Crown Commercial Finance

08/09/2024

I don't blame commercial owners to wait until the rate hopefully drops next month however, it takes time to find the right lender and get your package approved. I figure rates will have dropped by then and now you could lock in the rate.

In any case, I hope commercial property owners are preparing to pay down their mortgage if needed should they need to refinance from 5 years ago. If you leveraged your property, you should see what you need in order to refinance without coming to the table with funds.

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03/27/2024

Let's refinance your commercial property with a Credit Union, if the rates go down, you can refinance without a prepayment penalty.

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01/20/2023

Hey, here's a question: Who pays for repairs, the tenant or the landlord?

The responsibility for paying for repairs generally depends on the terms of the lease or rental agreement. In most cases, the landlord is responsible for maintaining the property and making any necessary repairs, but the tenant may be responsible for certain repairs or maintenance tasks, such as keeping the unit clean or reporting any issues in a timely manner. It's best to review the lease or rental agreement to determine who is responsible for repairs.

So the answer is...consult your rental or lease agreement.

01/19/2023

Here is Southern California, I'm seeing rates in the 5.45% to 5.75% range for a 5 year fixed rate loan. These come with prepayment penalties, but, I have a credit union at 6.03% with no prepayment penalty. When rates hopefully go down in 2 years, hopefully not that long, but if and when they do, you won't have the expense of the prepayment penalty to contend with. Therefore some serious thought needs to be given to see if the higher rate can be more beneficial in the long rung. For that, call me and let's see!

01/06/2023

So what's my job: The Commercial Mortgage Officer assists in originating and underwriting commercial loans for investors. They help to evaluate the property and operating statements in order to qualify the client for commercial financing and investment. They search for financing for commercial real estate, as well as process loan packages bank wide on behalf of clients.

06/17/2022

BOMBSHELL!!! The conversation between Johnny Depp and Amber Heard had at the end of the trial has been leaked! The transcript reads:
Heard: Johnny... Hey! Can you turn around and look at me?
Depp: (bows his head)
Heard: Let's talk Johnny... Talk to me.
Depp: (Turns to his lawyer, and his lawyer shakes her head)
Heard: I have something to talk to you about.
Depp (with his head still down): I have nothing to talk to you about.
Heard: Please, look at me!
Depp: Good bye Amber.
Heard: Tell me something Johnny, do you still love me?
Depp: (Keeps quiet)
Herd: Do you still love me Johnny?
Depp (lifts his head, looks her straight in the eyes and says): Amber, this might be the last time we ever speak, so please listen to me very carefully. If you ever are in need of commercial or residential loan Call Crown Commercial Finance @ 714.369.8442

06/14/2022

Crazy world huh? Look, we're going to be in a period of disappointment with mortgage rates, both residential and commercial. But the world goes on and basically we're back to 2018 rates in the commercial world. They weren't too bad historically.

We just got really spoiled with two and three percent rates. But now we have to realize those days are over for a while if not forever. It was a moment in time if you were lucky enough to get in great! I only hope that values hold up with higher rates, but that to might be a unicorn.

03/22/2022

Yep, rates are on the rise. I was talking to a past client who I refinanced his home May of last year at 2.625%. Now that rate is 4.365%.

On the commercial side, loans I quoted at 4.10% last Friday, are now 4.39%.

But, on a positive note, these rates are still in the lowest range we enjoyed in History. I wouldn't be surprised to see a drop in values soon.

01/12/2022

Call Now for Jumbo Pricing.

01/10/2022

Let's see if I can eliminate Mortgage Insurance for you. Call Now!

12/17/2021

Crown Commercial Finance has several lenders for jumbo loans. Let's find out which one is the best fit for your needs.

12/10/2021

Just had the pleasure to help a young man close on a 48 unit apartment in Las Vegas. He's 32 and worked hard for the last five years to get to this point. It's so great to see, and be a participant in, someone's success. Of course now, he's got maintain it! :-)