Closing small-balance commercial mortgages is a quick and easy way for brokers to increase their income. However, in order to close these loans, you need to understand the borrower’s you’ll be working with and the challenges they’ve faced. Being able to tell whether your borrower will qualify for bank financing or whether they’ll need an […]
Read More… from Know What Makes a Commercial Mortgage Borrower Non-Bankable
For residential mortgage brokers looking to increase their income and expand their business, the small-balance commercial mortgage niche offers plenty of opportunity. This underserved market is full of borrowers who will benefit from your expertise. Of course, if you’re new to commercial mortgages, you probably have some questions. Here’s some basic information to get you […]
A commercial mortgage broker’s primary job is to find financing that best fits the needs of their client. It’s important for brokers to be able to evaluate the needs of their borrowers and to determine the type of commercial mortgage that best suits those needs. For some commercial borrowers, a short-term loan that balloons after […]
Read More… from When is a Fixed and Fully-Amortizing Commercial Mortgage Right for My Borrower?
For many non-bankable commercial borrowers, finding a mortgage for which they qualify on their own will be a challenge. That’s where a skilled broker comes into the picture. These borrowers are an under served segment of the commercial mortgage market and they’re a great opportunity for brokers. However, you need to build a relationship with […]
Read More… from Building Connections with Commercial Mortgage Borrowers
In the world of commercial mortgages, there are many small business owners who cannot qualify for bank financing. This under served niche of borrowers who fall between the bank and hard money offers brokers looking to earn more a great opportunity to do so. In order to take advantage of this, you need to be […]
Read More… from Commercial Mortgages for Your Non-Bankable Borrowers
If you’re a broker considering closing commercial mortgages, keep this in mind: There are always small business owners looking to refinance their properties. When you begin working as a commercial mortgage broker, these borrowers will make up a significant portion of your clients, so it’s important to know the questions you need to ask them […]
Read More… from Questions to Ask Commercial Borrowers Seeking to Refinance
For brokers new to the commercial mortgage industry, it might seem like your borrowers have only two options: a bank loan or a hard money loan. However, there are a number of borrowers who qualify for something in between. That’s where small-balance commercial mortgage lenders like APEX Mortgage Corp. come into play. Non-conforming commercial lenders […]
Read More… from Getting Non-Bankable Borrowers Commercial Mortgages
It’s not unusual for commercial mortgage brokers to come across non-profit organizations in need of financing. While it can be challenging for these organizations to obtain funding from traditional sources like local banks or credit unions, there are small-balance commercial mortgage lenders who can provide mortgages to non-profits. Here’s what brokers should know about the […]
Read More… from Small-Balance Commercial Mortgages for Non-Profits
When a mortgage broker begins working with a small-balance commercial lender, an account executive will likely be the first person with whom they speak. Your account executive’s job is to build relationships with brokers and to evaluate the deals they submit before passing them on to their underwriting department. Here’s what every broker should know […]
Read More… from What Commercial Mortgage Account Executives Want Brokers to Do
For residential brokers looking to earn more, small-balance commercial mortgages are a great opportunity. This underserved market is full of borrowers who need assistance in finding the right mortgage for their business’s needs and are willing to pay for a broker’s services. Here’s what you need to do to get yourself ready to offer small-balance […]
Read More… from Adding Small-Balance Commercial Mortgages to Your Products