Let’s face it. Entrepreneurs and business owners are always looking for money. I find it interesting that many folks running a business who need money don’t take the time to really understand how much money is actually out there and available to them. When words like “money, financing and capital” are used they can cause someone’s eyes to glaze over as these terms are associated with confusing and uninteresting concepts. The truth is that money can be complicated and boring to understand but it doesn’t have to be.
Often the question is asked of us from people and businesses looking for a mortgage: “What is the difference between a bank and lender”. They are usually responding to our mortgage quote that they receive indicating the different financing options Continue reading “Bank versus lender”→
Sometimes it is helpful to know some basic pieces of information before you contact a bank, lender or broker seeking a commercial mortgage. The following are three very simple things to know about commercial mortgages that will hopefully steer you in the right direction.
“I have made an offer on a property and have removed conditions. Can you tell me what my financing options are?” This is a statement we hear multiple times a week from borrowers across the country that commit to tranasctions without knowing what financing options they have. Continue reading “Last minute…really?”→