Need a commercial lender that is tailored made for your business needs? Then consider working with a commercial broker for the best results.
If you are a smaller business or you just had a bad broker experience in the past, you are probably more than hesitant to work with a commercial mortgage broker—that’s perfectly normal. The reality is for many, the word broker sends chills down their spine and in your case you may feel that history will repeat itself or that you simply cannot afford a commercial broker while still effectively accomplishing your business goals. Well, the truth is it is in your best interest to work with a commercial broker for several reasons.
The main reason working with a commercial broker is beneficial is because this person will ultimately save you time and money. Sure, paying a commercial broker to do something you can do may still seem silly to you. But, remember if you busy playing commercial broker, who’s running the business, making the repairs or updating your business plan? The point is you are a busy individual, adding more to your plate won’t make any of your responsibilities easier nor will it get the best terms for your commercial loan.
Now that you’re paying attention, let’s talk about all the other commercial broker benefits already. For starters, working a commercial broker means more than you having the time to run your business, it also means having someone who will locate as well as narrow down your lenders. This means someone will be tasked with finding the right lenders, doing the necessary research, cost comparing and submitting your loan application to them all. But, wait there’s more.
Working with a commercial real estate broker also means that you risk less in the long run. In other words, you won’t waste a considerable amount of time with the wrong lenders and you won’t be putting all your mortgage eggs in one basket. Remember, the approval process, especially for non-residential mortgages, is a fickle and lengthy process. Consequently, you probably do not want to go through the entire process multiple times yourself when you can have a commercial broker handle everything with multiple lenders simultaneously. Moreover, having more than one lender offer to choose from means you as a borrower and savvy business person will have more bargaining power as well as an increased likelihood of an offer in general.
Furthermore, if you are like most individuals who are in the market for a competitive non-residential mortgage, you know there are cost variations between lenders. Working with a commercial broker will ultimately help you get the best interest rate, cost, and other fees (for example, special rate options are often available for commercial brokers) because the necessary research has been done. Lastly, you cannot talk about commercial broker benefits without mentioning support services. At the end of the day, working with a commercial broker means they can also help you find the right appraiser, real estate lawyer and so on. Thus, with that being said, what exactly are you waiting for? Find your commercial broker today!
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.