Question: need help asap please and thank you !! For this discussion, you will consider a new loan application for a commercial real estate purchase and
For this discussion, you will consider a new loan application for a commercial real estate purchase and discuss how you would formulate a lending decision for this request. You will also consider the best type of loan to use based on the borrower's investment goals. Topic: The Commercial Loan Application Instructions: Respond in your first posting to Part 1, in your second posting to Part 2 , and then respond to classmates in your third posting. Scenario (fictional): You are a banker reviewing the application for a loan for a commercial property for an investment group but represented by a special entity named LTB, LLC in the promissory note. Part 1: - How would you proceed, and why? - What information would you need to obtain from the borrower, and why is this information important? - What are the implications for the investors? Explain. Part 2: - What are the most common types of long-term mortgages used in commercial real estate? - How can each of these loans be used to lower borrowing costs based on investment goals? - What are the pros and cons of each
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