INCOME PROPERTY UNDERWRITING MANUAL Only $199

Right now Wall Street is buying more commercial mortgage-backed securities than at any time in history. As a result, there are loan agents out there today who are making over a half-million dollars a year brokering commercial loans to conduits. If you don’t know how to broker commercial deals, you are missing out on one of the biggest financial gold rushes of your lifetime.

For only $199 you can now buy an easy-to-read guide that will teach you everything you need to know about underwriting and brokering commercial mortgage loans. This is not some boring text book about the capitalization of commercial property cash flow streams. Boring! This is a training manual designed to get a residential loan agent up to speed arranging commercial loans in just one afternoon. In fact, that’s exactly how this manual got started, as a training manual for our own commercial mortgage loan officers.

Need to prepare a pro forma operating statement? I tell you exactly where to get every number on every line; even when you don’t have enough information and you just have to wing it. Don’t know the fire insurance premium? Try using $4.50 for every thousand dollars of insurance – but only insure 70% of the property’s estimated value. Laundry income? Use $11.50 per unit per month. Do you see how detailed, helpful and down-to-earth this manual is? No fluff. No theory. Just step-by-step instructions that even a dummy like me could follow.

You will also learn debt service coverage ratios, operating expense ratios, on-site and off-site management factors, reserves for replacement, capitalization rates (cap rates), vacancy factors, collection loss reserves and loan constants. You will learn about forward takeout commitments, standby commitments and bow-ties. You will learn how to underwrite construction loans, including the difference between loan-to-value ratios and loan-to-cost ratios, developer’s profit analysis, contingency reserves, interest reserves, and general contractor’s overhead and profit factors. You’ll learn the difference between gross leases and full service leases and industrial gross leases and net leases and net-net leases and triple-net leases. You’ll learn the difference between scheduled rents and effective rents. And exactly how do you prepare a pro forma operating statement when the building is 27% vacant? Inside you’ll learn.

I will also teach you how to look at a commercial deal and determine immediately to what type of lender you should take the loan. Got a successful business owner with a large average daily balance in his corporate checking account. Take the loan to a bank. Got a kinky property with great, verifiable income (i.e., great tax returns)? Go to a finance company. Got a standard piece of real estate with good leases and occupancy but the owner’s net worth is light? Take it to a savings bank. I explain why in plain, everyday English. Sounds like a lot to learn, huh? Nonsense. You can read my manual from cover to cover in just 90 minutes. When you’re done, you will know everything you need to successfully broker commercial loans. What a feeling – to finally master commercial mortgage underwriting. You’ll run circles around your realtors. Your confidence will soar!

So will your income. Just one point on a $2.6 million loan is $26,000. And did you know that packaging a commercial mortgage loan is far easier than doing a Fannie/Freddie residential deal? Using our commercial lender databank and this training manual, you can now make huge commissions off of commercial leads you were previously throwing away.

All this for $199.00 to order a copy of this wonderful Income Property Underwriting Manual, simply e-mail to us your name, company, address and telephone number. Please also include your Visa, MasterCard or American Express credit card information. We will need to know whether the card is a Visa or a MasterCard, the name on the account, the account number and the expiration date.

You can also order by phone by calling Alicia Gandy at 916-338-3232, or you can fax your order to Alicia at 916-3382328.

This manual comes with a money back satisfaction guarantee. If you are not completely satisfied that this manual is a fun, easy-reading guide to everything you need to know about commercial mortgage underwriting, just call us and we will happily refund your money.

Conduits are making billions of dollars in commercial mortgage loan this year. Some commercial loan agents are making over a half-million dollars annually bringing them loans. Stop throwing those commercial leads away! Turn them into big commissions instead. This decision is a no-brainer. You are going to learn a whole new profession for a lousy $199.

Be sure to also see our Combo Package Offer that includes our Income Property Underwriting Manual, our Commercial Mortgage Marketing Manual, and our Loan Broker Fee Agreement – all for just $249. For just $249 you will possess every tool you will need to open a very competent commercial mortgage division. Click here for details on our Combo Package by http://www.pro-bargainhunter.com.



Quick Property Sale

One of the most pressing issues for the market, of course, are the prices. According to the organizer of the roundtable, the company Business Analyst Group average sale price for April was:

office – 39 000 euro / sq.m.

Trade – 38 000 euro / sq.m.

industrial – 9 000 euro / sq.m.

the average rental rate offered on the open market in April was:

office – 747 euro / sqm / month.

Trade – 1218 euro / sqm / month.

industrial – 158 euro / sqm / month.

In 2006, in the Canada was put into operation 24 000 sq.m. space in the new shopping and leisure centers.

In 2007 he had already put 30 000 sq. m., until the end of 2007 plans to introduce a further 70 000 – 80 000 sq.m. trade area as a shopping and entertainment center.

In addition, over the next 3 years plans to build about 10 business centers and the same number of shopping centers. The rates of rent in the new sites is constantly increasing, the maximum rate for April 2007 reached 4500 euro / sqm / month. for commercial space and 1,770 euro / sqm / month. for the office.

Cost of sales 1 sq. m. in certain categories of commercial property increased over the year in 2-2,5 times, for example, industrial warehouses and administrative buildings.

Even in Moscow company today said that the market is overheating with us, the stakes are too high, the rent for our region is too high, and the purchasing power and throughput is still not at the level of major Russian cities. This reduces the attractiveness of shopping centers in the eyes of tenants – the start of discussions on Irina Fedchenko, director of consulting company Business Analyst Group, – for example, is very telling recent example of the opening TRK Greenwich for non-tenant commercial areas. In the past, the city of rumor, that the lease rates on commercial real estate collapse. And whoever invests in real estate, is now limbo: either invest or not. The timing of construction of new facilities or renovation of old protracted. The banks and leasing companies that lend to these deals, too, wonder: Does the alleged pay off dates announced for the construction projects. How long can increase rents and sale prices for commercial real estate in Canada?

.

Agreed that the stakes really high, and Alexander Filatov, director of the Canada branch of the company AlyansRegionLizing, explaining it immaturity, youth of the market started its development in 2004 alone, and formed a deficit of commercial real estate. Investments in commercial real estate lease at this stage has its own risk, but, in the view of Alexander, such a fall in prices, to talk about the risks of non-means, in the next two years will not be. Companies seeking to regain its image, which is characterized, above all, the notion of ownership. Sitting in his room or rent the space to sit in a good business center, or to withdraw somewhere in the suburbs – this is a meaningful indicator for business. Therefore, price increases will continue, perhaps with a little break, but in the coming 2007-2008, prices will rise. We discussed some of our business partners to back leasing transactions when they rent their premises for rent. They form the most growth of 5-10%. This projection raise rental rates for next year . Paul Vysotsky, director of OOO KLP-Invest, also predicts a rise in the prices of 10% in the segment of office real estate, which is positioned at the level of class V. In this format, no problems with the rental of commercial real estate there, and I think that will never, as well as benchmark average, – said Paul.

According to Paul Seliverstov, head of the department for the management of commercial real estate company Kora-TK: Entering the new facilities on the market today is not much obrushit market prices prevailing at the date. If a shopping center will focus not on the market, but at prices that would like to see the investor, then yes, the problem may be, as in Greenwich. If the price will be set market, the commissioning of new facilities are not heavily affect the market, and napolnyaemostyu tenants will be all right According to Paul, in the near future even happen growth of the best sites. And this is related to entering federal players, and Moscow’s foreign trade companies. At the same time, graduation will be held at the premises of category A, A +, B, C and so forth, as in large cities. Prices for rooms with a good location to grow. The cost to other falls.

A similar opinion Natalia Korchuganova, Director Panacea, considers that the average rental rates for retail space down to 30% that is due to the fact that increases the number of shopping centers: Those facilities that will be introduced in this and the next two or three years, will be in demand and will find its customers, for rental rates and investment. However, already changing the requirements for office and retail space, the entrepreneurs want to Superior, more interesting environment. Here’s this new sites to developers, investors and worth paying attention .

The need for careful consideration of projects and said the team leader of investment operations branch VTB in Novosibirsk, Sergey Zemtsov and expressed confidence that everything will be fine and that any multipurpose facility for the Urals can pay off, provided that it would be quality. We believe – said Sergey – that can reduce their risks, even though now built many new facilities, if built conceptually clear shopping centers, with the Siberian or Moscow consulting firm. And another important point – there is nothing to sell, if it comes to shopping mall. Because, when at least five areas are sold, the management company having problems with the management. Moreover, the object which belongs to several owners, lower grade than the same object, but by one owner. If these conditions are met, it risks falling.

Opinions were roundtable on the prospects of the market divided, but with the concern of all power.

An important constraint on the market that encourage higher prices and increasing financial risks to the round table participants was named position of authority and bureaucracy. Alexander Filatov, Ltd. AlyansRegionLizing: When initially reviewed the transaction translation of non-residential floor space, turned to real estate agencies about assistance in this direction, and we called the timing about a year and two years. In Novosibirsk, when asked a similar question, saying: Week Three. Date of issue – it is not feasible! Such round tables should be conducted on the level of government. Because all are waiting. We have a project where land is not formalized, but we admit it, and the project involved the lessee, who said: Guys, the problems will not be because I have their relationship, so I have something I druzhu, and I pledge to completely make over half the land on you . We very much this development in the Kuzbass, relations are based on personal interests and personal tie. We are ready to shift the risk to the lessee. But this problem must be addressed, and can only deal with the authorities themselves.

The same problem addressed and Sergei Zemtsov, OAO Vneshtorgbank branch in Novosibirsk: For us, both for the bank, it is important to reduce delays in obtaining permits documentation. In order to offer some advanced products need to get approvals cleared some attributed the timing and procedures for obvious . Many of the authorities accumulated and Andrew Verhoturova, director of Agency’s daily news: When they decide the issue with the administration? When they put 20 girls in the notorious Room 108, and there navedut order? When the work principle of one window, which is declared by the Management Committee of State property? Extends even to what is now the Committee for the Management of State property is not at all incoming documents, does not register, because the instruments need to keep as a policeman! That is, you have to bring a folder of documents that you have agreed for years, and you say: Leave a policeman!. What is the responsibility? What is included? When the answer? No one knows!

Closing roundtable discussion on what can be done to simplify and accelerate the design of mechanisms allowing documentation. Victor Gunin, Inc. “Mechanics growth Leasing officials said little interest in promoting the project: In the usual administration official sits, and he is not interested in the economy of the project and did not understand that there will be. Why him? Until today, there is a system of governance, the more uncertain the same risks, higher rates of financing . Alexander Filatov, Ltd. AlyansRegionLizing invited to connect Chamber of Commerce and Industry, both in Novosibirsk, where biznesroientirovannaya Chamber of Commerce and Industry to help solve business problems. On the basis of individual complaints – it may lead to nothing – said Alexander, – a need for such structures, which would communicate to the authorities, but even better would be the government. Chamber of Commerce and Industry should, and even obligated to do so because it was created for this purpose . Paul Vysotsky, Ltd. KLP-Invest suggested that begin with the fact that all major developers with experience in lending, including real estate agency and so on, based on his own experience, first wrote a mechanism as to simplify all these procedure. Because the bureaucrats themselves, they do it will never be.

Either way, but commercial real estate Sale is actively developing, and in spite of everything, in the next 3 years in our city a few new interesting projects, but in the meantime, perhaps the administration in the public sector will be established.



Quick Property Sale

There are two ways to pursue Commercial Equipment Leasing – either you try to get that loan from a traditional lender like a commercial bank or you pursue loans from non-traditional lenders. The difference is that traditional lenders like a bank will require you to produce evidence of a very good (even excellent) credit score and that you have a history of being a good borrower (meaning, someone who pays loans on time.) In itself, this is not bad since most banks are secure lenders. The problem lies in the fact that if you pursue commercial equipment leasing with your bank, you are actually eating away at your own credit line with the bank. For each commercial equipment leasing transaction you take out, a portion of your credit line is used up (as recorded by the leasing department of the bank.) This is because any transaction you make with the bank will be counted as part of your cash borrowing capacity or term leasing activities.

Another mistake many small business owners make is to mix up their personal credit lines with their business credit lines – which should never be. Although your personal credit score, credit rating, or credit history will show a lot about you as a personal loan borrower, it does not adequately show how you perform as a businessman – for that, the bank or other lenders will have to examine the company’s own credit history instead.

What you should also bear in mind about pursuing Commercial Equipment Leasing is that you should also be scrutinizing the lenders themselves before you submit yourself and your company to scrutiny. Take into account the attitude of the staff towards you, and ask about the level of experience the lender has had with this type of business loan. There are certain lenders who will only allow companies operating in a specific industry to get Commercial Equipment Leasing from them while other lenders lend to almost all companies, provided these are financially sound.

It would be nice if you had contacts among the owners or managers of other similarly-sized companies and ask them for referrals to lenders. These small company owners or managers will be able to give you insider info on how these lenders operate, how they were treated during the loan processing process, and the experience of the small company owners or managers with making payments on the Commercial Equipment Leasing loan. A crucial question to ask your contacts is: if you need to, would you ask for a Commercial Equipment Leasing loan from the same lender or choose another?

If you do succeed in getting through the initial steps of securing a Commercial Equipment Leasing loan, try asking what payment options are open to you from that preferred lender. Do they require fixed monthly payments alone, or can you be given the skip lease option (which means you can stop paying during lean months when company earnings are weak)? Another option is a step-up lease payment plan, meaning you start paying low amounts then move up to the higher payment amounts incrementally. The lender might also have what is known as a 60-day deferred commercial equipment leasing plan that doesn’t ask you for a downpayment but will defer your payments for two months. Its counterpart is the 90-day commercial equipment leasing plan that will defer your payments for three months, and also needs no downpayments.



Real Estate Professionals