For residential mortgage brokers looking to expand into the small-balance commercial niche, choosing the right direct lenders to partner with is crucial. Who you work with will play a large part in determining your success within the industry, so it’s important to choose lenders who will allow you to meet your goals. Here’s what you […]
Category: Commercial Lending
When is a Small-Balance Commercial Mortgage Right for Your Borrower?
Many small business owners have trouble obtaining financing for their commercial property through banks. This is why they come to you, a commercial mortgage broker. It’s your job to get to know your clients, understand their financial situations and needs and get them the mortgage they need to accomplish their goals. In many cases, this […]
Securing Your Borrower Mortgage for a Commercial Property Purchase
Owning the property out of which their business operates is a dream for many small business owners. It makes their lives much simpler and allows for greater control of their finances and business. Whether your borrower is looking to purchase the space they rent, expand their current operations or own an investment property, as a […]
Get Your Borrower Ready for a Small-Balance Commercial Mortgage
The two biggest jobs of any broker are to find clients commercial mortgages that fit their needs, and to prepare the borrowers for the loan they can expect and the process of obtaining it. For brokers working with non-bankable borrowers, this means seeking out alternative commercial mortgage lenders, getting the information required to start the […]
Explore Alternative Commercial Mortgage Lending
If you’re turning away borrowers who can’t obtain financing, you’re turning away income. The alternative commercial mortgage industry is an opportunity for brokers who are interested in bringing in new business. It’s an under-served market that more brokers should consider. If you decide you want to work in this niche, this is what you should […]
Succeed as a Small-Balance Commercial Mortgage Broker
If you want to increase your business and earn more, there’s a simple solution: small-balance commercial mortgages. For brokers who already have residential experience, closing mortgages for non-bankable clients in need of financing for their commercial properties is an easy way to expand your product offerings. Here’s what you need to do to succeed in […]
Become a Small-Balance Commercial Mortgage Champion
Closing small-balance commercial mortgages is a great way for brokers to earn more as long as they understand how to go about it. As long as you take the time to understand each deal and collect the information your lenders will need, these loans are a simple way to increase business. Here are some simple […]
Getting Started with Small-Balance Commercial Mortgages
For residential brokers looking to expand their business and earn more, the small-balance commercial mortgage niche is a great opportunity. There are small business owners all over the country who cannot qualify for a bank loan and need assistance to find alternative financing. Here’s what you should do if you’d like to begin working in […]
How to Close a Commercial Mortgage Quickly
Many borrowers seeking commercial financing need it fast. Whether they need the funds to pay off a ballooning mortgage, take advantage of a great inventory deal or purchase a property quickly, it’s a broker’s job to get them the mortgage they need in the timeframe they require. Here’s what you need to do: Find a […]
Connecting with Small-Balance Commercial Mortgage Lenders
A broker’s ability to close loans and earn income depends largely on their relationships with commercial mortgage lenders. For brokers interested in the small-balance niche, it’s crucial to note that these partnerships are very important in this smaller and often underserved market. Here are some tips on building strong connections with small-balance commercial mortgage lenders […]