How A Commercial Loan Works? | Co/LAB Lending

[@CoLABLending]

Thank you for watching our video. If you have any questions please let us know in the comments below!!

[@jh9740]

Be good if there were lessons like this in school. Great information thanks

[@CoLABLending]

You are most welcome. Glad you found our video informative.

[@EdgarBirdsong]

Very informative and helpful. Thanks for making this video.

[@CoLABLending]

You're most welcome!

[@nadinedaoud2538]

Excellent information as I’m just getting started in the commercial brokerage side. Thank you !

[@CoLABLending]

Good luck! It’s my favorite side of lending.

[@user-iv3do8cj5l]

Thank you for sharing

[@nonamegiven5078]

Great information! 👏

[@CoLABLending]

Glad it was helpful!

[@tips4truckers252]

Great video

[@LeoCampos2]

I wish I had seen this video before. I need more information!

[@CoLABLending]

Hello, please feel free to reach out to use via our contact information or visit our website for a scheduled call. Thank you!

[@CharlotteGigiDumas]

What licensed do you need?

[@CoLABLending]

Are you asking the license needed to originate commercial loans?

[@christinemolano]

I’m looking to purchase a laundromat is 25% down needed or is the loan based off my income or the business cash flow im in California

[@CoLABLending]

We can finance up to 60% LTV on the property. We would base the cash flow on the p and l for the laundromat income.

[@cheriefields372]

Needing warehouse financing… any sources?

[@CoLABLending]

We have lenders that finance warehouses. Is it for an investor or a owner occupied business?

[@ryancruz905]

i have a 4million dollar dealership project city approved have 200k in hard cost and 400k soft cost construction budget and land is 4 mill how can you help

[@CoLABLending]

Ryan, if you are still in need complete this quick prequalification form and we can started looking into your options. commercial-loans-megan-marsh-app.secure-clix.com/

[@patrickd1606]

I’m looking at a multi family off market. 1st floor is commercial (restaurant/bar) second and third floor are 3 bed 1 bath units with avg rent $1500 ea. attic is framed for a 3 bd 1 ba since zoning laws are changing soon so can add a 3rd rental unit. What type of loan would I be looking to get?

[@CoLABLending]

Thanks for watching! For personalized mortgage advice, I recommend scheduling a consultation with Co/LAB Lending experts. Click here to set it up: colablending.com/mortgage-consultation/. Let me know if you have any questions!

[@DarrinSK]

Do you have a chance of getting a loan for a rental income property (mixed use storefront and residential) if you have no experience as its your first foray i to any business and little to put down?

[@CoLABLending]

@darrinSK Hello! FHA loans can be a good option for financing mixed-use properties, even if the commercial space won't be your primary business. However, with conventional loans, the mixed-use property typically needs to be owner-occupied for the commercial portion.

[@CoLABLending]

Your best bet with little down is to buy a 2-4 unit property without a storefront. You can do that with only 3.5% down

[@chanchis03]

Hello, are you license in Georgia ? Thank you

[@CoLABLending]

With commercial and business funding, we can help in any state!

[@jaleelhasan6122]

How to get commercial loan and how I contact you guys

[@CoLABLending]

Thanks for reaching out. We would be happy to assist you with your commercial loan needs. You can email us at [e-mail], or you can complete this short preapproval application: 👉 bit.ly/3MRcTuX

[@LuisGonzalez-eq5ks]

Where are you guys located

[@CoLABLending]

Hello Luis! We have offices in Pennsylvaina & Puerto Rico but we are licensed in Ohio, Virginia, Maryland, Puerto Rico, Pennsylvania, North Carolina, Texas, and Florida.

[@chezb]

2:54 Does one’s personal income gets factored in when assessing commercial loans (eg., purchasing multi-family) or not? Is the loan servicing solely based on the deal itself like purchasing a business? Thanks

[@CoLABLending]

At local banks they factor it in, they call it universal something. When going through commercial brokers who deal with hundreds of specialized lenders, those lenders care more about the deal making sense. They will want to know your experience level, but there are plenty of investors with no J O B or W2 income who borrow for commercial deals where the numbers and deal makes sense.

[@jluu6r]

Is the a maximum interest rate by law a hard money lender can charge for an investment property?

[@CoLABLending]

Feel free to reach out to us via our social media accounts so we can put you in touch with our commercial lender. TY!

[@ajjohnson8346]

I'm looking to purchase a building to start a beauty supply store owner occupied. Are there any lending companies that you could recommend in Northern California?

[@CoLABLending]

We have a couple of partners that are licensed in California, please feel free to schedule an appointment with us via colablending.com/mortgage-consultation/