Commercial Real Estate Loans | How to Qualify?
Having access to funding for your real estate portfolio expansion is very important. In today's video, I will go over the importance of commercial real estate loans and what you need to qualify for them.
We have a guest today in the channel, Hector Perez, Loan Officer at Patch of Land, to walk us through the commercial real estate loan application process and how Patch of Land qualifies their borrowers for approval.
In this phone interview, you will observe the types of questions commercial real estate lenders ask from you as the applicant so you can get familiarized with the process. Please note that each bank is different and some might differ in their qualification criteria. This interview is meant to educate you on how to carry out future conversations with mortgage officers and hopefully, help you continue to improve your relationship-building skills. Happy watching!
Links mentioned in the video:
To get in touch with Hector Perez 👉http://moneylenders.com/novarise
Hector Perez's number 👉+1-424-308-0342
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Learn how to invest in real estate without savings and still have enough to expand your portfolio, click here for a FREE training 👉https://www.novariseinvest.com/webinar/
⏰ TIMESTAMPS
0:00 Commercial Real Estate Loans | How to Qualify?
0:27 The difference between a Commercial Loan and a Residential Loan
2:18 What is Patch of Land?
3:12 How to get funding from Patch of Land?
3:45 Funding for Real Estate Investors program?
5:23 How to apply for a commercial loan?
7:28 How does a lender approve a deal?
11:58 What does pre funding mean?
14:24 Underwriting meaning
16:18 What does asset base mean?
16:44 How to make money with patch of land?
19:07 Contact Hector Perez - Loan Officer at Patch of Land
**DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION**
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