A closer look at the news shaping our world today

Tag: commercial loans

commercial mortgage broker

Questions to Ask a Commercial Mortgage Broker

So you say that you’re about to fulfill a lifelong dream of owning your own business.  Being your own boss.  Before you get the gears in motion, first… stop and catch your breath, then compile a list of items to ask the mortgage broker who will, hopefully, be able to bring those dreams to fruition.  Your best bet for choosing a mortgage broker is to locate someone who is both trustworthy and an expert in commercial real estate financing.   Let your lender be a friend and help guide you through this process.

Before you grab a pencil and paper to write your list of questions to ask the lender, there are a few questions you need to address about yourself first:

commercial and residential mortgage

What is the Difference Between a Commercial and Residential Mortgage?

Now that you’re settled into your new abode and are feeling pretty pleased with yourself, next on your list of priorities is to fulfill your lifelong dream of being your own boss.  If that dream job cannot take place using your house as home base, i.e. you must take the business out of the home, and into a building, or, if you are simply purchasing land upon which you will erect a particular building, the process for securing a loan for a business venture is way different than the one you endured for the purchase of your new home.

The procurement process is similar enough since commercial, as well as residential mortgages, essentially are loans procured through a bank or lending institution. Another factor which may be similar is whether or not you still carry student debt, as sometimes it can delay implementing the loan process.  Don’t let the commercial loan procurement process thwart your attempt to fulfill a dream of owning your own business.  The cumbersome details may be hard to grasp, so why not consider consulting with an expert, a commercial real estate lender who will help smooth out the loan process for you?

finance, hospital

How to Finance a Hospital

Hospitals today are not the same as you may remember from back in your youth.  Hospitals, for the most part, are all about making a profit these days, and, since the Affordable Care Act (“ACA”) became a reality, more and more people find themselves with elective surgeries are on the rise.  The ACA has also increased the need for more hospitals, as well as doctors and related hospital staff.  Truly the ACA has been a win-win situation in the medical field, especially when you discover that as recently as 2014, hospital’s uncompensated care costs were estimated to be a whopping $7.4 billion, or 21% lower in 2014 than they would have been in prior years due to the absence of coverage expansions.  One of the ACA’s chief aims was to incentivize hospitals to promote high-quality care and avoid unnecessary re-admissions, and slowly and surely this is coming to fruition.