Comments on: Subprime problem not going away http://www.1stMillionAt33.com/2007/06/subprime-problem-not-going-away/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: marianne http://www.1stMillionAt33.com/2007/06/subprime-problem-not-going-away/comment-page-1/#comment-3094 marianne Fri, 13 Jul 2007 00:50:33 +0000 http://www.1stMillionAt33.com/2007/06/subprime-problem-not-going-away/#comment-3094 The residential use of subprime loans and stated income loans in the housing market should not negate use of these loans in the commercial lending space. Financial institutions like <a>Ocean Capital in Rhode Island</a> are doing quite well helping borrowers without the portfolio to be of interest to the big box lenders secure financing for smaller businesses like gas station purchase, motel acquisition, setting up an auto repair shop and others. A direct connection with the borrower and an eyes-on appraisal of the property seems to be the key to success for Ocean Capital and could be with other lending institutions also. Folks starting out in business oftentimes need less traditional financing to get going. The residential use of subprime loans and stated income loans in the housing market should not negate use of these loans in the commercial lending space. Financial institutions like Ocean Capital in Rhode Island are doing quite well helping borrowers without the portfolio to be of interest to the big box lenders secure financing for smaller businesses like gas station purchase, motel acquisition, setting up an auto repair shop and others. A direct connection with the borrower and an eyes-on appraisal of the property seems to be the key to success for Ocean Capital and could be with other lending institutions also. Folks starting out in business oftentimes need less traditional financing to get going.

]]> By: Novice http://www.1stMillionAt33.com/2007/06/subprime-problem-not-going-away/comment-page-1/#comment-3033 Novice Sat, 23 Jun 2007 07:11:20 +0000 http://www.1stMillionAt33.com/2007/06/subprime-problem-not-going-away/#comment-3033 Frugal, I'm seeing reports that there was a confirmed Hindenburg Omen on Thursday, June 21, 2007. Frugal,

I’m seeing reports that there was a confirmed Hindenburg Omen on Thursday, June 21, 2007.

]]>