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Ron Peterson
  • Rosedale, NY
  • United States
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Profile Information

What is your company name?
Omega Realty Commercial Financing Services
Are you currently a member of the Real Estate CyberSpace Society? If not, that's OK - you are still welcome to join this special network. We hope that you will join the Society soon
NO
What real estate specialties do you engage in? (Check any that apply)
Residential, Commercial-Investment, Mortgage Financing
What is your PRIMARY real estate specialty? (Pick one)
Commercial-Investment
Which of the following best describes your position?
None of the above
How many years have you worked in real estate?
10 - 15 years
Tell us about your professional experience and goals:
Connecting principles with private investors to finance commercial real estate purchases or development opportunities.

Ron Peterson's Blog

What Are the 7 Biggest Mistakes Commercial Borrowers Tend to Make?

Sometimes a new client will ask what issues tend to come up again and again during the commercial mortgage financing process and what mistakes they should try to avoid. Here are the top seven mistakes that come to mind. As you’ll see, most of these fall under the general topic of “timing is everything”:



1) Searching too hard for the “bottom” when choosing the moment to lock an interest rate-focus on the monthly/annual payment being within your target range. DO NOT focus on…

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Posted on June 4, 2012 at 10:33am

MBA Sees Commercial Mortgage Origination Up 17 Percent This Year

The Mortgage Bankers Association predicts that $230 billion of commercial mortgages will be originated next year, up 17 percent from the $196.5 billion of loans that were originated lastyear.

In the trade group's first such projection, it said origination volumes would climb annually after this year, hitting $290 billion in 2015.

This year's projected increase in origination activity will boost the universe of mortgages outstanding by 2 percent to $2.4 trillion this year and to…

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Posted on June 4, 2012 at 10:31am

When The Traditional Banks Say No, Where Do You Go?

The current economic climate has resulted in tighter lending by traditional banks and less money for real estate investing. Private Funding is taking over where traditional banks have left off private lenders have a much greater flexibility, can offer more creative methods of financing and are definitely open to negotiation. They usually have lesser requirements compared to traditional sources. These investors look for higher than normal rates of return which would mean you…

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Posted on June 4, 2012 at 10:15am

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