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Sep
06
12 HABITS OF ULTRA-SUCCESSFUL PEOPLE

12 HABITS OF ULTRA-SUCCESSFUL PEOPLE!

12 HABITS THAT SET ULTRA-SUCCESSFUL PEOPLE APART

Ultra successful people delight themselves by blowing their personal goals out of the water. They succeed along many different dimensions of life—their friendships, their physical and mental health, their families, and their jobs (which they are not only good at but also enjoy).

These ultra-successful people have a lot in common. 90% of them are skilled at managing their emotions in order to stay focused, calm, and productive.
These super successful folks have high emotional intelligence (EQ), a quality that’s critical to achieving your dreams.

The following are twelve of the most effective strategies that ultra-successful people employ to reach...


Aug
14
Take your business to the next level with a portfolio loan

A Portfolio mortgage is a commercial loan designed to cover "multiple properties", Instead of using one property as collateral for the loan, a portfolio mortgage actually utilizes the total value of a portfolio of investment properties to collateralize the loan. What sets portfolio loans apart from almost every other loan out there is almost every other lender goes on guidelines and standards but with a portfolio loan this does not apply as it allow the lender to offer you a more suited loan. Let’s see some of the reasons why you should take a portfolio loan into consideration.

They form relationships, not portfolios

Because they are not the conventional mortgages, You don’t have to fit into their portfolios. Generally speaking...


Aug
01
FAQ:What is a Bridge Loan and how does it work?

So you are ready to buy a new property, but you are not ready to sell your current property, so you may be interested in securing a bridge loan. A bridge loan gives you the option to borrow money for the purchase of a new property by using your current property as collateral but with the wide array of financing options available in the real estate market, it can be quite a challenge to choose the option that’s best for you and your needs. At National Commercial Property Loans, we know that being well informed about your options helps you make smart decisions.

What is a Bridge Loan?

A bridge loan can be defined as a short-term loan that can be used in commercial real estate. Commonly used to bridge the gap between securing long-term f...


Jul
25
What types of property do hard money lenders lend on?

Hard money loans are commonly used for short-term needs such as real estate acquisitions. Hard money loans are usually available for 30 days or up to two (2) years. However, on distressed or vacant real estate, it is difficult to obtain a traditional mortgage. For this reason, hard money loans are often used by real estate investors for new acquisitions, Construction, Rehab and more.

Hard money loans are an Asset based loan; meaning the loan is based on the Value of the Property; not on your credit or other negative personal issues such as: credit, bankruptcies, foreclosures or need to close in a hurry. Hard Money loans can close in as little as 10 days.

Keep in mind that Hard money loans can be used for:Raw land, Gas Stations, Office Buil...


Jul
18
4 Tips to Improve Your Chances of Getting a Small Business Loan (SBA)

So you started a business or you’ve been in your business for quite some time and now you are ready to take it to the next level but growth takes capital, and that often means securing a small business loan. The money is out there, but to boost your chances for success, you’ll have to figure out how to show that your business is robust and have an strategy. You know the old saying “forewarned is forearmed”.

1. Fix any errors in your credit report.

Keep in mind that credit bureaus have up to 30 days to resolve an issue. So it’s better if you wait until the bureaus resolve the dispute to apply for a loan.

2. Start the process early.

A good idea is to apply for a business loan well before you need it. Loans guarant...


Jul
16
How to Obtain a Commercial Real Estate Loans

Purchasing a Commercial Property?

Information concerning obtaining a Commercial Real Estate Loan

Whether you’re buying commercial real estate as an investment or for the use of your business (SBA loan), most of the time you’ll have to get a commercial real estate loan unless you have enough capital to cover the entire purchase price (and, most of the time, even if you have adequate capital to cover the purchase price, leveraging your purchase (i.e., getting a loan) is something you’ll always want to consider because it may be better to free up the capital you have on hand to do other deals).

It’s of course critical to know what you’ll need to provide even before you approach a lender about getting a commercial ...


Jul
11
Top 3 benefits of hard money loans

A Hard Money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property.This type of loan is often used by real estate investors to quickly acquire the capital needed to purchase, refinance or renovate a property. The investor can also use the hard money loan as a bridge to secure a more conventional financing. Hard money loans do have advantages compared to regular loans from a bank or a credit union, these benefits include the following:

Hard money loan does not require financials or credit scores:

Credit scores are not really important on Hard Money loans as these are asset based loans that utilize the value of the property as the primary qualification. Banks keep a list of iss...


Jun
24
How the CDC / SBA 504 Loan Program Can Benefit Your Business?

SBA 504, There’s a big advantage to you as a business owner so if you're doing a new project or you're growing into a new facility then a fixed-rate would be a good fit for you. Especially in an interest rate environment like we're in right now where, yes interest rates are low and have been for a while, but they're going to be rising over time.The SBA 504 program provides small business owners with loans to expand or buy their own commercial real estate, here’s some more benefits:

1. Better Choice than Commercial Loans
Commercial loans only benefit the lender, not you and that’s what they are made for. If you’re serious about owning commercial property and other assets a SBA 504 would be the best option for you.

2. ...


Jun
16
5 QUESTIONS YOU NEED TO CONSIDER BEFORE GOING FOR A HARD MONEY LOAN

questions

A hard money loan is a short-term loan (typically 6 months - 2 years) secured by a real estate property. As opposed to conventional lending such type of loans are funded by private investors. The amount of money that can be lent to the borrower depends on the value of the collateral asset. Such asset can be borrower’s own property or the property which he wishes to acquire.

A hard money loan requires a monthly payment of interest only with the remaining loan amount “balloon payment” at the end of the term or loan extension.

However the lending requirements of hard money loans are usually less stringent than those of conventional loans, but still a borrower need to consider these 5 questions before applying for such loans:

1...


May
31
Differences between SBA 504 and 7(a) Loans for Commercial Real Estate

Today's blog post is about differences in SBA loan programs for real estate financing. National Commercial Property Loans has been doing commercial real estate financing since 2006 and we always run into a lot of questions that borrowers have about what would be the best program for me? So it was about time we created a blog post about this great question.

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So should I go for the SBA 504 program or the SBA 7(a) program? When it comes to financing real estate the answer almost always is going to be the 504 program is the best option for your business. Why is that? The 504 program offers many advantages that the 7(a) loan doesn't. The 504 program offers fixed rates for twenty years. Most 7(a) loans that you would get through a bank are varia...


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