How a bridge loan can help homebuyers avoid dreaded contingency
The biggest, most perplexing challenge for many equity-rich California home sellers is fear they are walking away from a low fixed rate mortgage and low property taxes and then buying into the abyss. There are few good home choices to buy and plenty of buyer competition in a tight inventory market, now four years running. […]
Even thought the briefer loans are expensive, there are undeniable benefits of bridge loans
Bridge loans, despite being more expensive than traditional loans, offer several undeniable benefits for certain situations. Here are some key advantages: It’s important to note that while bridge loans offer these benefits, they also come with higher interest rates and fees. It’s crucial for borrowers to carefully evaluate their financial situation, the purpose of the […]
Never forget the benefits of a bridging loan
Mortgage expert Mitesh Manek says ‘bridging loans’ are a great help to many people purchasing a property, whether they’re a new home owner or an experienced developer When times are tough financially, many people forget about the benefits of using a ‘bridging loan’. These are short term loans used to help people ‘bridge a gap’ […]
USDA Announces Extension of D-SNAP for New Mexico Disaster Areas
WASHINGTON, July 26, 2024 – The U.S. Department of Agriculture (USDA) announced that low-income New Mexico residents in parts of Rio Arriba and San Juan counties recovering from the impact of wildfires and flooding that began on June 17, 2024, could be eligible for a helping hand from the USDA’s Disaster Supplemental Nutrition Assistance Program […]
What is C-PACE Financing in Commercial Real Estate?
WHAT IS COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY? Commercial property-assessed clean energy (CPACE) is a financing structure in which building owners borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment on their property tax bill. The financing arrangement then remains with the property even if it is sold, facilitating […]
USDA Business & Industry Guaranteed Loan Program: Empowering Rural Growth
Introduction The USDA’s Business and Industry (B&I) Guaranteed Loan Program is a pivotal initiative aimed at fostering economic development in rural areas. By guaranteeing loans, the USDA helps businesses establish, expand, or modernize their operations, thereby creating jobs, enhancing local economies, and promoting sustainable practices. Program Overview The B&I Guaranteed Loan Program is designed to […]
SBA 504 Loans: Frequently Asked Questions
What are the main advantages of the SBA 504 Loan? How is an SBA loan structured? Most 504-financed purchases are for office, retail or industrial buildings. SBA 504 Loan, fixed-rate loans finance 40 percent of the total purchase. A bank or other lender provides 50 percent and the business owner contributes a 10 percent down […]
The mystery of a tiny Toronto laneway that sparked a historical real estate drama
A forgotten sliver of land owned by a long-dead prominent Upper Canadian throws wrench in developer’s plans Harry Mitz was an elementary school dropout, but a streetwise, wheeling-and-dealing entrepreneur who could make “money out of crap,” according to his son, Lewis. That “crap” might have been an old beater of a car that he would […]
POWER BROKER- Benefits of working with a Mortgage Broker
Mortgage brokers play a crucial role in the home financing process and can offer several benefits to borrowers. Here are some of the powers of a mortgage broker: It’s important to note that while mortgage brokers offer many benefits, it’s still essential to research and choose a reputable broker. Look for someone who is licensed, […]
