Our Commercial Lender partners are leading
real estate investment banking firms providing acquisition, development,
construction, bridge, mezzanine, and permanent financing for commercial
real estate projects.
Our lenders are both direct lenders and intermediaries offering a wide array
of financing options throuhg both on and off balance sheet transactions. They
can provide access to Fannie Mae DUS, FHA, and Freddie Mac loans, and are nationwide
correspondants for a number of institutional investors, private and public
REITs, life insurance companies, pernsion plans and conduits.
Getting transactions funded in today's market requires creative underwriting,
competitve pricing, and broad access to capital markets. Your success as a
commercial mortgage broker depends upon your ability to develop a relationship
with lenders that can provide the following:
» Both small and large balance financing
» Financing for all product categories
» Financing across the entire captial stucture
» Financing on a nationwide basis
» Streamlined underwriting
» Quick Closings
Requirements
Only loan requests in amounts greater than $1 MM submitted
by approved mortgage brokers that meet the following submission requirements
will be accepted:
While CommercialCapital.info encourages loan submissions from all intermediaries,
before we can process a request the following two steps must first be taken:
1) You must submit your application to become an approved broker, and
2) You must present the following information on any transaction submitted
| A written description of the following items: |
| 1) Your fee agreement or other document evidencing your rights
to represent the borrower. |
| 2) Requested loan amount, term and amortization |
| 3) Purpose for the loan (acquisition, construction, takeout,
repositioning or refinancing) |
| 4) Estimated property value and by what method the estimate
was arrived at |
| 5) Description of the property to be financed including age
of the property, materials of construction, description of recent
renovation or capital improvements, size of property and an opinion
of property quality/condition |
| 6) Description of the key principals that comprise the borrowing
entity and a statement as to personal credit scores, any property
or personal bankruptcies, and any liens or litigation against
any of the key principals |
| 7) A current rent roll that indicates tenant name, unit occupied,
square footage or unit type, monthly rent and expense recoveries
(commercial properties) |
| 8) An income and expense statement for the last 24 months,
including an income and expense statement for the most recent
12 months by month, up to and including the most recent available
month, with a column totaling the monthly amounts into an annual
figure. Capital expenses should be seperated from ordinary operating
expenses |
| 9) Color photgraphs of the interior, exterior and neighborhood
surrounding the property. Digital photographs are preferred.
Additionally, any other information available on the market ,
comparable properties or other valuation/feasibility information
would be helpful. |
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