Why weave through a maze if you can go straight to the finish line? When you partner with a direct lender on your commercial mortgage, you can eliminate much of the difficulty that comes from juggling bank and broker relationships. If traditional lenders have left you with no clear path to a funded loan, take your request to a direct lender and skip the maze altogether.
Tips you can use to get the funding you need – fast
Many small-business owners and investors looking for a small-balance commercial mortgage are under significant time restraints – they need to act fast to secure a purchase or take out their short-term loan before the balloon payment comes due. Unfortunately, borrowers who partner with traditional banks can wait as long as 60-90 days while their transaction passes through loan committees and other form
When lenders conduct a borrower assessment, they typically base their evaluation on some variation of the “5 Cs” – Character, Capacity, Capital, Collateral, and Conditions.