Listen to Audio Segment of Brad on Real Estate Revealed Here: Transcript of Real Estate Revealed Show on AM560 from Sunday, September 20, 2020 Good Morning and as always it is a pleasure being here. It is another gorgeous late summer day – in fact today and tomorrow are the last two days of…
Author: Brad Hettich
SBA in the Spot-Light
As a rule, most business owners have always preferred to borrow money directly from commercial banks or other funding sources without going through the hassle of securing government assistance. When it comes to SBA financing many business owners think the process is long and arduous. Although the process can be slightly longer and certainly some…
Commercial Loans - Are Lenders Still Lending?
For the past six weeks since the CARES Act passed Congress, it has largely felt like the traditional commercial lending market has come to a screeching halt. Banks and even non-bank lenders converted all of their resources to making Payroll Protection Program loans, commonly known as “PPP” loans, and in a mad rush to access…
March 2020 - Programs to Highlight
No Tax Return Owner-Occupied Commercial Property Financing: Under this program we can get financing on 50% or more owner-occupied commercial properties based on historical operating revenues for the operating company verified via bank statements for the company, with cash-out possible up to 75% of property value. The loan is a 5/1 Arm with rates fixed…
Coronavirus - How Will It Impact Commercial Lending?
The Coronavirus is probably the most important topic at this moment and may be the most important topic in all of 2020 (outside of the Presidential election), and it is causing a lot of confusion, anxiousness, market stress, political turmoil, and even some panic. I have spent a significant amount of time over the past…
Happy Holidays from Commercial Lending X
We wanted to take a moment this holiday season to share our gratitude. We feel genuinely blessed to have such great relationships with our customers, referral partners, lenders and other supporters. Thank you for all that you do, and we truly hope your holidays are amazing. As always, we are excited to share a combination…
Warren & Sanders Tax Plans: How They Will Destroy the American Dream
If you have not been paying attention to the tax proposals being recommended by Presidential candidates Bernie Sanders and Elizabeth Warren, you should. Although their proposals are only seeking to target wealthy earners in the United States, the effects of their proposals will slide down and hurt every American citizen in the long run. Here…
CLX Recent Success Stories & Policy Updates / New Programs
Recent Success Stories Below are a few recent success stories to help provide more detail on the type of transactions we can get financing for at Commercial Lending X. Banquet Facility Refinance – Client was looking to refinance a banquet facility being carried by a private lender who funded acquisition so the client could start…
Interest Rates - Could They Get Any Lower
Ever since the Prime rate started going up December of 2015 everyone has been expecting long-term interest rates to continue to move up, which they certainly did. Although there were temporary dips lower in long term rates, in general as Prime moved up so did long-term rates. However, something happened in 2019. As worries about…
CLX Recent Success Stories & Loan Program Updates
Recent Success Stories Below are a few recent success stories to help provide more detail on the type of transactions we can get financing for at Commercial Lending X. New Daycare Center Start-up – Client was looking to open their second daycare location. We were able to secure 90% financing for the start-up of their…