The Loan Process
1. The first step is discussing the project with one of our Broker
Executives to discuss the basics of your property.
2. The second step is to formally pre-qualify the property and borrower(s).
A Broker Executive can send you the necessary loan documentation. After
reviewing the Pre-Qualification documents and determine that the loan fits
our program we issue a Conditional Commitment Letter. After the
borrower(s) have signed the Conditional Commitment Letter and
enclosed funds to cover the costs of the appraisal we then register the
loan and start processing and order the appraisal. After the loan is
registered it takes approximately 40 to 60 days to process, underwrite and
close the loan. Variations to the above time table primarily come from
incomplete or slower than average responses to documents requested.
3. The commitment letter and funding are the third step. After conditions
in the Commitment Letter have been cleared we then set up the closing.
The whole process can take up to 60 days from pre-qualification to close.
Time frames have been shortened when information requested is
furnished complete and in a timely fashion.
Our Pledge
Our Broker Executives are poised to answer your questions and pre-
qualify your borrower’s income property to offer the highest loan to values
and lowest rates in the country. Combined with the highest standards of
service and a national presence we continue to innovate the multi-family
(5+ units), mixed use and mobile home parks mortgage industry with the
right product for the property that fits the needs of the borrower. We
continually strive to meet or exceed expectations and deadlines.
Contact us if you have any questions or comments. We are here to serve
you and would like to hear from you.
We specialize in the following wholesale commercial financing
nationwide.
Wholesale commercial loans, wholesale apartment loans, wholesale
apartment loan, wholesale commercial loan, wholesale apartment
financing, wholesale apartment lending, wholesale apartment loan,
wholesale apartment refinancing, wholesale mixed use loans and
wholesale mobile home park loans.
