Commercial Property Loans Wilmington NC

Funding a commercial property loan in today's market in Wilmington is no easy task. Banks either are scared to lend or worse, face their own liquidity issues. Many borrowers are running around, scrabbling for options, often baffled by what their local banks tell them.

SunTrust - Oleander Branch 531&537
(800) 786-8787
3904 Oleander Drive
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact SunTrust for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
First-Citizens Bank & Trust - Pine Valley Branch
(888) 323-4732
3624 South College Road
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM. This fee only applies to accounts opened in NC, VA or WV. (Fee does not apply to all accounts.)
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Wells Fargo - Wilmington-Myrtle Grove Branch
(866) 245-3452
5501 Carolina Beach Road
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
TD Bank - Oleander Drive Branch
(888) 751-9000
3512 Oleander Drive
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
SunTrust - Landfall Branch 530
(800) 786-8787
1979 Eastwood Road, Suite 100
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact SunTrust for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
BB&T - Pine Valley Branch
(800) 226-5228
4320 17th Street Extension
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 4 uses per month. (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
RBC Bank USA - Monkey Junction Branch
(800) 236-8872
5307 Carolina Beach Road
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $29.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2 fee each time you use an unaffiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact RBC Bank USA for details.
Services
Debit Reward Programs, Overdraft Protection, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - South College Road Branch
(800) 432-1000
3500 South College Road
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - University Branch
(800) 432-1000
502 South College Road
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
First-Citizens Bank & Trust - Downtown Branch
(888) 323-4732
315 Market Street
Wilmington, NC
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM. This fee only applies to accounts opened in NC, VA or WV. (Fee does not apply to all accounts.)
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Data Provided by:

Commercial Property Loans

Provided By:

Commercial Property Loan – In Today’s Climate

Author: jeff rauth

 

Funding a commercial property loan in today’s market is no easy task. Banks either are scared to lend or worse, face their own liquidity issues. Many borrowers are running around, scrabbling for options, often baffled by what their local banks tell them. Loan to values requirements have dropped, borrowers cash flow and liquidity requirements are up. 

We hear borrowers often make comments such as. “I’ve been with my existing bank for 30 years, never missed a payment… now they will barely take my call.” Or “my local banks are offering me decent rates but the amortization schedules are capped at 15 years. This will strangle my cash flow, and they don’t seem to get it.” This is a frustrating time for many business owners and finding palatable commercial loans is often difficult. 

Borrowers need to break away from the limitations that their local banks provide. There still are sources that have the capital and appetite to fund commercial property loans. In fact, some aggressive and well capitalized banks/lenders are taking advantage of these times and “swallowing” large chunks of their competitor’s market share. 

Commercial Property Loans - Solution

One of the best commercial real estate loan programs out there today, is the government backed variety. On refinances they can go as high as 85% loan to value, which is such a critical point, as property values continue to decline. Many borrowers that go with their local banks have a very unpleasant surprise when the $3,500 appraisal report comes in with a property value 20% lower than what was expected. The borrower has a dead deal, and 2 months of wasted time to show for his efforts. By being able to go up to 85%, borrowers hedge their bets on this issue.

Another major benefit of the government backed programs is a reliability of funding. This is one of those subjective issues, that's impossible to predict. For example, you may go with a local bank and your commercial property loan request may fit all of their guidelines, yet the bank declines the file. Why? They may give you some random reason that makes no sense at all. The committee may just not like the industry you’re in, your personal history or they may just have a bad feeling about the deal. Due to the economy this is happening more and more.

With a government guarantee, loans that fit the guidelines close. The level of subjectivity is much less. If it fit’s, it funds. 

About the Author:

Jeff Rauth is President of Commercial Finance Advisors, Inc, a national commercial mortgage firm. He specializes in Commercial Real Estate Loans between $400,000 - $5,000,000, nationwide. Most of his clients do not have the time, and need to get their loan closed. 248 885-8797 or at SBA 7a Loans or Commercial Real Estate Loans Physician Loans

Article Source: http://www.articlesbase.com/mortgage-articles/commercial-property-loan-in-todays-climate-956035.html