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Working with a Commercial Mortgage Broker
Why use a Commercial Mortgage Broker?
A
commercial mortgage broker will aggressively shop your clients loan request with numerous lenders giving the borrower several
options to choose from. This saves the client time and effort in looking by themselves and allows the borrower to choose the
loan that best fits their needs.If the lender knows he is not the borrowers only option then they will be more competitive
with their pricing.
As a commercial mortgage broker we are constantly in the Capital Markets and are in direct
contact with a select group of Fannie Mae, Freddie Mac and Conduit lenders . This relationship allows us to facilitate
the best loans at the lowest cost to the borrower.
A knowledgable commercial mortgage broker knows what the lender
is looking for in terms of underwriting, packaging and knows how to present the loan request to get the best deal possible.
Quality lenders recognize this added value, and many are willing to reduce their loan fee in order to accommodate the mortgage
broker’s compensation, resulting in no additional cost to the borrower.
Pre-Qulification is another benefit of
using a competent commercial mortgage broker, brokers are able to analyze the numbers associated with a commercial transaction
and to determine the possible loan program before approaching a lender. There is nothing worst than having your borrower
pay the costs associated with the loan such as appraisals, environmental reports, engineering reports, loan commitment fees,
etc. and then not be able to close the deal because you failed to prequalify the property. The client does not get the money
back for the costs associated with the loan. Not Good!
Commercial Mortgage Group provides free underwriting
analysis for broker/agent listed property and welcomes new business from brokers.
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