Is your current bank under FDIC management? You’ve been given a discount on your current commercial mortgage and you’ve been asked refinance with a new lender?
Now you’re thinking, wow the cash flow has doubled because my bank has offered me 40% or 50% discount on my current mortgage.
After applying with a number of banks for a refinance you soon discover that your commercial loan is considered non-conforming and keep getting turned down. Even though, you’ve never made a late payment, the appraisal quantifies the value and the property is in a great neighborhood, with full occupancy.
What happened? When you current bank discounted your commercial mortgage and then asked you to refinance with a new lender. They increased the risk profile of your mortgage, hence if your lender does not want you as a customer the other banks will not want you one as one either.
Now you’re in crises mode. You need to get your commercial mortgage refinanced before your bank calls the mortgage and then either sells the discounted note or worse auctions off your property at a Sheriffs sale.
You are now in what’s called the secondary market and will need to be refinanced through a hard money (private capital) firm.
You’ve heard the stories and read the blogs on the trash sites and you want no part of a private money lender. What are you going to do?
There is a company out there, its Winston Rowe & Associates. They are a nationwide no advance fee commercial real estate advisory and finance firm that specializes in private money, conventional and agency commercial mortgages.
When experience is important and timing is crucial. Contact Winston Rowe & Associates, a principle is always available to speak with prospective clients. They can be contacted at 248-246-2243 or email them at firstname.lastname@example.org
They also have many other commercial real estate financing solutions that meet almost every need. Check them out online at http://www.winstonrowe.com
Winston Rowe & Associates provides no upfront or advance fee commercial mortgages in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming