People running businesses often think about financing a commercial real estate property through a commercial mortgage. More often than not, such a thought is followed up by checking the local listings for a reputable commercial broker \u2013 A most desirable decision!<\/p>\n
There are a number of ways in which one can save money by engaging a mortgage broker to provide assistance with the commercial real estate financing needs and objectives. \u00a0If one takes the time to determine the value of using a commercial mortgage broker, and identifying a reputable commercial mortgage broker, one will realise that it is often money well spent.<\/p>\n
Locating a lender to fund the commercial mortgage is not as easy as it may seem. \u00a0Due to the wide range of property types, loan types and special circumstances, a single lender simply cannot offer loan programs for all potential loans. A qualified and experienced mortgage broker will have multiple lender relationships in place who can offer a wide range of lending options.<\/p>\n
One may spend the time and locate a single lender that can meet all needs, but this is still a troubling idea. \u00a0By working with a single lender or bank one is in essence putting all the eggs in one basket. \u00a0By working with a broker, the loan application can be submitted to multiple lenders. \u00a0This not only increases the chances that the loan will be funded, but it also gives more bargaining power to get the best deal.<\/p>\n
By using the services of a commercial mortgage broker, one can get to know about notable differences in the interest rates, costs and other fees charged from one lender to the next. \u00a0A broker helps in identifying the most reasonably priced options available from these different mortgage lenders.<\/p>\n
Another avenue through which a commercial mortgage broker can help you save money is through their existing relationships with other industry professionals. \u00a0A good commercial mortgage broker has a pre-assembled network of professionals including appraisers, accountants, lawyers and other service providers that they work with on a regular basis.<\/p>\n
It is true that in the end, one has to pay a fee for utilising the services of a commercial mortgage broker. \u00a0However, working with a commercial mortgage broker will help ensure that the needs are met and that the best deal is achieved in the process. \u00a0The bottom line is that what is paid to the commercial mortgage broker will often be saved plus a lot more by achieving a better deal and avoiding unnecessary costs.<\/p>\n
A professional commercial mortgage broker has solid relationships with numerous lenders and can often immediately match one up with the best lender based on the business needs. \u00a0Whether one is in need of a construction loan, long term fixed rate loan or bridge loan, a qualified broker will be able to provide guidance in choosing the best lending source. \u00a0The broker can also leverage their long term relationships with the lender to garner quick processing of requests \u2013 saving time!<\/p>\n
So, if you are in the market for a commercial loan, you should definitely think of hiring a commercial mortgage broker!<\/p>\n
Dominic Lambrinos is a financial expert who provides professional business finance solutions, commercial financial engineering, expert review of financial submissions, negotiation, equity raising, business sales, and trade financing. Dominic is also a sought after finance business trainer, and accomplished public speaker.<\/p>\n
Under Dominic\u2019s guidance , his team can also prepare professional financial submissions, review financial statements, provide financial accounting, business administration, development of information systems, marketing and sales skills, computer and Internet sales skills.<\/p>\n","protected":false},"excerpt":{"rendered":"
People running businesses often think about financing a commercial real estate property through a commercial mortgage. More often than not, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,37,38,12,14,17,18,34,19,20],"tags":[8,41,21,10,42,43,13,28,22],"acf":[],"yoast_head":"\n