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Go for the Gold with Small-Balance Commercial Mortgages

The swimming and track relays are some of the most exciting events of the Summer Olympics. Every four years, a team of athletes puts their training to the test to go for the gold, relying on drive, endurance and teamwork to make their home country proud. Like these athletes, commercial mortgage brokers must rely on […]

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Small-Balance Commercial Lenders Can Solve Common Problems

For borrowers looking to obtain small-balance commercial mortgages, obtaining a bank loan is often impossible. As a commercial mortgage broker, you need to understand these borrowers and the common obstacles they face. You also need to know how to help them find the financing they need. For borrowers unable to qualify for bank financing, a […]

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Impressing a Commercial Mortgage Underwriter

In order to close more small-balance commercial mortgages, your submissions should be as complete as possible. This allows your underwriters to review your borrower’s financing request quickly, and shows them that you take your position as a mortgage broker seriously. Submitting incomplete deals means your underwriters end up doing a lot of extra work, which […]

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It Is Time to Target the Multifamily Commercial Mortgage Market

The multifamily sector is on track for at least two more years of strong sales, according to Scotsman Guide. Although rental growth has slowed and increases in vacancy rates are expected, the market continues to perform well, and will likely continue to do so. Apartment rents rose by 6.3% on a national basis, and are […]

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The Basics of Submitting a Commercial Mortgage Application

If you’re a residential mortgage broker who has decided to begin brokering small-balance commercial mortgages for non-bankable borrowers, one of the most important things to focus on is what you’ll need to submit an application. Different lenders will have different requirements, so it’s important to talk to your lender before you submit your first deal. […]

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The Biggest Commercial Lending Obstacle for Small Business Owners

Less-than-stellar credit, small loan sizes and certain property types can prove to be complications when it comes to obtaining financing for a commercial property. However, the highest hurdle most small business owners face when looking to attain a bank loan is an inability to properly verify their income. As a commercial mortgage broker, it’s important […]

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A Commercial Mortgage Borrower’s Character

In this month’s Scotsman Guide, they discussed the Five C’s of underwriting small balance commercial mortgages. Each of these factors is crucial for a lender in determining whether or not to grant a financing request. While most of these elements are fairly easy to quantify (a credit score, the value of a property), character proves […]

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