Brokers are always looking for simple ways to make more money, and one of the best is to start closing small-balance commercial mortgages. However, these loans – like any other – can present challenges. This is especially true if you’ve chosen to work in the niche that serves non-bankable commercial borrowers. While some issues might […]
Read More… from Ensuring a Smooth Commercial Mortgage Closing
2020 is expected to be another record year for commercial and multifamily lending, according to a forecast released by the Mortgage Bankers Association last week. Mortgage bankers operating in this sphere are expected to close $683 billion of loans backed by income-producing properties in 2020, an increase of 9% over 2019’s projected record volume of […]
Read More… from Thriving Commercial Mortgage Industry Is an Opportunity for Brokers in 2020
For borrowers seeking a small-balance commercial mortgage, getting to know a lender is a crucial part of the process. It’s important to establish a sense of trust and an open line of communication so that any issues can be resolved fast and the deal can close quickly. Non-bankable borrowers in particular are likely to have […]
Read More… from APEX has the answers to your commercial mortgage questions
If you’re a mortgage broker, a small business owner, or a commercial property investor who’s new to small-balance commercial mortgages, trying to learn about alternative financing can seem intimidating. But it doesn’t have to be. At APEX, we’re committed to providing brokers and borrowers with the information that they need to make the best decisions […]
Read More… from Commercial Mortgage Questions (and Answers) with APEX’s Drew Culkin
What do you do if your commercial mortgage borrower is turned down for a bank loan? It’s a question every broker in the business of closing commercial deals should be asking themselves in order to make sure they’re providing borrowers with the best possible financing options. After a bank turndown, a high-interest hard money loan […]
Read More… from Consider the Alternative: Non-Conforming Commercial Mortgages
Commercial mortgage originators are familiar with the 5 Cs used to evaluate prospective borrowers — credit, collateral, character, capacity and common sense. Borrowers are often much less familiar with the standards, and they benefit when originators can explain how each influences lending decisions. Loan originators know that working in the small-balance commercial mortgage niche can […]
Residential mortgage applications decreased by 7.1% from the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2018. The Market Composite Index, which measures mortgage loan application volume, decreased 7.1% on a seasonally adjusted basis from one week prior. On an unadjusted basis, the Index […]
Read More… from It’s a Great Time to Start Brokering Commercial Mortgages
Being turned down for a commercial bank loan can feel like the end of the road for a borrower. As a broker, it’s your job to let them know that they have other options and to find a lender and a commercial mortgage that best fits their needs. So, here’s how you should proceed when […]
Read More… from How to Handle a Commercial Borrower’s Bank Turndown
As a commercial mortgage broker, you’ve got one goal: Close deals. In order to do that, you need to take the time to prepare each deal as well as you can before submitting it to a lender. Having the right information, the necessary documents and a thorough knowledge of your borrower’s commercial mortgage request will […]
While much of the country still has a ways to go before temperatures cool and it really starts feeling like fall, one indicator that the seasons are changing is now beginning: football. Football is a game that requires determination, strategy, and teamwork to achieve success. These are also crucial factors that will determine whether a […]
Read More… from How Closing Commercial Mortgages is Like Football