At APEX Mortgage, we value the partnerships we’ve formed with our brokers and we understand their essential role in the process of closing small-balance commercial mortgages. We routinely seek feedback from our brokers in order to enhance our business and your experience with us. And one of the most common things our brokers have requested is a lower starting rate.
You asked; we listened.
APEX is introducing a new program – the A+ program –in all 43 states where we currently lend. The new program’s start rate will be 6.5% and will offer brokers and the borrowers they serve shorter and more flexible terms than our core small-balance commercial mortgage programs.
Our goal in creating this program is to help our brokers close more small-balance commercial mortgages for more of their non-bankable borrowers. We’re committed to working with our brokers to make the process of closing loans as simple and worry-free as possible.
Here’s what else you can expect when you work with APEX:
We’ll protect your fee.
Our brokers can make up to five points on each deal they submit. Your fee will be protected in the commitment letter that we send to your borrower, as well as on the HUD statement. In addition, we offer up to 2YSP on most loan types.
We’ll respond quickly.
At APEX Mortgage, we know that every broker’s time is valuable, so we’ll let you know within 24-48 hours of application submission whether or not we can provide a commercial mortgage for your borrower.
We close loans fast.
Because we’re not bound by the same regulations as banks and other traditional lenders, APEX‘s average closing time is within 2-3 weeks of commitment. That means you’ll get your commission that much faster.
Commercial mortgage brokers play a major part in the success of our company, and we are committed to working closely with our brokers and providing them with excellent service and protecting their interests. We look forward to further developing our business relationship and closing more loans with our $1 million maximum loan amount.