Comments on: Underwriting a Commercial Loan http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/ Inside commercial hard money lending. Fri, 08 Jan 2010 23:29:45 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: drgurney http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-2028 drgurney Sun, 26 Apr 2009 20:04:22 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-2028 Mr. Maclennan appears to be very knowledgeable and articulates his comments in a precise and understandable manner. It would behoove us to read his blog as much as we can. I am in training to become a commercial loan officer and can assure you that I will refer to his blog frequently. Don approveproperty@aol.com Mr. Maclennan appears to be very knowledgeable and articulates his comments in a precise and understandable manner. It would behoove us to read his blog as much as we can. I am in training to become a commercial loan officer and can assure you that I will refer to his blog frequently.

Don
approveproperty@aol.com

]]> By: John http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-586 John Thu, 20 Nov 2008 04:04:17 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-586 Hi, this is a great article…not many people realize or understand commercial real-estate/loan stuffs. Thanks for sharing. Hi, this is a great article…not many people realize or understand commercial real-estate/loan stuffs. Thanks for sharing.

]]> By: vmo http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-220 vmo Fri, 12 Sep 2008 23:27:52 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-220 In Cleveland Ohio the lenders threw lending standards out the window. If a person could breathe, they were approved. Now many of the homes are boarded up having long since been foreclosed on. In Cleveland Ohio the lenders threw lending standards out the window. If a person could breathe, they were approved. Now many of the homes are boarded up having long since been foreclosed on.

]]> By: Jill http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-205 Jill Mon, 25 Aug 2008 18:53:28 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-205 Interesting process and to ensure you get the best rate you have to have good credit. You should get 3-4 offers from lenders (www.smart-lending.com) so you can choose the best rate with the lowest possible fees. Interesting process and to ensure you get the best rate you have to have good credit. You should get 3-4 offers from lenders (www.smart-lending.com) so you can choose the best rate with the lowest possible fees.

]]> By: Donna - Mortgage loans http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-163 Donna - Mortgage loans Mon, 21 Jul 2008 08:51:26 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-163 A very nicely explained article. Most of the people would like to get their applications processed through brokers and brokers should know the nature of the loan and the terms well in advance. This way both the lender and borrower will save time, efforts and money. More so if dealing with commercial loans. Donna A very nicely explained article. Most of the people would like to get their applications processed through brokers and brokers should know the nature of the loan and the terms well in advance. This way both the lender and borrower will save time, efforts and money. More so if dealing with commercial loans.

Donna

]]> By: Navarr Montgomery http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-124 Navarr Montgomery Wed, 09 Apr 2008 03:23:04 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-124 Due diligence fees should always be atleast 50% refundable under any circumstances, and all other fees such as upfront commitment fees etc. should be tagged onto the loan. If the numbers dont lie, why not get the deal done and get paid at the closing. Due diligence fees should always be atleast 50% refundable under any circumstances, and all other fees such as upfront commitment fees etc. should be tagged onto the loan. If the numbers dont lie, why not get the deal done and get paid at the closing.

]]> By: Navarr Montgomery http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-123 Navarr Montgomery Sun, 06 Apr 2008 07:09:19 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-123 Yes it's a pretty good article, but what about due diligence fees? Do these fees always have to be upfront. I understand that people have to be paid but those fees are never 100% refundable. If a guy has all permits by the state and town, blueprints, appraisal, use of proceeds etc. and you have no money to put up for commitment or due diligence fee, does that mean no deal. What about the "numbers dont lie" phrase. If the equity is there and the completed project has a outstanding profit,y not cut the crap and fund the money. Why would someone put up 30k+ without gauranteed approval. Yes people do it but it keeps clients skeptical of the bank. My client is in the midst of chap 11. He doesnt have the money for these upfront fees but his numbers dont lie. Whats the problem. Yes it’s a pretty good article, but what about due diligence fees? Do these fees always have to be upfront. I understand that people have to be paid but those fees are never 100% refundable. If a guy has all permits by the state and town, blueprints, appraisal, use of proceeds etc. and you have no money to put up for commitment or due diligence fee, does that mean no deal. What about the “numbers dont lie” phrase. If the equity is there and the completed project has a outstanding profit,y not cut the crap and fund the money. Why would someone put up 30k+ without gauranteed approval. Yes people do it but it keeps clients skeptical of the bank. My client is in the midst of chap 11. He doesnt have the money for these upfront fees but his numbers dont lie. Whats the problem.

]]> By: nuShack http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/comment-page-1/#comment-72 nuShack Wed, 24 Oct 2007 01:44:07 +0000 http://blog.pmaclennan.com/2007/10/23/underwriting-a-commercial-loan/#comment-72 That's a pretty interesting article. I know very little about commercial real estate, so it's good to see some more information on the subject. That’s a pretty interesting article. I know very little about commercial real estate, so it’s good to see some more information on the subject.

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