 Houston Business Journal
June 3, 2010
Commercial Mortgages101: Everything You Need to Know About
Winning a Load Request Package
By Michael Reinhard
New shops are popping back up, consumers are starting to again – albeit slowly - and business owners are looking to expand their operations. That can mean big business for the commercial real estate investor looking for a deal. But banks are still skittish about lending, so those looking for financing should appear like they know what they are doing.
"Owning a few foreclosed houses doesn't prepare a real estate investor for the complicated process of becoming the owner of an apartment complex, office building, or a shopping center – that is, confidently navigating, negotiating, and securing a real estate loan for millions of dollars," writes author Michael Reinhard.
Reinhard is a Houston-based commercial mortgage banker specializing in commercial real estate lending. Since 1995, he has underwritten more than $300 million in commercial loans.
Reinhard walks readers through the process of creating a quality loan request, step by step. He covers everything, starting with the most basic of topics - what is a commercial mortgage – to much more advanced subjects, such as types of ownerships and real estate owned schedules.
"Commercial Mortgages 101" is a useful tool for the business person looking to get into the commercial real estate market while prices are cheap. |
"WHAT A SURPRISE"
