It was hot and dusty in the wide open street. The steely-eyed man with the badge standing in front of the small retail center was perfectly still, totally focused on the bank underwriter who had stopped his scribbling on the yellow pad. The underwriter looked scared ... very scared as the Sheriff said: "Put the pen down, pahdner ... and put it down real slow-like."
OK ... so it's a bit dramatic. But there is a new class of lender in the small commercial loan market, one that I call "Hybrid Lenders." For loan amounts up to $1.5MM on commercial properties, we can get the Loan-to-Value (LTV) as high as 90% in some cases regardless of the property's cash flow. For those of you who have been in the business for a while, you might be somewhat shocked at that statement. View the rest of this article
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