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Commercial real estate investing made simple.

 

Commercial Mortgage Brokers - Tips, Due Diligence Requirements & Consulting Support


Selecting a commercial mortgage broker to fund your commercial real estate development project is fraught with dangers.  If you are seeking a successful outcome using the commercial mortgage broker route, then make the best of it.  Here are some of our tips:
  • Ask for the last 10 deals the broker has completed and funded.  If the broker won't provide the information, then move on to another broker without further discussion.
  • Investigate the list.  Make sure it isn't a "salted" list of related companies or worse.
  • Ask the broker which institutions they have a correspondent agreement with.  If they say they don't have one or won't let you see it, you are dealing with the wrong broker.
  • Some brokers are just connected to more brokers.  Every one of them wants to be paid a point, so you end up with too many points on a deal that won't get funded.
  • Some brokers "shot-gun" applications to a multitude of institutional investors with whom they have no more of a relationship than you do.  Shot-gun blasts should be avoided at all costs.

Ask the questions.  Listen to the answers.  If you aren't sure, call Rainmaker and seek the answers.

Rainmaker Marketing Corporation is here to help.  The first consultation is free.


Contact Information

Our business hours are from 9:00 a.m. to 5:00 p.m. Monday thru Friday (CST)

Telephone:

281-537-1200

Postal address:

15519 Dawnbrook Drive, Houston, Texas 77068

Electronic mail:

General Information & Consulting Queries: clint@rainmakermarketing.com 

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