Making
commercial real estate loans is the business we are
in. Call or Contact us Today!
Commercial Funding is an innovator
in the sector of making commercial real estate loans.
We maintain direct and indirect corresponding relationship
with varied capital resources and hence we can offer
you commercial real estate loans of various programs,
for just about every property type and for just about
every credit profile.
There are certain steps that are followed
while providing you with the commercial real estate
loans.
Application Process: Initially
you can request us for a free quote for the commercial
real estate loans. Within 48 hours we will provide you
the quote. To have an idea of the extent of debt the
property concerned can carry you can use our online
'Loan Sizer.' To make the application for the commercial
real estate loans you have to make a online application.
In case you are being represented by a broker even then
you need to make the initial application. Soon after
getting the applications for the commercial real estate
loans we inform the borrowers of the prospects of the
loan along with a checklist of required items. More>>
Appraisal Procedure: Appraisal
of the concerned property has to be done through preferred
appraiser of Commercial Funding. The appraisal cost,
which ranges between $2500 and $4500, must be borne
by the borrower. During the appraisal process the guidelines
mentioned by us should be strictly maintained. The appraisal
report needs to be submitted with relevant documents,
as mentioned in the checklist. Our experts at the real
estate department review all the appraisal reports and
to get an approximate idea of the property value. Nevertheless,
our appraisers determine the property value independent
of the appraisal report and this valuation is considered
while calculating the LTV for the commercial real estate
loans. More>>
Underwriting Procedure: The
appraisal process is followed by the most significant
part of the commercial real estate loans. Our expert
professionals carry out this underwriting procedure
in a prompt and transparent method. This pre-approval
underwriting will give you a clear idea about the loan
details and mortgage. During the detailed underwriting
process our professionals will focus on the different
categories including Debt Ratio (DTI), income, Credit,
Assets, Employment, Licenses, Verification of Mortgage,
Verification of Rent, Rent Rolls, Estoppel Certificates,
Surveys, Title Insurance etc. The underwriting process
is followed by fast and reliable closing of the funding
deal. More>>
Call us at 888.520.8988 now.
For
commercial real estate loans Call or Contact Commercial
Funding!
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