We Have The Right Key To "Unlock"
All The Mystery Of Commercial Loans For You.
The following appears directly from
the excellent book, “Getting Financing and Developing
by Michael C. Thomsett published by Craftsman Book Company
I could not have said it better if I wrote it myself.
It truly captures the need for a financial
broker (mortgage broker) when it comes to land development.
“Finding the right lender on your own isn’t always easy
because different institutions specialize in different
financial products and have different requirements. The
mortgage broker may be the best place to start in your
quest for development financing. They specialize in matching
to borrowers’ needs. A professional broker knows where
the money is and can make the connections you need to
tap into some of it. He or she does the research to identify
the best lender for your type of project, makes the contacts,
and then handles the paperwork for you.”
Why A Financial Broker?
- There will be one person/team responsible
for the financing of the transaction not just one Financial
Institution that you are expecting loan approval from.
- You will receive immediate feedback
from us whether positive or negative. No waiting by
the phone for a call from your local banker that he
/she is afraid of making because of how it will effect
your previous banking relationship.
- By working with a broker from the inception
of the transaction we can "craft" the purchase
agreement to meet the needs of different lenders.
- If and when your Financial Institution
turns down your deal you will not have to start over,
because when we get a loan
package we immediately send it to at least four
lenders that we have close working relationships with.
- We will be able to negotiate the best
terms and conditions due to our close banking relationships
that have been well established.
- We will keep a "hands-on approach
from submission of the application to the eventual funding
of your deal.
- Because a broker does more than one
deal with a bank, we will tend to be able to get marginal
deals approved due to our well established banking relationships,
one broker's clients are much more in demand by the
banker than one deal
by a lone customer.
- Also, because of our relationships
we can get a "unofficial" look at underwriting
before actual submission, thus unearthing issues that
would not come to the surface until final underwriting
which most likely would have caused the loan to be denied.
Lastly and most importantly, Your Commercial
Loan Broker AND YOU WILL KNOW WHERE YOUR DEAL STANDS AT