California Real Estate Opportunities

The California real estate market is a buyer's dream, to say the least. Nowhere has the housing downturn been more pronounced than on the East and West coasts, where historically high home prices have taken a nosedive in comparison with the Midwest. And it isn't just single-family home prices that have cooled, either. Buyers seeking condominium and multifamily apartment loans can expect the same favorable pricing. If you're in the market for multi-family or luxury residential real estate, we invite you to browse the listings of our California properties in Los Angeles and San Diego, California.

Despite the current buyer's market, it can still be tricky to get restaurant and hotel financing. Lenders have less confidence in the success of these operations in some markets, and closely scrutinize these borrowing situations. But, borrowers must also examine lenders closely as well. We recommend considering a few features of lending institutions to narrow down your choices to the best ones for your business:

• Deal only with brokers who can offer multiple quotes, especially if you're applying via telephone or online.
• Consider the size of the hotel finance lending institution. A lender must be large and stable enough keep pace with your borrowing needs.
• Look for flexibility. Make sure your lender can handle more sophisticated services you may need for future business.
• Choose a lender with the insight to recognize not only your assets and debts but also your potential.

Finally, lenders with a long-term philosophy of supporting your type of business are more likely to remain committed to your success. The same goes for loan portals like mCLQ, which specializes in commercial and luxury properties financing.

Remember that while lenders are competing for your business you, too, are competing with other borrowers for sometimes limited loan dollars. Competition is especially stiff for multifamily apartment loans and financing for other income-producing properties. These commercial properties require big-ticket financing from a lender that understands the market and the borrower's needs. For more information about hotel finance lending and multi-family lending, consult your mCLQ representative.