Mortgage Banking

Making sense of commercial real estate finance.

The Next Adventure

Posted by Jordan Crouch on March 28, 2009

My wife and I are traveling the United States. You can follow our adventures here;


Posted in Uncategorized | 4 Comments »

The Future

Posted by Jordan Crouch on March 5, 2009

This is my final day with NBS Financial. I have enjoyed learning, growing and working with of all of you. I will make sure you all have my new contact information very soon. In the interim, please feel free to email me at I will make sure we stay connected; your good will and knowledge will be much appreciated. Within the chaos and distress around us, there are and will be opportunities and I’m hopeful we can find new ways to help each other. I am sincerely grateful for your help and support during the last five years.


Posted in Uncategorized | 4 Comments »

Lender Questions

Posted by Jordan Crouch on January 20, 2009

Peter Maclennan recently posted the blog post “Nine Questions to Ask a Commercial Lender“. While it is directed to mortgage brokers, it is good food for thought for anyone currently in commercial real estate.

  1. What are your minimum and maximum loan amounts?
  2. Do you have a geographical limitation?
  3. What property types do you prefer?
  4. How long does your average loan take to close? What is the shortest amount of time you have personally seen a deal close?
  5. What is your maximum loan-to-value ratio?
  6. What is your minimum debt-service coverage ratio?
  7. What information do you require from the borrower in a loan package?
  8. What is the best way to contact you if I have a deal?
  9. What loans are you the most competitive on?

Posted in Finance 101, Lenders | 5 Comments »

2009 Will be a Great Year

Posted by Jordan Crouch on January 6, 2009

If you read the headlines, listen to others and mope about, this year will be exactly what you expect it will be…bad. But if you focus on the positive aspects of this market, there is the potential for 2009 to be a great year. What are those positives???

  • Lenders with Money – Though banks and others are on the sidelines, Fannie Mae, Freddie Mac, and Life Insurance companies are still lending. Each January Life companies get a new bucket of money to lend. They are not lending on every deal but for the right one, there are lenders out there. Fannie and Freddie are (for the moment) government controlled, so they won’t stop lending either.
  • Opportunities to Buy – With many Commercial Real Estate owners struggling, properties will need to be sold quickly or lenders will take them over. And since lenders are in the lending business not the property owning business, lenders will divest these properties as soon as possible. Someone with real estate experience and a solid team of experts (lender, RE broker, attorney, etc.) can take advantage of these opportunities to purchase real estate at a great deal.
  • Opportunities to Refinance – Rates are still at historical lows compared to a decade or two ago. If you are a property owner, the ability to lock in these low ratesĀ  for 10+ years is a fantastic opportunity. It is hard to say if/when rates will be this low again.

Posted in Capital Markets, Lenders | 3 Comments »

Monthly Seattle Events

Posted by Jordan Crouch on January 5, 2009

I’ve updated the list of events for January under the Events tab. If you know of something that is not listed, please let me know.

Posted in Seattle Real Estate | 1 Comment »