Tips for Success
When you are ready to apply for your commercial loan, please click here to return to our home page and to begin entering your contact information.
Here are some tips that will help you in your commercial loan application process:
- Pay close attention to the Lender Score of the six lenders to whom you choose to submit your commercial loan application. Our Lender Score tells you how diligently the lender works his loan applications. Some bank loan officers are pretty sleepy and don't work all of their loan applications. A score of less than 100% suggests that he is sleepy (lazy). Lender scores in excess of 100% tell you that this lender not only diligently works every loan application, but also that this particular lender has successfully closed loans for C-Loans borrowers. The higher his Lender Score, the more loans a lender has closed for C-Loans borrowers.
- If the first six lenders all turn you down, don't give up. The secret of the C-Loans System, the software that powers CommercialMortgage.com, is that the software has been written to make it easy for a borrower to submit his loan to wave after wave of lenders. You might not find the perfect lender until you make the 36th submission.
- Try to attach attractive color photographs of the property to your commercial loan application. Color photographs make a loan application look far more professional. Commercial loan applications that include color photographs are looked at with far more interest. They attract commercial lenders.
- Check your spelling in the body of your commercial loan application! Nothing looks more lame than a borrower seeking a $2 million loan who cannot spell.
- Do not use abbreviations in your commercial loan application. If a commercial lender cannot understand your commercial loan application, he is going to just turn it down.
- Have faith in the C-Loans System. We have closed almost 1,500 different commercial mortgage loans totaling almost $1.5 billion.
When you are ready to apply for your commercial loan, please click here to return to our home page and to begin entering your contact information.
|
