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Follow on Google News | New Prequalification Owner Occupant Spreadsheet, For Commercial Mortgage Brokers and BankersNew 13 page prequalification spreadsheet is now available through Commercial Finance Advisors. Spreadsheet is specifically for analyzing SBA, USDA B&I and conventional owner user loans.
Here’s a link to the spreadsheet: The spreadsheet was created by a 20 plus year veteran SBA lender – Craig Kaffenberger for his own use on transactions. This spreadsheet was designed specifically for SBA 7a loans, SBA 504 loans and other owner user transactions as it focuses on the Global Income of the borrower. Global Income refers to the borrower's real level of cash flow with accounting items such as depreciation, loss carry covers, one time capital expenditures, etc., taken out, and factors in ALL of the borrower’s sources of income and expenses throughout all business, investments and personal expenses. Link to our top SBA Lender List: http://www.cfa- “As many readers may know, calculating Global Income is one of the most complicated prescreening and underwriting tasks in the business. If you have ever tried to underwrite a borrower with four businesses, three real estate entities and a partner, for example, you already know how hard this can be. Using this spreadsheet makes the task much easier and much more accurate.” Comments Jeff Rauth, President of Commercial Finance Advisors, Inc. “In this market the last thing originators can afford to do is make the mistake of working on a transaction without really understanding if it’s doable. Global Income is paramount in today’s lending environment. By using this spreadsheet you will invest 30 to 45 minutes on the front end to determine if the loan has “legs” versus spending weeks (or months) on transactions only to learn later that they are not doable. It’s just plain smart to use a spreadsheet like this.” Continues Rauth. Overview of all of our products for commercial mortgage brokers: http://www.cfa- Jeff Rauth Commercial Finance Advisors, Inc Commercial Real Estate Loans 261 E Maple Rd Birmingham, MI 48009 248 885-8797 (p) 866 337-3141 (f) http://www.cfa- # # # About Commercial Finance Advisors, Inc.: Jeff Rauth is a Commercial Mortgage Broker and President of Commercial Finance Advisors, Inc. out of Birmingham, Michigan. He specializes in Commercial Real Estate Loans between $400,000 - $10,000,000. Offering unique loan programs such as Long Term Fixed Rate Loans for Owner-Users and Investors, SBA Loans and USDA B&I Loans, among many others. For more information call 248-885-8797 or visit http://www.cfa.commercial.com. End
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