1. Conservatively underwrite your loan. Make sure your deal is underwritten conservatively i.e., 75% LTV or less, 75% LTC on const., 1.2-1.25:1 DSCR, substantial preleasing if applicable, liquidity, limited cash back if any, real cash and time tested equity in the deal. Land is extremely tough, but can be done.
2. Find the right Lender. Just because you have a conservatively underwritten loan does not mean it's easy to find a lender in today's market. Banks are really the only game in town and you need to know what is going on inside that particular bank as far as their current lending policies. A bank's appetite for loans changes sporadically based on the quality, make up of their loan portfolio and evaluations they get from bank regulators. Currently most lenders are going through major scrutiny from regulators telling them the sky is falling and they say commercial is the next shoe to drop which has caused a panic to only lend on gold plated deals if any at all. The Banks that are relatively healthy will be more aggressive to make your loan, on the other hand, the Banks that are being hammered by the regulators have been told to not make certain loans regardless of how conservative they are. So it's your job or the job of your broker to find out right up front where the bank stands on really what they will do and won't do. So don't assume just because a lender says they do commercial real estate loans they will do yours TODAY. 
   

The quickest and easiest way for you to accomplish the daunting task of funding a commercial real estate loan TODAY is to have an experienced mortgage broker tell you up front who is making loans and what kind of loans are being made by whom. This can save you a lot of time which is money. So call Cornerstone Commercial Mortgage where we can help you get your deal done. Call us today.