Cap Rates by California Metro and What Lenders Will Accept
How cap rates are derived, extracted from comparable sales and stressed by lenders in the exit test, plus how to…
Ground Lease vs Fee Simple: The Financing Consequences
On a ground lease your collateral is a lease that can end. Remaining term, subordination and leasehold mortgagee protections decide…
Retail Strip Center Financing: How Tenant Mix Drives Your Terms
Tenant mix, not the rent roll total, sets your loan amount. How lenders score credit versus local tenancy, treat rollover…
Industrial and Warehouse Property Loans in the Inland Empire
Clear height, dock configuration, truck court depth and electrical service decide who can lease an Inland Empire warehouse, and the…
Hotel Financing SBA 7(a) vs Conventional: How Lenders Decide
RevPAR, the franchise agreement and the PIP decide a hotel loan before leverage does. Here is how SBA 7(a) and…
Self Storage Financing in California: What Lenders Underwrite
Lenders size storage debt off economic occupancy, not the occupancy on your tour. Here is what a California self-storage underwriting…
Buying a Medical or Dental Practice Building in California
Practice goodwill and real property are financed differently. How lenders stack a 7(a) and a 504, apply the 51 percent…
Financing a Gas Station or Car Wash with an SBA Loan
Fuel-site and car wash financing turns on environmental sequencing as much as cash flow. How lenders scope Phase I and…
SBA 504 Refinance: Pulling Equity Out of Property You Already Own
The 504 program lets you refinance owner-occupied property and take proceeds out, but it defines both narrowly. Here are the…
Commercial Loan Document Checklist: The 28 Documents Your Lender Will Ask For
A commercial loan document checklist of 28 items grouped the way a lender's closing checklist is organized, with a due-date…
1031 Exchange Financing: Lining Up Debt Before the 45-Day Deadline
The 45-day and 180-day clocks run concurrently from the relinquished closing. How to size replacement debt so it does not…
Recourse vs Non Recourse Commercial Loan: What a Personal Guarantee Really Commits
Non-recourse does not mean nobody signed anything. A precise look at loss carve-outs versus springing full recourse, and the short…
Commercial Loan Prepayment Penalty: Step-Down, Yield Maintenance and Defeasance Explained
Step-down, yield maintenance and defeasance are three different mechanisms, not three names for one fee. What each does, why defeasance…
Commercial Property LTV, LTC and Combined Leverage: Which Constraint Binds
LTV, LTC and combined leverage are three different tests with three different denominators. Lenders run all of them and size…
Phase 1 Environmental Commercial Loan Requirements: When Lenders Order a Report and What Delays Closing
What a Phase I environmental site assessment covers under ASTM E1527, which lenders and programs require one, exactly what pushes…
The Commercial Appraisal Process: Timeline, Cost Drivers, and How to Challenge a Low Value
A stage-by-stage walk through the commercial appraisal process: who orders the report, how the three approaches to value are reconciled,…
The DSCR Calculation Commercial Lenders Run on Your Property
The formula is NOI divided by annual debt service. The work is in how a credit officer builds each half,…
How to Read a Commercial Loan Term Sheet, Line by Line
The loan amount and the rate are the two lines borrowers read. Prepayment, recourse carve-outs, reserves and conditions precedent are…
Cash Out Refinance Investment Property
Real estate investors spend years building equity through appreciation, mortgage paydown, and property improvements. Yet many investors make the same…
Interest Rates And Commercial Financing: Why Borrowers Pay More Than They Expect
Securing commercial financing is about much more than simply getting approved. While many borrowers focus on loan amounts, down payments,…
