Comments on: How Three Commercial Mortgage Brokers Saved My Backside! http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Commercial Real Estate - what's to come? | Investing for Wealth http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-60378 Commercial Real Estate - what's to come? | Investing for Wealth Sat, 04 Oct 2008 05:18:06 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-60378 [...] I refinanced one of my shopping centers.  I faced hurdles that I had not experienced before.  You can read more about my refinance nightmare HERE. From what I understand, I am lucky I refinanced when I did.  Lenders, especially for commercial [...] [...] I refinanced one of my shopping centers.  I faced hurdles that I had not experienced before.  You can read more about my refinance nightmare HERE. From what I understand, I am lucky I refinanced when I did.  Lenders, especially for commercial [...]

]]> By: Terry http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-59120 Terry Thu, 07 Aug 2008 19:14:13 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-59120 Wow Rob! That was an amazing blog. I didn't even know you were working on the deal that long. You are such a good writer. The reason I got the deal done (with only a $3K deposit and was able to use your previous reports) was because of my relationship with the lender, and because we were correspondents. As brokers this puts us one step ahead of the others because we represent the lender directly. Its like we are part of their staff. (the lender does not originate themselves and has us do most of the work) We also wholesale to brokers. As correspondents we usually have direct contact with senior underwriters and atleast junior credit managers. We have a higher rate of closing because we can have the loan fully evaluated at the beginning by the people who will be approving it. When I first started in this business I advertised that I had over 200 lenders (I belonged to a referral service). I soon learned that it is not the number of lenders but the relationship you have with a small number that creates it so you can close just about all of the loans as proposed. As you most like notice, at Business Loan Store we have a policy of representing our clients interest first. Some lenders do not like this. Thanks Rob, Terry Wow Rob! That was an amazing blog. I didn’t even know you were working on the deal that long. You are such a good writer. The reason I got the deal done (with only a $3K deposit and was able to use your previous
reports) was because of my relationship with the lender, and because we were correspondents. As brokers this puts us one step ahead of the others because we represent the lender directly. Its like we are part of their staff. (the lender does not originate themselves and has us do most of the work) We also wholesale to brokers. As correspondents we usually have direct contact with senior underwriters and atleast junior credit managers. We have a higher rate of closing because we can have the loan fully evaluated at the beginning by the people who will be approving it.
When I first started in this business I advertised that I had over 200 lenders (I belonged to a referral service). I soon learned that it is not the number of lenders but the relationship you have with a small number that creates it so you can close just about all of the loans as proposed.
As you most like notice, at Business Loan Store we have a policy of representing our clients interest first. Some lenders do not like this.

Thanks Rob, Terry

]]> By: scott http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-59118 scott Thu, 07 Aug 2008 19:11:51 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-59118 Rob, Thanks for the kind words. Our goal in every relationship is to always be invited to the dance when deals are in play. We focus on how we can ad value from the very beginning. If our clients are open with the options they are considering, we will offer a consultative approach and if they have an unbeatable deal, we will tell them so. Thanks again, and as always, if there is anything we can do to assist you or your peers, please let us know. Cheers, Scott Rob,

Thanks for the kind words. Our goal in every relationship is to always be invited to the dance when deals are in play. We focus on how we can ad value from the very beginning. If our clients are open with the options they are considering, we will offer a consultative approach and if they have an unbeatable deal, we will tell them so.

Thanks again, and as always, if there is anything we can do to assist you or your peers, please let us know.

Cheers,

Scott

]]> By: TEXAS REAL ESTATE & PROPERTY FORECLOSURE SCAMS GONE TOO FAR? Find out at trebaso.com! | How Three Commercial Mortgage Brokers Saved My Backside! http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-58831 TEXAS REAL ESTATE & PROPERTY FORECLOSURE SCAMS GONE TOO FAR? Find out at trebaso.com! | How Three Commercial Mortgage Brokers Saved My Backside! Tue, 29 Jul 2008 21:40:02 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-58831 [...] &#67opyri&#103ht © 2008 Bigge&#114Po&#99&#107ets, In&#99.. &#86i&#115it the original article at http://www.biggerpo&#99ket&#115.&#99om/re&#110ew&#115blog/2008/07/26/how-three-&#99ommer&#99ial-mort.... [...] [...] &#67opyri&#103ht © 2008 Bigge&#114Po&#99&#107ets, In&#99.. &#86i&#115it the original article at http://www.biggerpo&#99ket&#115.&#99om/re&#110ew&#115blog/2008/07/26/how-three-&#99ommer&#99ial-mort…. [...]

]]> By: Glenn - MasterPlan Capital LLC - Commercial Real Estate Investment Bankers http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-58829 Glenn - MasterPlan Capital LLC - Commercial Real Estate Investment Bankers Tue, 29 Jul 2008 18:40:47 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-58829 It's very nice to hear some words of praise for professionals in our business who deserve it. On behalf of my brokers and others in the industry, thanks. It’s very nice to hear some words of praise for professionals in our business who deserve it.

On behalf of my brokers and others in the industry, thanks.

]]> By: rob powell http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-58726 rob powell Sat, 26 Jul 2008 23:15:10 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-58726 Joey...I am sorry. I have a feeling if I would have waited one more month to get the refi started....I would have got hurt. All the best, Joey.... rob Joey…I am sorry. I have a feeling if I would have waited one more month to get the refi started….I would have got hurt.

All the best, Joey….

rob

]]> By: Joey Martini http://www.biggerpockets.com/renewsblog/2008/07/26/how-three-commercial-mortgage-brokers-saved-my-backside/comment-page-1/#comment-58722 Joey Martini Sat, 26 Jul 2008 22:40:05 +0000 http://www.biggerpockets.com/renewsblog/?p=1130#comment-58722 Congratulations, at least you are lucky to have those 3 mortgage guys! If I had connections like you I wouldn't be in the debt I am now. Congratulations, at least you are lucky to have those 3 mortgage guys! If I had connections like you I wouldn’t be in the debt I am now.

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