31 03, 2017

Commercial vs. Residential Loans

By |2017-03-31T17:24:19-04:00March 31st, 2017|Categories: Business, Commercial, Hard Money Loans|Tags: , |0 Comments

  The differences between commercial hard money loans and residential hard money loans may seem cut-and-dry, but there are some big differences you need to understand because they'll impact which type of loan is right for you. Differences Between Residential and Commercial Hard Money Loans Residential mortgage loans are intended for properties that have one to four family units. Anything above that, or a property intended solely for business (not a dwelling), falls under a commercial loan. When you require a residential loan, your personal income, debt and ability to repay a loan are reviewed before you’re approved for a mortgage.

27 02, 2017

Commercial Loans vs. Residential Loans

By |2017-02-27T10:00:43-04:00February 27th, 2017|Categories: Business, Commercial|Tags: , , |0 Comments

The differences between commercial and residential loans may seem cut-and-dry, but they’re not always obvious. Determining which type of loan you require can be confusing at times, and being prepared before you speak with a lender may save you some time. Residential mortgage loans are intended for properties that have one to four family units. Anything above that, or a property intended solely for business (not a dwelling), falls under a commercial loan. When you require a residential loan, your personal income, debt and ability to repay a loan are reviewed before you’re approved for a mortgage. If you need

7 01, 2017

What is an Environmental Report in Commercial Real Estate (And Do You Need One)?

By |2017-01-07T10:00:47-04:00January 7th, 2017|Categories: Business, Commercial, Hard Money Loans, Investments|Tags: , , , , , , , , |0 Comments

Many traditional and hard money lenders in Atlanta require an environmental report before they’ll grant someone a commercial loan. The report should show that the property has been examined for environmental contamination. Even if there’s no lender requirement, though it may be a good idea to obtain one anyway, just for your own peace of mind — and for your future buyers’ peace of mind. What is an Environmental Report? An environmental report is an investigation on commercial property to discover if there are any dangerous contaminants. Potential buyers assume the cost of the investigation and it is completed in