where can I find no appraisal commercial real estate loans?

Answer 1

Its possible to find one, but you have to look at different lenders and see what their conditions are for a no-appraisal commrecial loan. Try different lenders like WaMu, World Savings, BofA, etc. Talk to one of their loan officers.

Answer 2

You will not find a instutional lender or investor who will do such. The property is the security for the loan. The loan is determined from the value of the property and the cash flow. The only possible way I can think of that this might be done is you as a buyer pay cash for the property and do not get an appraisal.

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Answer 3

Paul, Gently might I respectfully remind you that the present loan predicament was once triggered via "expertise truly property buyers and their industry who authorized better threat loans". A likelihood exists you would persuade a relative, private pal or man or woman who has been residing underneath a bridge the beyond 2 years to permit you the delight of being a estate flipper on this contining downward marketplace. Public and Private creditors right here (CA.) search a 50%+ LTV, a immense fairness role, co-signer with sufficient internet sales, large elements and maximum feasible authorized curiosity in a instantaneous confident coins flowing estate. There isn't any means they're going to permit you to make any cash..... Good Luck

Answer 4

No such thing. Look at it from the lender's point of view: would you lend $1,000,000 to someone when you have no proof of the value of the collateral (or that it even exists)? Would you lend $500,000? $50,000? I wouldn't...

Rick Lanicek
www.homepropertysolutions.com

Answer 5

ONLY IN YOUR DREAMS. no offense but why would a bank give you money against a (any) property without knowing the value of the collateral you are willing to give them.