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Bad Credit Commercial Loans and Mortgages
Bad Credit Commercial Loans and Mortgages
While credit profile is an important consideration in the lending decision it is not the only one. A bad credit commercial mortgage or loan is available to individuals and businesses with less than perfect, or poor credit ratings. These are also called “sub-prime” loans.
Bad credit commercial loans and mortgages are available for any sort of commercial purpose. Bad credit commercial loans can be used to remodel a manufacturing plant to make it run more swiftly, for example. Bad credit commercial mortgages can also be used to restructure or expand the existing business. Also, much like bad credit home loans, bad credit commercial loans can be used to actually pay off debt and improve your credit.
Bad credit may not stand in the way of obtaining your loan or mortgage request. What is essential, however, is a clear detailed plan of your commercial purpose for the loan, as well as a plan for repayment. With bad credit commercial loans and mortgages, bad credit may not hurt anymore, but rather it gets improved. And then, with timely payments, you can eventually improve your credit score and overall credit report even further.
Not all commercial property owners and prospective commercial property owners are alike and thus each loan request is treated as a unique scenario. A good broker will try to maximize their clients’ opportunities to get the commercial property loan that meets their objectives, even if their credit history is less than perfect. Creative and time-tested financing techniques are still available even in the present market to make brokers’ services more effective and responsive to borrower’s needs. Rates can vary quite dramatically across products, so it is important that there is very thorough understanding of the client’s situation so that the best product can be secured for them.
Securing the right commercial mortgage or loan is a very important decision. Because sub-prime mortgage loans can often be a complicated process, it’s important you speak with the right people. The idea is to improve your credit score and get you back on track with manageable debt and payment schedules. Even if your initial goal is to expand or renovate your business, purchase equipment, obtain much-needed working capital, or anything else, a sub-prime bad credit commercial mortgage can actually help improve your overall credit. Combined with timely payments, a sub-prime bad credit mortgage can put you in the right direction towards achieving both your short term, as well as your long term business goals.
Donna Lewczuk is the owner of Donna’s Mortgages, http://www.donnasmortgages.com . She has worked in the financial services industry for over 21 years, with most of those years involved in the mortgage field.
*Note: This resource article is provided for informational purposes only. TexasInvestmentProperty.biz has no affiliation with the writer. Do your own due diligence regarding any potential business investment or relationship.
Several Texas Zip Codes still strong for Real Estate sales, in contrast to most other US cities
According to a recent article in Business Week, Texas can lay claim to several of the countries strongest and ‘hottest selling’ real estate zip codes: Austin, Plano (a suburb of Dallas) and Houston.
Turns out, the Texas economy continues to benefit from high energy prices. Oil and natural gas drilling and petroleum processing are major industries in the state.
October 2, 2008: Dallas-Fort Worth apartment demand up, rents rise
This is an encouraging story about the strength of Texas investment properties in the Dallas-Fort Worth metroplex. The US economy, as we know, is in the throes of a serious crisis of confidence.
Real estate values for homes are dropping, though this decline has not been nearly as severe in Texas.
If you are looking for a 1031 exchange property, consider Dallas, Fort Worth, Houston and other Texas metro areas at this time.
Dallas-Fort Worth TX Multifamily Market Strengthens
10:13 PM CDT on Thursday, October 2, 2008
After six months of lame leasing at the start of the year, Dallas-Fort Worth’s apartment market saw a surge in rental demand during the third quarter.
Net apartment leasing totaled about 3,680 units in the D-FW area during the just-completed quarter.
That’s a huge improvement from the first half of 2008, when the market saw a net decline in overall occupancy.
“There was decent demand for the first time since the third quarter of last year,” said Greg Willett, vice president of research and analysis for M/PF YieldStar. “D-FW occupancy is up a little bit, and rent growth is holding steady.
“The sustained rent growth is counter to the pattern elsewhere, with the national numbers exhibiting a big slowdown.”
The increase in rentals during the third quarter was enough to push overall occupancy in the area to 93.2 percent.
And average rents rose 2.9 percent to a record $766.
Construction is booming, too. Read the rest of the story
Texas Real Estate Prices remain relatively stable– Dallas with one of the smallest declines nationally
U.S. home prices fall record 16.3%, Dallas prices only 2.5%
10:50 AM CDT on Tuesday, September 30, 2008
Against the backdrop of slumping financial markets, there was more bad news Tuesday for the battered U.S. housing sector.
Nationwide home prices fell by a record 16.3 percent in the latest measure of housing values, released Tuesday in the Standard & Poor’s Case-Shiller Index.
In the Dallas area, home prices in the July report were down only 2.5 percent from a year earlier in the 20-city monthly survey.
“There are signs of a slowdown in the rate of decline across the metro areas, but no evidence of a bottom” Standard & Poor’s David M. Blitzer said in the report. “While some cities did show some marginal improvement over last month’s data, there is still very little evidence of any particular region experiencing an absolute turnaround.”
More than half of the cities in the Case-Shiller survey had double digit drops in home prices from a year earlier, with the worst slides reported in Las Vegas, -29.9 percent, and Phoenix, -29.3 percent.
The smallest 1-year declines in home prices were in Charlotte, -1.8 percent, and Dallas.
“While their annual returns are negative, Atlanta, Boston, Dallas, Denver and Minneapolis all reported positive returns for the three months or more,” the Case-Shiller report said.
Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index survey does not include condominiums and townhouses. It only covers preowned properties – no new construction.
The Case-Shiller researchers compare “arms-length sales” of specific single-family homes over time.
Reasons to buy Texas Investment Real Estate? They are numerous…
Dallas-Fort Worth apartment demand, rents rise
01:55 PM CDT on Thursday, October 2, 2008
By STEVE BROWN / The Dallas Morning News
After lame leasing totals earlier in the year, Dallas-Fort Worth’s apartment market saw a bump in rental demand during the third quarter.
Net apartment leasing totaled about 3,680 units in the D-FW area during the just completed quarter.
During the first half of 2008, the market had suffered a net decline in overall apartment occupancy.
“There was decent demand for the first time since third quarter of last year,” said Greg Willett, vice president of research and analysis for M/PF YieldStar. “D-FW occupancy is up a little bit, and rent growth is holding steady.
“The sustained rent growth is counter to the pattern elsewhere, with the national numbers exhibiting a big slowdown.”
The increase in rentals during the third quarter was enough to push overall occupancy in the area to 93.2 percent.
And average rents rose 2.9 percent to a record $766.
Construction was booming, too.
M/PF said that developers in North Texas broke ground on 14 projects with about 4,400 units during the third quarter.
That pushes apartment building in the area above 20,000 units.
Mr. Willett said development is at the point “where it starts to be concerning, even in periods when the economy is in lots better shape than is seen now.
“Construction starts continue to be surprisingly aggressive, especially given that every developer you talk to will tell you that financing is nearly impossible to get.”
Contact us about investing in Texas Real Estate.
