Commercial Loans

Fed Widens Effort to Back Commercial Real Estate Loans by  Neil Irwin, Washington Post Staff Writer, Wednesday, May 20, 2009

Land purchase is considered to be a "commercial loan", and with today's required 35% down, very few lot and land deals are being closed.  We need to get the "rules" changed from a 35% down to 20% down. 

Land is ALWAYS going to be the BEST investment.  Why, you ask?  "They" are not making any more LAND.  We have got to free up the commercial money that is available for loans.  Once you have the land purchase, then you have the construction/development following, then the mom and pop operations.  It was recently announced that 50% of the businesses owned in the USA are "mom and pop" operators.  Don't punish the folks that are credit worthy...allow the money to be available and get the cycle moving again.

nancy@callnancyfurst.com