Tag Archives: 23 Ventures

Commercial Loan Updates for August 8th

Posted on August 8, 2011 by chris

Rates are down again!!! 5 YEAR fixed money at 5.25%, 10 year fixed money at 6.47%. Please note, all owner-user conventional loans are now eligible for SBA 504 refinancing. Here are a few program highlights: Owner-user and Investor CRE programs … Continue reading →

Posted in Bridge Loans, Commercial Real Estate, Multi Family, SBA 504 | Tagged , , , , , , , , , , , , , , | Leave a comment

Small Apartment Refinance Commercial Loan

Posted on June 18, 2011 by chris

Multi Family Commercial Loans Very few lenders will even lend on apartments below $1 million in loan size but we can do them all the way down to $250K! And our rates are smoking-still under 6% for most apartment deals … Continue reading →

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Medical Financing

Posted on June 8, 2011 by chris

Medical financing continues to enjoy the best loan options in the business. Lenders continue to get excited over doctors, dentist, and veterinarians. Then get up too 130% on there purchase, and 90% on ground up construction. Many doctors are surprised … Continue reading →

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Updated Commercial Loan Programs for June 2011

Posted on June 6, 2011 by chris

Here is some update info on our commercial loan offerings NEW * Commercial Construction up to 75% LTC- Extremely Competitive Rates * Commercial Conventional Loans 75% LTV * Private Money Rehab/Developer Loans-Call for Details Here are a few of other … Continue reading →

Posted in Bridge Loans, Commercial Real Estate, hard Money | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

The 4 Most Common Commercial Mortgage Mistakes-Mistake 4

Posted on June 4, 2011 by chris

Mistake #4: Loving the deal and ignoring common sense. The Bible says, “Pride goes   before the fall”. I have seen people try to buy a piece of property and lender after lender turns it down because the value is not … Continue reading →

Posted in Commercial Real Estate, Hotel Financing, Interest Rates, investor financing, Real Estate News, SBA 504, SBA 7A | Tagged , , , , , , , , , , , , , | Leave a comment

UNDERSTANDING COMMERCIAL MORTGAGES-THE WHY

Posted on May 30, 2011 by chris

WHY? WHY invest in commercial real estate then? If the loan criteria are tougher, and the deals take longer to close-why not just stick with residential investing? Because, commercial properties are much lower maintenance properly managed. You can rent them … Continue reading →

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The 4 Most Common Commercial Mortgage Mistakes-Mistake 3

Posted on May 28, 2011 by chris

Mistake #3: Too little shopping early on, too much shopping later on. Customers decide to refinance or purchase a property and go down to their local bank where their savings accounts are and apply. They don’t shop around and compare. … Continue reading →

Posted in Commercial Real Estate, Interest Rates, investor financing, Multi Family, Real Estate News, SBA 504, SBA 7A | Tagged , , , , , , , , , , , , | Leave a comment

UNDERSTANDING COMMERCIAL MORTGAGES-THE WHAT

Posted on May 23, 2011 by chris

WHAT? What takes commercial deals so much longer than residential loans to close? Rare is the commercial loan that closes in less than 1 month and the rate for those quick-close deals is much higher. Small commercial loans will usually … Continue reading →

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The 4 Most Common Commercial Mortgage Mistakes-Mistake 2

Posted on May 21, 2011 by chris

Mistake #2: Thinking only rate, rate, rate! The lowest interest rate is NOT necessarily the best deal for commercial property. Amortization is just as important. Amortization is the length of time the payment will be factored over, the longer the … Continue reading →

Posted in Commercial Real Estate, Interest Rates, investor financing, Multi Family, Real Estate News, SBA 504, SBA 7A | Tagged , , , , , , , , , , , , | Leave a comment

Multi Family Bridge Loan-Updated 5/17/11

Posted on April 26, 2011 by chris

23 Ventures is pleased to announce a new bridge finance product for multifamily properties. The program will provide first mortgage financing for properties located in strong markets with excellent sponsorship, significant experience and verifiable liquidity and will be underwritten to … Continue reading →

Posted in Bridge Loans, Commercial Real Estate, Multi Family | Tagged , , , , , | Leave a comment