Aug
17
Have the standards for securing a Commercial Loan changed as the home mortgage loans?
By
Is it going to be more difficult to secure a 800K Commercial Building loan than say 6 months ago? I will be in the market for that kind of loan in the next week or two and haven’t a feel for the market right now.
Sell and Rent Back
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1 Comments
August 19th, 2009 at 1:39 am
Commercial loans have not taken the same hits as residential. Underwriting for residential loans had become beyond ridiculous allowing everyone to get a loan, whether they could make the payments or not.
Commercial lending has been constant in its criteria, thus it has remained stable.