The commercial real estate
market in the United States exceeds $4 trillion in size,
and a great deal of capital is available in the lending
community to finance business expansion.
USExpress provides lenders with attractive,
Commercial lenders come to USExpress to access
opportunities for financing properties such as office
buildings, industrial facilities, apartment complexes,
townhouse developments, residential subdivisions, strip
malls and shopping centers, hotels and motels, mobile
home parks, nursing homes, medical buildings, golf
courses, mixed use properties, restaurants and more.
USExpress provides borrowers with the means of
USExpress borrowers are dependable entrepreneurs who
require funding at various stages of the business cycle.
They come to USExpress for commercial real estate loans
for construction, refinance or purchase.
Business owners use existing equity in commercial
real estate to restructure debt, upgrade property and
arrange for additional commercial investments. Some are
seeking to acquire, develop, build or upgrade commercial
property. Others are repositioning a business in the
market or restructuring its ownership or debt for growth
USExpress helps these borrowers take advantage of
business opportunities as the opportunities occur. When
government regulations or institutional loan policies
limit the ability of "brick ‘n mortar" banks to provide
financing in time USExpress fills the gap with
commercial real estate loans, secured lines of credit
and construction and development loans—online and on
Adjustable Rate Mortgage:
where the interest rate adjusts periodically up or down
through a set index. Also called a floating rate
When a rental
apartment building is converted to individually owned
remodeling of an older apartment building.
Adjustable Rate Mortgage
financing that is a promise to repay the principal along
with interest on a specified date.
which is expected to be paid back relatively quickly,
such as by a subsequent longer-term loan. Also called a
A net yield
set by an investor to determine the value of an income
to an institutional lending source
A type of
common property ownership, such as when the residents of
a multi-unit housing complex own shares in the
corporation that owns the property, rather than owning
their own units.
organization that obtains it source of funds from the
A loan to
provide improvements to the property.
Coverage Ratio: A 1.0 means breakeven. The ratio is
calculated by taking the net operating income and
dividing it by the mortgage payments. Most lenders look
for a ratio of 1.25 or higher.
raised from owners. In a commercial real estate case, a
lender will also provide equity capital for a percentage
congressionally chartered corporation which buys
mortgages on the secondary market from Banks, Savings &
Loans, Etc; pools them and sells them as mortgage-backed
securities to investors on the open market. Monthly
principal and interest payments are guaranteed by FNMA
but not by the U.S. Government.
Housing Administration, a government agency
where the interest rate is set for the term of the loan.
Floating Rate Mortgage:
Adjustable Rate Mortgage
promise from a lender to provide a loan at a future
Loan Mortgage Corporation) Entity buys loans from
conventional lenders and packages them for sale to
investors as securities.
Urban Development, a federal government agency.
A person or
organization employed by an individual, insurance
company, pension fund or mutual fund to manage assets or
provide investment advice.
or institution which acts as an underwriter or agent for
corporations and municipalities issuing securities, but
which does not accept deposits or make loans. Most also
maintain broker/dealer operations, maintain markets for
previously issued securities, and offer advisory
services to investors. also called investment banker.
see also bank, commercial bank, originator, syndicate.
arrangement in which a bank or vendor extends a
specified amount of unsecured credit to a specified
borrower for a specified time period.
Value: Proposed loan amount divided by the value of the
venture capital financing.
permanent financing, usually 3 to 5 years.
that makes loans with its own money and them sells the
loans to other lenders.
that arranges loans for borrowers.
A type of
mortgage where the lender receives a percentage of the
gross revenue in addition to the mortgage payments.
paid by the borrower. One point is 1% of the loan
A charge for
paying off a loan before it is due.
rate set by commercial banks. Many banks will use the
Wall Street Prime rate. This is a rate set by the top
leading banks in the country.
will classify a property by its age and needed
maintenance. As an example many insurance companies will
only loan on properties that are class A, meaning that
the properties age is 10 years old or less and is not in
need of repair.
A loan for
which the borrower is personally liable for payment if
the borrower defaults.
Investment Trust) Pooled funds that purchase and hold
commercial real estate.
When a lender
buys a property and leases it back to the seller for an
extended period of time.
or state chartered financial institution that takes
deposits from individuals, funds mortgages, and pays
Business Administration, a federal government agency.
A mortgage on
real estate, which has already been pledged as
collateral for an earlier mortgage. The second mortgage
carries rights, which are subordinate to those of the
offer by a lender making explicit the terms under which
it agrees to lend money to a borrower over a certain
period of time.
refer to fees charges to pay for third party costs like
Attempts to resolve a problematic situation, such as a