Ex-Banker Discovers Loophole
for Funding Commercial Loans

My name is Kevin Reading. 

I started my career in Commercial Lending over 25 years ago in Columbus, Ohio.  I have been involved in Real Estate, Real Estate Investing, and Mortgage Lending for more than 18 years.

Never before has it been more difficult to obtain financing on commercial properties than it is right now.  During the early 2000s banks behaved in a very risky manner. Anyone breathing could get a business loan. Often secured by the real estate owned by the business. The assumption with business real estate was the same as residential – values would continue rising to keep the loans secure.

In a rising real estate market, the lender was fully secured even if they had to foreclose…. But that’s not what happened. The real estate market went into a price free fall that continues today and will continue for the foreseeable future.

All of the major banks that took the government bailout are strengthening their balance sheets in preparation for the tsunami of business mortgages and loans that are defaulting. They don’t have the money to loan.

The Solution When Banks Won’t Lend

What happens when your commercial property note comes due?  In the past you could renew it, and roll it over for another term.  But where do you turn when the bank calls the loan due?

I have an affiliation with a group of non-bank lenders who are lending on commercial projects, even when the banks say No!  These are highly capitalized direct lenders.  These are not brokers or middlemen.

If you have a viable project that you need to finance, I can introduce your project to them to look at.  You can contact me at 803 407-9040  or kevin@kevinreading.com