Commercial Real Estate Loans

How To Start Offering Commerical Loans To Your Residential Mortgage Business? What are the step by step process for a mortgage broker to become a all-in-one, one-stop business, commercial, and residential mortgage broker and correspondent lender?

Anyone have more information about Lending Network, Inc. and what type of company Lending Network, Inc. is? Who is the CEO of Lending Network, Inc.?

I am in charge of a regional mortgage branch office licensed in 48 states am have a licensed mortgage originator colleague who has a potential client who has an investor who owns a hotel/motel in Texas. My MLO colleague has a client who needs to do a rate and term refinance on a commercial loan. I am a licensed NMLS licensed mortgage loan originator and have owned, and managed 3,000 plus residential units consisting of free standing apartment buildings and seven apartment complexes and am familiar with originating mutli-family commercial loans. but not motels and/or hotels. My expertise on commercial loans are free standing apartment buildings and apartment complexes. My associate reached out to me for advise and guidance on him taking on financing this motel-hotel for this investor. Can you please guide and advise us on the steps on proceeding with this borrower? The investor/borrower will be getting multiple quotes from commercial lenders so me and my fellow loan officer would like to get the borrower the best rate and term and become the winning bid on this motel financing commercial loan. Can you guide us through a Step by step process starting on the documentation needed? I worked on my own commercial loans on the apartment buildings and apartment complexes that needed financing and the general docs commercial banks and brokers needed were the following:

Summary Statement of the history of the property owned including but n ot limited to the history of the property and scope of work such as the purchase price, loan-to-value, renovations completed and/or budget and capital required, type of loan requesting includoing recourse or non-recourse, personal financial statenent, schedule of real estate owned, profit and loss statement, nearby comparable sales, and any documentation or data supporting the strength and risk tolerance of the subject property. I am assuming motel-hotel financing probably requires similar data and documents. Again, if you can guide us through the comprehensive step of the commerical lending process from start to finish as well as commercial lenders that are broker friendly it would be greatly appreciated. Thank you in advance.

Here is the suggested Q&A:

What is the commission rate for a self-gen commercial loan originator?

The commission rate for a self-gen commercial loan originator is 50% of broker revenue from funded loans.

What is the commission rate for a Com-Gen Commercial Loan Originator?

The commission rate for a Com-Gen Commercial Loan Originator is 35% of broker revenue from funded loans.

What is the commission rate for an internal referral?

The commission rate for an internal referral is 15% of broker revenue from funded loans.

Is there a cap on commission earnings for commercial loan originators?

No, there are no caps on commission earnings for Commercial Loan Originators.

What is the commission rate for a commercial loan processor?

The commission rate for a Commercial Loan Processor is 10% of broker revenue from funded loans.

What is the monthly cap on commission earnings for a commercial loan processor?

The monthly cap on commission earnings for a commercial loan processor is $7,000.

What is the production bonus for a commercial loan processor?

For commission earnings exceeding the $7,000 commission cap, a commercial loan processor will receive a payout at 5% of broker revenue for funded loans.

What is the commission rate for a closer/funder/recorder?

The commission rate for a closer/funder/recorder is 5% of broker revenue from funded loans.

What is the production bonus for a closer/funder/recorder?

For commission earnings exceeding the $7,000 commission cap, a closer/funder/recorder will receive a payout at 2.5% of broker revenue for funded loans.

What is the commission rate for a referrer?

The commission rate for a referrer is 15% of broker revenue up to $1,000 per file

Can someone please explain the difference between recourse and non-recourse loans on commercial loans?

HOW DO COMMERCIAL LENDERS VIEW BORROWER’S CREDIT?

I am new to the commercial loan origination industry. My wholesale commercial lenders are asking to prepare personal financial statement of each commercial loan applicant. How do you complete a complete financial statement?

• This discussion was modified 1 year, 6 months ago by  Bailey.

What is a private money loan? What is the difference between a private money and hard money loan? How Do I Qualify for a Private Money Loan? What is the eligibility requirements to qualify and get approved for a private money loan? What is better? Private money loans or hard money loans? Where can I get approved for private money loans fast?

• This discussion was modified 1 year, 6 months ago by  Gustan Cho.

does anyone know of a commercial lender for a 24 unit in Colorado I can refer a client to?

I am thinking about starting a career in commercial lending? How do I go about starting my foot in the door as a commercial loan officer.

The apartment building values started to plummet as much as 40%. Apartment and multifamily properties peaked in May 2022 and started falling since then. Besides plummeting apartment building values, foreclosure of apartment building properties are skyrocketing to 2007 levels. The numbers of apartment building values plummeting and soaring foreclosure rates vary from city and state. We will cover more in this breaking news as more develop in the coming days and weeks. Besides apartment building properties, values of commercial properties in general have and are plummeting at record levels.

https://youtu.be/QuDEubYPMoM?si=sYcSVFDyYmK1MeBC

• This discussion was modified 1 year, 10 months ago by  Gustan Cho.

Builders, Realtors, Investors! Lookie Lookie! We have a seller looking to make deal for 2024. Check out the attachment! If you have the brass to tackle this, then let’s connect today! Creative commercial financing available. Call me: 972-707-4963

Copy-of-57-TOWNHOMES-UNDERWOOD-PROJECT-Builders.pdf 30 MB PDF - Click to view

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Kevin O’Leary one of the host of the Shark Tank blasted the liberal judge that found former President Donald Trump guilty of fraud and fined the former President $350 million dollars because of ruining future real estate developers and real estate investors from investing in New York

https://youtu.be/8pkHpU86Src?si=4wb8iKXz6BXyeoFw