For residential brokers looking to increase business by expanding their product offerings, small-balance commercial mortgages are a great option. And for brokers new to commercial mortgages, connecting with borrowers who need to finance multifamily properties is a great way to transition into the industry. Why target the multifamily market? Multifamily properties are reliably popular with […]
Category: Commercial Lending
Take Advantage of the Positive Outlook for Commercial Mortgages
Originators of commercial and multifamily mortgages expect another strong year according to MBA’s 2018 CREF Outlook Survey. Originations are expected to increase by 78% of the top commercial/ multifamily firms surveyed, and nearly a quarter of those firms expect an overall increase of 5% or more across the entire market. When asked about their own […]
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Four Tips for a Smooth Commercial Mortgage Closing
Many borrowers rely on commercial mortgage brokers for a simple and smooth transaction, so it’s important to make sure you’re handling things correctly. Small-balance commercial mortgages don’t have to be difficult; you and your lender simply need to be on the same page. Here are some tips that will make closing commercial mortgages easy for […]
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Alternative Commercial Lenders Can Help You Succeed
Whether you’re a residential broker or you stick to large-balance commercial mortgages, you should consider adding small-balance commercial mortgage to your products offerings. To do so, you’ll need to build relationships with alternative lenders. Here’s how you can get started: Learn about your lender. The first thing you’ll want to do if you’re interested in […]
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Resolve to Close Small-Balance Commercial Mortgages
As another year approaches, brokers have another chance to begin closing small-balance commercial mortgages. Whether you’re currently strictly residential or you only handle large-balance commercial deals, the small-balance niche is full of possibilities and opportunities to increase your income. Why small-balance commercial mortgages? It’s an underserved market. There are many commercial borrowers who won’t qualify […]
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It’s Easy to Become a Commercial Mortgage Broker
If you’re a residential mortgage broker, you’ve likely had a few commercial mortgage scenarios find their way onto your desk. Turning these deals down simply because they’re not residential means throwing away easy money. Closing commercial mortgages doesn’t take much extra effort because you’ve already got all the skills you’ve acquired as a residential broker. […]
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Know What Makes a Commercial Mortgage Borrower Non-Bankable
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 […]
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Small-Balance Commercial Mortgage Basics
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 […]
When is a Fixed and Fully-Amortizing Commercial Mortgage Right for My Borrower?
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 […]
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Growing Your Business with Small-Balance Commercial Mortgages
Closing small-balance commercial mortgages is a simple way for brokers to earn more if they understand how to approach the niche. This market offers many brokers the opportunity to expand their product offerings and earn more without much extra work. If you’re looking to close more small commercial mortgages, here’s what you need to do: Get to […]
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