When the markets operate smoothly, real estate investors typically go to their bank and obtain financing for their purchase or refinance. If they are working with a particular bank, their banker would typically be able to offer the customer a competitive rate. More importantly, he would be able to assist him with financing to buy or retain his building.
The world has changed.
Many investors are approaching their banks for refinancing and finding that the banks are not interested in keeping the loan. Unfortunately, this forces them, in certain cases, to lose the property when they can’t find the funds to make the balloon payment. Or if they do find a lender, the rates or terms could be onerous. In such a market, a broker can add great value as they provide access to investors like insurance companies, debt funds and niche banks interested in lending money in the commercial space.
Cliffco Mortgage Bankers has become an important resource for real estate investors searching for financing solutions in the following situations:
- Ground up construction for investment.
- Mixed use purchases.
- Apartment buildings.
- Office buildings.
- Financing on a pool of properties.
- High priced residential properties.
If you have a financing need please reach out to Cliffco Mortgage. With over 35 years of experience, Cliffco knows how to package and where to present loans in order to get clients the best option. Email [email protected] or call (201) 725-9527.
When he’s not helping people finance their homes, David likes to explore interesting adventures for the current and soon to be Medicare generation — a combination of rewarding and fun. Share your thoughts at [email protected].
