I’m looking at a multi family off market. 1st floor is commercial (restaurant/bar) second and third floor are 3 bed 1 bath units with avg rent $1500 ea. attic is framed for a 3 bd 1 ba since zoning laws are changing soon so can add a 3rd rental unit. What type of loan would I be looking to get?
Thanks for watching! For personalized mortgage advice, I recommend scheduling a consultation with Co/LAB Lending experts. Click here to set it up: colablending.com/mortgage-consultation/. Let me know if you have any questions!
2:54 Does one’s personal income gets factored in when assessing commercial loans (eg., purchasing multi-family) or not? Is the loan servicing solely based on the deal itself like purchasing a business? Thanks
At local banks they factor it in, they call it universal something. When going through commercial brokers who deal with hundreds of specialized lenders, those lenders care more about the deal making sense. They will want to know your experience level, but there are plenty of investors with no J O B or W2 income who borrow for commercial deals where the numbers and deal makes sense.
I'm looking to purchase a building to start a beauty supply store owner occupied. Are there any lending companies that you could recommend in Northern California?
We have a couple of partners that are licensed in California, please feel free to schedule an appointment with us via colablending.com/mortgage-consultation/
Do you have a chance of getting a loan for a rental income property (mixed use storefront and residential) if you have no experience as its your first foray i to any business and little to put down?
@darrinSK Hello! FHA loans can be a good option for financing mixed-use properties, even if the commercial space won't be your primary business. However, with conventional loans, the mixed-use property typically needs to be owner-occupied for the commercial portion.
Hello Luis! We have offices in Pennsylvaina & Puerto Rico but we are licensed in Ohio, Virginia, Maryland, Puerto Rico, Pennsylvania, North Carolina, Texas, and Florida.
i have a 4million dollar dealership project city approved have 200k in hard cost and 400k soft cost construction budget and land is 4 mill how can you help
Ryan, if you are still in need complete this quick prequalification form and we can started looking into your options. commercial-loans-megan-marsh-app.secure-clix.com/
@@CharlotteGigiDumas - most states do not require a license. Only a handful do. Meaning a LO licensed in only PA can originate commercial loans all over the country
I'm a real estate broker in MA. and I do business brokerage as well. I would like to do commercial lending brokerage in my business. Is it possible to get the names of lenders that would work with brokers? Or even if your company works with brokers can you send me an email so we can discuss this? Please let me know.
One of the most difficult things to do is find lenders to work with. Many of them are very niche or specialized with the type of commercial lending they offer. We've met with and worked with many. We offer a subscription to a community with this information and a course on how to do commercial deals and provide a list to some of these commercial lenders. If you would like to learn more you can email us at sales@colabservice.com with your information or schedule a discovery call using the link in the description and leave a note in additional information that you are interested in learning more about our commercial loan brokering course.
Thanks for reaching out. We would be happy to assist you with your commercial loan needs. You can email us at info@colabcapitalfunding.com, or you can complete this short preapproval application: 👉 bit.ly/3MRcTuX
Thank you for watching our video. If you have any questions please let us know in the comments below!!
Be good if there were lessons like this in school. Great information thanks
You are most welcome. Glad you found our video informative.
I’m looking to purchase a laundromat is 25% down needed or is the loan based off my income or the business cash flow im in California
We can finance up to 60% LTV on the property. We would base the cash flow on the p and l for the laundromat income.
Very informative and helpful. Thanks for making this video.
You're most welcome!
Excellent information as I’m just getting started in the commercial brokerage side. Thank you !
Good luck! It’s my favorite side of lending.
Hello, are you license in Georgia ? Thank you
With commercial and business funding, we can help in any state!
I’m looking at a multi family off market. 1st floor is commercial (restaurant/bar) second and third floor are 3 bed 1 bath units with avg rent $1500 ea. attic is framed for a 3 bd 1 ba since zoning laws are changing soon so can add a 3rd rental unit. What type of loan would I be looking to get?
Thanks for watching! For personalized mortgage advice, I recommend scheduling a consultation with Co/LAB Lending experts. Click here to set it up: colablending.com/mortgage-consultation/. Let me know if you have any questions!
2:54 Does one’s personal income gets factored in when assessing commercial loans (eg., purchasing multi-family) or not? Is the loan servicing solely based on the deal itself like purchasing a business? Thanks
At local banks they factor it in, they call it universal something. When going through commercial brokers who deal with hundreds of specialized lenders, those lenders care more about the deal making sense. They will want to know your experience level, but there are plenty of investors with no J O B or W2 income who borrow for commercial deals where the numbers and deal makes sense.
I'm looking to purchase a building to start a beauty supply store owner occupied. Are there any lending companies that you could recommend in Northern California?
We have a couple of partners that are licensed in California, please feel free to schedule an appointment with us via colablending.com/mortgage-consultation/
I wish I had seen this video before.
I need more information!
Hello, please feel free to reach out to use via our contact information or visit our website for a scheduled call. Thank you!
Do you have a chance of getting a loan for a rental income property (mixed use storefront and residential) if you have no experience as its your first foray i to any business and little to put down?
@darrinSK Hello! FHA loans can be a good option for financing mixed-use properties, even if the commercial space won't be your primary business. However, with conventional loans, the mixed-use property typically needs to be owner-occupied for the commercial portion.
Your best bet with little down is to buy a 2-4 unit property without a storefront. You can do that with only 3.5% down
Thank you for sharing
Needing warehouse financing… any sources?
We have lenders that finance warehouses. Is it for an investor or a owner occupied business?
Great information! 👏
Glad it was helpful!
Where are you guys located
Hello Luis! We have offices in Pennsylvaina & Puerto Rico but we are licensed in Ohio, Virginia, Maryland, Puerto Rico, Pennsylvania, North Carolina, Texas, and Florida.
Is the a maximum interest rate by law a hard money lender can charge for an investment property?
Feel free to reach out to us via our social media accounts so we can put you in touch with our commercial lender. TY!
Great video
i have a 4million dollar dealership project city approved have 200k in hard cost and 400k soft cost construction budget and land is 4 mill how can you help
Ryan, if you are still in need complete this quick prequalification form and we can started looking into your options. commercial-loans-megan-marsh-app.secure-clix.com/
What licensed do you need?
Are you asking the license needed to originate commercial loans?
@@MortgageBusinessAcademyI would like to know that as well. What license is required to lend on the commercial side of things
@@CharlotteGigiDumas - most states do not require a license. Only a handful do. Meaning a LO licensed in only PA can originate commercial loans all over the country
I'm a real estate broker in MA. and I do business brokerage as well. I would like to do commercial lending brokerage in my business. Is it possible to get the names of lenders that would work with brokers? Or even if your company works with brokers can you send me an email so we can discuss this? Please let me know.
One of the most difficult things to do is find lenders to work with. Many of them are very niche or specialized with the type of commercial lending they offer. We've met with and worked with many. We offer a subscription to a community with this information and a course on how to do commercial deals and provide a list to some of these commercial lenders. If you would like to learn more you can email us at sales@colabservice.com with your information or schedule a discovery call using the link in the description and leave a note in additional information that you are interested in learning more about our commercial loan brokering course.
How to get commercial loan and how I contact you guys
Thanks for reaching out. We would be happy to assist you with your commercial loan needs. You can email us at info@colabcapitalfunding.com, or you can complete this short preapproval application: 👉 bit.ly/3MRcTuX