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How to Improve Funding Your Commercial Development Pacific Investment Management Fund In today's frozen credit market it is nearly impossible for many real estate developers, investors and principals to get their projects funded. Hundreds of potentially successful projects that will help create thousands of jobs and propel this economy out of its current recession are being wrongfully denied due to the frozen credit markets. I sat down with Vice President Brian Joseph of Orange County's Pacific Investment Management Fund to better understand what a borrower can do to improve their chances in obtaining funding. [VIEW ARTICLE]Comments RSS Feed For This Article: 2
Subject: GOOD INSIGHT This article has some great insight, it's good to see there are real lenders still funding loans today! Comment provided October 6, 2009 at 1:18 pm
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Subject: I Received Funding! I am so happy to attest to this, I am a home owner that had been seeking financing for my home in Newport Coast for 6 months, and all I received was promises, but no funding. My broker was referred to Pacific, through Countrywide, Bof A, as none of the current lenders out there wanted to fund my loan because I needed a stated income approval, even though I was at 50% LTV, cash out. Pacific Investment Managment, got me a 4M loan with 500K cash out and they closed in 3 weeks. This has saved my business and life. Comment provided October 13, 2009 at 5:42 pm
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Subject: GOOD INSIGHT
This is a very helpful article. I am a developer and I could not agree with these assessments more. Glad to see there are REAL lenders still funding loans today.