Because financing plays a crucial part in every deal, we’ll give you an in-depth understanding and insights about commercial loans. Today, Michael Coffee answers the top questions we may have in mind about this funding strategy, available commercial loan products in the market, and advice on acquiring loans with the right lender. Tune in and use this episode as the roadmap to your deal success!
Key Takeaways to Listen for
- Differences between commercial loans and residential loans
- Loan products available for commercial real estate investors
- How to prepare yourself for the challenges of acquiring commercial loans
- Predictions about the lending industry and interest rates
- Loan reserves that provide lenders security
- The importance of working with the right lender and loan originator
Resources Mentioned in This Episode
About Michael Coffee
Michael Coffee has been involved in commercial real estate for almost 20 years in various capacities. He started as an analyst, being responsible for reviewing transactions and coordinating with the lender to pack and document the loan file. Over a 10-year period, Michael applied his problem-solving skills to these transactions to help facilitate loan closings. That experience led to Michael’s transition from packaging loans to origination.
Few loan officers have the knowledge depth given their history with every facet of the loan process. It sets him apart and makes him uniquely qualified to review loan scenarios for clients. Michael has lived in the Pacific Northwest his entire life and currently resides in Central Oregon with his wife and 2 children.