Site hosted by Angelfire.com: Build your free website today!

The drama of borrowing LONG-TERM MORTGAGE

MORTGAGE LOAN

Most business understand mortgages, yet real estate is often overlooked in raising corporate capital. Especially impertant are second liens, which can augment what would be an imposible bit of bridge financing or letter-of-credit line.


GENERAL CONSIDERATIONS

  1. THE PROPERTY
  2. List pertinent information about the physical aspects of the Property and what type such as multi-family,commercial etc.

  3. THE PRINCIPALS
  4. Who owns the property and what enity wants to borrow. What is the experience of the Borrower with this type of property?

  5. CURRENT STATUS
  6. Is the Borrower comtemplating buying the property and it so is it under contract?

  7. THE LOAN
  8. How much money is needed? How long is the loan needed? How will it be repaid? How will the interest be paid?

  9. FINANCIAL
  10. What is fair-market value of the property? Is there a recent appraisal, and if so, when was it done and what was the value?

  11. USE OF PROCEEDS
  12. How will the loan proceeds be disbursed?


Other Considerations