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Mortgage Bankers & Mortgage Banking - Is It Time?
Rainmaker Marketing Corporation fields a lot of callers who are wondering about the difference between a
commercial
mortgage bankers and commercial mortgage brokers and how they may best 
proceed with a project funding. Put simply, all commercial mortgage
bankers are brokers, but most commercial mortgage brokers are not mortgage
bankers. Bankers are licensed, typically underwrite their own paper and
then re-sell the paper at a later date. This is sometimes referred to as
"table-top closing" or "expedited closing". The banker funds the deal, then turns
around and sells it to another party for a profit. Fascinating stuff, but
let's focus on you and what your needs are going to be for your commercial real
estate development project financing - construction and permanent lending.
The biggest issues we face with clients seeking financing really boils
down to having to take remedial measures because the client jumped the gun,
retained a broker and then everything grinds to a halt and people are left
wondering what is going on.
Continued.
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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