Walker Commercial Funding - Brian Walker

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Mortgage and Lending - Walker Commercial Funding
All things commercial! US and international
RECENT BLOG POSTS
If your client has been turned down by their own bank...don't panic! Banks across the nation are getting tighter and more restrictive on their lending parameters...I've had several banks turn down clients for reasons the clients just don't understand...for example:1) We aren't lending on this pro...
09/22/2007
Yes, it is true. These programs do exist....the "borrower" enters a sale/leaseback agreement with a hedge fund. The borrower gets the benefit of the cash flow of the property...while the hedge fund gets the appreciation. Everyone wins. These programs are available for properties worth $2M or more...
09/20/2007
Hey folks...I'm a big fan of the SBA loan in commercial financing...recently, however, they have changed their guidelines...what we could do with 10% down...has now become 15% down on SBA purchases...just thought I'd give you a heads up and let you know....As always, let me know if I can help you...
09/15/2007
Wow! Lot's of changes on Main Street USA...the plain, jane vanilla commercial loan you expected to get from your local bank may not be there for you....LOTS of reasons, but it all boils down to your hometown bank is very nervous about the future.I've gotten several referrals from my banking partn...
09/03/2007
For some reason, I've seen a lot of applications recently for investors wanting to buy apartments/multifamily with 10% down. Is it possible? Absolutely...to qualify, your borrower must:a) have a credit score 680 or aboveb) fully document his or her income with two years business and personal tax ...
08/28/2007
 The companies that are most likely to leave you holding the bag and NOT fund your deal are the companies that started to diversify into commercial when they saw the residential crash coming...Many residentail lenders started commercial divisions to divert attention away from their dying resident...
08/21/2007
How fast can a hard money deal happen? Typically 7-10 days. This includes getting a valuation, which usually isn't a full-blown appraisal...and title work.Does the borrower have to have good credit? No, but he must have a good exit strategy.What is an "exit strategy"? Hard money loans are very sh...
08/19/2007
The best financing for a commercial transaction is usually a CONDUIT loan...they always have the lowest interest rate, but typically the most stringent underwriting guidelines and stiff pre-payment penalties....HOW HAS THE WALL STREET MAYHEM AFFECTED CONDUIT LENDING? In the simplest terms, rates ...
08/18/2007
These aren't tough loans, it's just that most lenders don't want to even offer them...so, essentially, there are few places a church can go to get financing for construction, purchase or even cash-out. In fact, as of this week, there are only 2 or 3 major players in the market that even offer chu...
08/17/2007
I just wanted to give you all a heads up. If your loan or client's loan was submitted to this lender and hasn't funded, it WILL NOT CLOSE! Let me know if I can help you. The closing notice is posted below. It was sent to me this morning:IMPORTANT NOTICE:FIRST MAGNUS IS NO LONGER FUNDING ANY MORTG...
08/16/2007
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Brian Walker

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The truth and real solutions about the commercial lending world....explained by a seasoned professional..Brian Walker