My New Blog

A commercial bridge lender will have numerous questions about your  deal.Here are a few questions for which we should have answers before approaching a lender:

In what city and state is the property located?

Is the title held by an individual.LLC,corporation,a trust or another entity?

What is the property type?

How much income does the property produce?

What type of lease or leases does the borrower have?Full-service,modified or triple net?

What are the credit issues if any?

If the income on the rent roll is greater than reported on the IRS Schedule E,whats the reason?

Cash out? WHY

David Hitchcock,Business Loan Consultant/Owner

MortgageCerv Financial

Mobile:478-451-9977

david@mortgagecerv.com

www.mortgagecerv.com