Peter's Real Estate Thoughts

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Real Estate Agent - Maclennan Investment Group, Inc. - CalBRE# 01801793
Peter is a real estate sales and investment broker in Walnut Creek, CA. His firm, Maclennan Investment Group, specializes in working with clients seeking to maximize their investments in real estate.
RECENT BLOG POSTS
It is not often that borrowers enjoy using a hard money lender to finance their projects. However situations do arise that demand the services of a commercial hard money lender. Let me illustrate this point with a story.A few nights ago, one of the sinks in our house was plugged. Because I am a f...
04/09/2008
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California this year may actually play a role in the presidential nominations. 
02/05/2008
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The week has been a whirlwind. I worked on sending out two applications and worked on sending out a loan closing package.The process here is streamlined but there are a lot of T's to cross and i's to dot. The loan was very complex with many moving pieces and a somewhat moving target.  I am glad t...
02/01/2008
As a commercial hard money lender I have to be good listener. The reason is that everyone has a story to tell about their need for money. Some stories are better than others. What should you include in your story? Introduction A good literary story introduces you to the characters, the setting, a...
01/17/2008
Just curious to know what groups you visit frequently to prospect clients. Do you attend the Urban Land Institute? Building Owners and Managers Association? NAIOP? ICSC? Local Chamber of Commerce? Toastmaster's? Lion's Club?Rotary club?Which do you find most valuable for meeting clients or gainin...
01/02/2008
I get at least one phone call a day requesting construction financing. (Owens Financial Group does fund commercial construction projects on a limited basis.) Underwriting a construction loan is handled differently than a typical commercial loan. Lenders desire to know that a developer has enough ...
01/02/2008
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Not many mortgage brokers live consistently in the world of hard money. It is a subject despised by some and feared by others. When I call on brokers for the first time, many of them report, “We don’t do that here.” I believe commercial mortgage brokers, often times, don’t understand the role har...
12/27/2007
Commercial real estate is a great addition to the savvy real estate investor’s portfolio. One of my previous employers said that he would only invest in commercial real estate and not in residential. He reasoned that commercial real estate that housed a business would always be better maintained ...
10/30/2007
How Commercial Mortgages are Underwritten Commercial mortgages are underwritten differently than residential loans, hence the loan package needs to be assembled in a different fashion. When dealing with improved commercial real estate the property's net income is the most important factor in unde...
10/23/2007
Most commercial real estate agents don't consider the need to have a source for hard money. Owners and investors in commercial real estate are often well capitalized and have a bank relationship that allows them to finance commercial property with ease. Because of this,commercial REALTORS® do not...
10/19/2007
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Peter Maclennan

Real Estate Sales & Investment Broker
local_phone(925) 385-8798
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Peter Pays Paul - Commercial Hard Money Lending