Home Mortgage Broker Free Mortgage Broker Business Plan 3.4 Future Products & Services being planned
Real Estate Funding Solutions is a full service mortgage broker that will be offering primary mortgages and home equity loans to borrowers in the Monroe County, New York. While the focus of the two owners Ryan Armstrong and David Chen, will be to facilitate residential real estate financing solutions, they also anticipate being able to finance some small commercial real estate loans. Typically these commercial real estate financing solutions will be provided on properties like multi family and mixed
Small balance commercial real estate financing tends to a very different animal from the traditional one to four unit residential property financing and that is why many brokers do not like to deal in them. Financing commercial properties takes an understanding of the cash flow and expense being generated by the property as well as a keen understanding of the capitalization ratios being used by local lenders for the areas in which the properties are located. The appraised value of these properties often tend to be higher than the values determined by the bank's own internal capitalization ratios and that is why these loans tend to be much harder to close successfully.
We believe that as the business for Real Estate Funding Solutions grows, the inclusion of a few small balance commercial real estate financing solutions will set Ryan and David apart from the competition and enhance their reputation as the regions top real estate mortgage brokers.
Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.
Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.
The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!
The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.
Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.
If you are looking to start a business - look no further. Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.