Three Types of Real Estate Loans


Trevor Cole Commercial Corp. pic

Trevor Cole Commercial Corp.

Trevor Cole Commercial Corp. specializes in providing small businesses and corporations with a wide range of money-lending solutions. Catering to players in the real estate industry, Trevor Cole Commercial Corp. offers support for closing financing transactions.

There are several types of real estate loans you may be eligible for. Here are three:

Conventional loans 
These are the usual loans offered by banks and mortgage lending institutions. Before giving these loans, lenders review a number of factors, such as the borrower’s credit score, income, assets, and debts. Borrowers typically must come up with a down payment of about 20 percent of the purchase price.

Conforming loans 
These instruments comply with guidelines from federal agencies such as Fannie Mae and Freddie Mac. The guidelines relate to factors such as the maximum loan amount and the borrower’s loan-to-income and debt-to-income ratios.

Hard money loans 
Can be obtained relatively quickly and have less-stringent requirements but are offered by private lenders at high interest rates.


Structured Finance


Structured Finance pic

Structured Finance

Structured Finance – Basically if a client does not have sufficient equity in its real estate, business, etc.

Trevor Cole can combine that Company’s assets and revenues to make the proposed loans work.

Trevor Cole can advance against business receivables, inventory and equipment used as collateral. They can also advance against the business revenues in many cases without collateral requirements.

Trevor Cole is your place for handling the difficult loans that other companies cannot, or do not provide for consideration. As clients have said, “If Trevor Cole can’t close the loan, then the loan can’t be done”!

The Types of Loans Available to Small Businesses

Small Business pic

Small Business

Focusing on non-conforming loans, Trevor Cole Commercial Corp., also offers a full range of lending options for those unable to meet the customary banking industry’s limited guidelines. With an emphasis on real estate, as well as an extensive range of services, to achieve results. Trevor Cole Commercial Corp. has the experience in arranging business loans of all types.
Some of the common reasons that companies looking for loans, requiring funds, include covering the costs associated with starting up, augmenting operating funds, and making capital investments. Unsecured loans typically rely on their business’ credit ratings, while secured loans usually employ collateral in the form of company assets. Startup loans often require a combination of the loan principals putting up personal assets as collateral and for setting in place a compelling business plan.
as well
One short-term alternative lending solution is a line-of-credit loan. This loan type, helps smooth out periods in which cash flow is insufficient, typically, involving higher interest rate loans may be secured through business inventory, and are ideal for companies that are able to accurately manage their money, and pay back loans on time.

What Are Non-Conforming Loans?

Trevor Cole Commercial Corp. pic

Trevor Cole Commercial Corp.

Trevor Cole Commercial Corp., Inc., specializes in providing small businesses and corporations a wide range of money-lending solutions, including non-conforming loans. Based in New York, New York, Trevor Cole Commercial Corp. serves clients throughout the United States.

Certain criteria qualify a potential borrower for an advance when applying for a loan at a bank. If they meet the criteria, which is outlined by government-sponsored agencies, they will secure what’s called a conforming loan.

If they do not meet those loan standards, another lending option includes what’s called a non-conforming loan. Typically granted by institutions that are not banks, non-conforming loans allow for individuals or companies with poor credit to obtain capital for the homes or projects.

They also enable those with excellent credit to secure capital with a higher limit, than that of conforming loans, enabling these borrowers access to greater loan amounts.

In contrast to conforming loans, non-conforming loans may not have as low of interest rates. These such loans may require underwriting guidelines that differ. However, Government-sponsored agencies do not back such loans. Moreover, may require larger down payments upfront, additional fees, and tougher underwriting rules.

Collectors Can Obtain Loans Secured by Their Art


Art Loans pic

Art Loans

Trevor Cole Commercial Corp works with commercial businesses and individuals to help them secure funding for a range of endeavors, including real estate development. Additionally, Trevor Cole Commercial Corp assists borrowers in obtaining loans backed by assets like collectible art and jewelry.

Collectible art is considered an asset. While the process of acquiring such pieces can be costly, the investments can fetch larger sums in the long run. Such assets can also be used to help fund various projects, like business and real estate investments, if the collector takes out a loan against the art.

For these reasons, there are banks and other lenders that provide small loans secured by collectible art. As part of the process of obtaining such a loan, insuring the art can protect both the lender and borrower in case of theft, damage, or default payments, should the lender allow the borrower to keep the art in their home while the loan is being repaid.

In most cases, these loans are only available to those with significant collections worth more than $1 million, although some companies specialize in short-term loans against art valued at lower amounts.

Proper Management of Accounts Receivables

Trevor Cole Commercial Corp. pic

Trevor Cole Commercial Corp.

Trevor Cole Commercial Corp is a commercial structured finance company based in New York. Committed to offering a full range of services, Trevor Cole Commercial Corp advises clients on balance sheet assets and accounts receivables.

Accounts receivable management involves three things: assessment of the creditworthiness of potential customers, setting of suitable credit terms, and setting up efficient cash collection systems. This article will focus on the first two.

Before extending credit to a customer, a business owner must ensure the customer is indeed creditworthy. There are a number of ways to verify this. The first is a bank reference. Ask the customer’s bank to give a statement of fact on the customer’s creditworthiness. Another way is by asking another company that deals with the potential customer for a statement on creditworthiness. A credit reference bureau could give more detailed information on a customer’s credit history. If the customer is a company, check its most recent financial statements to get an idea of its total assets, loan book, and annual revenue.

If the customer is credit worthy and you give the person or entity credit, ensure the terms of the credit are clearly defined. This includes details such as the repayment period, discounts for early payment, the interest charged for late payment, and consequences of default. It is wise to have a credit limit for each customer. Do not give credit past this limit until a trustworthy relationship is established between the two of you.

Conforming Loans versus Nonconforming Loans