What this web site does:
This web site uses a question and answer format to determine the type of loan and terms you are looking for. It then matches these requirements against a database of private and public commercial mortgage lenders to determine what is available to you. That information is then given to one of our commercial loan officers to pre-underwrite. In addition, our commercial loan officer will also determine if other options are available to you. Our loan officer then gathers the required documentation from you and submits it to the pre-determined lender.

How this benefits you:

* Time:
It can often take several weeks to get an answer from a lender regarding a commercial loan transaction, this is not the time it takes to close, this is just the time it takes to figure out whether or not they will agree to do your loan. Our system has been designed to practically eliminate this problem by having the underwriting guidelines in our computer system for all of the different lenders. The computer "Knows" who will do what type of loan based on the underwriting guidelines that have been determined by each individual lender. This is drastically different from other systems that send your private information around to 50 or so different lenders to see who might do something. The lenders guidelines are in our system and your loan information is matched against their underwriting guidelines. Your personal information does not go to anyone until you have agreed to loan terms and an interest rate and have decided that you want to move forward. How much time will this save you? Probably 30 days. You will now be able to determine ahead of time what loan terms and interest rate you are going to get before you send them your information. No more filling out forms for each individual lender or answering the same questions over and over or waiting for a return phone call. The system does all of this for you.

* Cost:
Most commercial borrowers get so frustrated with the process of borrowing money that they are willing to accept a deal that is less than great for them under terms that are half as good as they could do if they only knew how. This system is going to allow you to get multiple quotes and expert advice without the worry that your personal information is floating around cyberspace or that 50 different lenders are pulling your credit report. Your credit report is not pulled until you are ready to move forward and have agreed to terms and pricing. Although it is tough to determine what the cost savings will be to an individual customer, we estimate that on average our customers pay 1% less per year on their interest rate than the average customer would for a similar commercial loan. Taken over time, a 1% savings from the average commercial mortgage is huge. The average commercial loan is somewhere around $1,000,000 saving 1% from the interest rate over a 25 year period is approximately $140,000. How much does the system cost you, the end customer? There is no cost or obligation to use the system and go through the due diligence process.

* Expertise:
Unlike other online websites that take your application and simply submit to 50 different lending institutions, our loan officers will offer suggestions with respect to structure, pricing, and terms. In addition, there may be alternatives to financing your transaction that you may not be aware of, our commercial loan officers will make suggestions and offer alternatives that may be less expensive and quicker. Our commercial loan officers are all former bankers and pride themselves on understanding the loan process and the challenges a borrower faces.