Posts Tagged Underwriters

Commercial Tips 7-27-10

Posted by Head Coach in Commercial Financing Tips on July 27, 2010

Summer is in full swing and I’m enjoying it! I had a little vacation time with family recently in the Midwest (can you say HOT AND MUGGY?) and now I’m back in the saddle. I’m finding rates low thanks to recent moves in the Treasury market and some lenders tentatively coming back into [...]

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Businesses On The “Watch” List

Posted by Head Coach in Commercial Financing Tips, Lenders & Lending Issues, Underwriting Issues on July 28, 2008

Underwriters are very nervous about certain tenant or owner-user types today.  Automotive related industries such as car dealerships, gas stations, and car washes are expected to be impacted by the slowing economy for a while (although repair shops are expected to do well).  Contractors, real estate, mortgage, travel and other “discretionary” business tenants are of [...]

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Are You Prepared?

Posted by Head Coach in Commercial Financing Tips, Lenders & Lending Issues, Underwriting Issues on May 19, 2008

When you are seeking commercial financing, you really need to have your story together. Commercial underwriters are inundated with potential transactions, so the best summarized and most organized loan packages get their attention. Take time to prepare a good summary and collect all of your supporting information in the same order as you present it [...]

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Truly Summarize

Posted by Head Coach in Commercial Financing Tips, Underwriting Issues on March 25, 2008

One of the bigger frustrations we face on the lending side is trying to figure out the important points of a transaction. We often receive a ton of tax, income and expense, title, credit, purchase and other loan related documents with absolutely no summary of what is going on in the transaction! As you would [...]

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Be Thorough In Your Documentation

Posted by Head Coach in Commercial Financing Tips, Underwriting Issues on March 4, 2008

There is a tendency in our business to “get the deal done.” Counterintuitively, it is easier to get the deal done if you spend a bit more time getting a complete package together. Time spent here will save you aggravation because underwriters will focus on the thoroughly researched deals ahead of the haphazard ones.

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