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Modifying your home loan with mortgage modification – How is this possible? With the change in the mortgage loan sector, the lenders ask the borrowers to provide complete documents when they decide to take out a home loan. This has affected the housing markets of California, Florida, New Jersey, New York, Connecticut, Virginia, Massachusetts and […]
DSCR = NOI/Total Debt Service A common misunderstanding made by borrowers when researching and applying for a commercial mortgage loan is how they calculate Net Operating Income (NOI). Many borrowers do not realize that commercial lenders use actual expenses plus anticipated holdbacks (i.e. vacancy rate, repairs and maintenance, management, etc.) Holdbacks can also be thought […]
Each commercial mortgage loan is considered unique to property type, usage and borrower. The Senior Commercial Capital Hotel and Hospitality financing loan process begins with your submission of the following: Executive Summary Senior Commercial Capital Loan Setup Form Statement of Understanding with Senior Commercial Capital When these three executed documents are submitted to your Senior […]
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