial loan because it was unsecured and simple. It’s a house near an industrial area that we were going to rezone and sell commercial. However, the costs associated with rezoning were excessive and now I would like to just sit on it for a while but we [...]
Monthly Archives: April 2010
Is a rental house bought with a commercial loan taxed differently than one purchased with a normal home loan?
is it best to do a deed in leiu of foreclosure with the lenders on a preforeclosure mortgage ?
I have a commercial property that is now in default and faceing foreclosure. I made a payment arrangement with the lenders, made the initial downpayment of $9,000, but can’t seem to come up with the monthly prepayment arrangement of $4,000 for six months. is it a good Idea to offer the property to the lender [...]
Mortgage: Residence and have 14acres with 5 rentals. How can I separate my residence from commercial mortgage?
I am on a variable rate due to commercial rentals, which are on the property where my residence is. The 14 acres is divided into 4 tracts. And my residence is on one tract with 1 rental cottage. How can I separate them so that I do not go under trying to pay an increasing [...]
can anyone tell me where to apply for a small business even with fair credit using my equity in my home?
I would like to purchase a mix-use commercial space from the owner. I own all of my inventory. I need help locating a bank or mortgage company willing to work with a self employed entrepreneur. I have a equity line of credit already with a small credit union, however, they do not offer mix-use commercial [...]
COMMERCIAL LOAN
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Commercial Mortgage Loans in GREENBAY, MICHIGAN
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Malmgren Sees More Probes Into Banks After Goldman Case
April 28 (Bloomberg) — Pippa Malmgren, George W. Bushs former chief financial-markets adviser, talks with Bloomberg’s Andrea Catherwood about Goldman Sachs Group Inc.s Senate grilling yesterday. Duration : 0:3:49 addthis_url = ‘http%3A%2F%2Fwww.commercialsecondmortgages.org%2Fblog%2Fcommercial-mortgage%2Fmalmgren-sees-more-probes-into-banks-after-goldman-case’; addthis_title = ‘Malmgren+Sees+More+Probes+Into+Banks+After+Goldman+Case’; addthis_pub = ”; Technorati Tags: After, All, Audio, Backed, Banking, banks, Bloomberg, Case, CDOs-Collateralized, Collateralized, commercial, company, Congress, Corporate, credit, [...]
Countrywide Commercial 3
Countrywide Commercial 3 Duration : 0:0:31 addthis_url = ‘http%3A%2F%2Fwww.commercialsecondmortgages.org%2Fblog%2Fcommercial-second-mortgage%2Fcountrywide-commercial-3′; addthis_title = ‘Countrywide+Commercial+3′; addthis_pub = ”; Technorati Tags: Competitive, Sample
Does buying a house/building with a store front require a commercial loan?
I’m considering buying a 2 apartment building with a store front. Does this require that I get a commercial loan or can I still use the lower rate Residential loan if I plan to use it as my primary residence? I believe FHA would lend on this and they have some of the best programs [...]
Mortgage/commercial loan question?
A local rental company is liquidating, and I was curious what the best way to purchase multiple properties at the same time would be. In the past I have always purchased properties on individual mortgages, or multiple on land-contract. Is it possible to get one loan to cover multiple properties for purchase? For refinance? Would [...]