All Forum Posts by: Marty Johnston

@Brian Anderson - Are you looking to shop between brokers? A brokers job is to shop your deal and loan for you. This is their purpose, so that they can assure you that you're getting the best rates and terms for your particular deal among their pool of lenders that they operate with. You want to find a broker that operates with many so that they have a large pool with great direct lenders. If you're wondering about the average broker fees - brokers operate by a point system, and that's it. Brokers do not get paid until closing. I would recommend staying away from any that do charge up front fees, as they may not actually perform and you're out some money for no good reason. The only fee you should ever incur up front is an appraisal for the subject property of the deal.

Brokers are not direct lenders, so they do not have their own rates and terms. They are simply acting as your "agent" and correspondent with a large pool of lenders to shop your deal for best rates and terms available. They also will work with you all the way to close, making sure that all necessary documents are submitted correctly and timely, while also working with your title company. They can really make your financing side of things go very smoothly and give you a piece of mind that you're getting the best available.

Brokers don't offer this service for free, they get a % of the loan amount - typically 1-2 pts for perm financing and anywhere from 2-3 [sometimes 4 for time-pressured deals or very low-priced LTV's] for HML, Bridge, or Ground up Construction.

Hope this helps!

Marty

CRE Brokers, Wholesalers, Investors, and any other Real Estate Businesses, there is opportunity to work together! I'm a Commercial Lending Representative for 11 Capital Finance, LLC. We are a Commercial Mortgage Brokerage that operates nationally. I want offer myself and my company as an additional service for you and your business, your potential client-base, as well as a way for you to make money.

Below is information about our company, what we offer, and what we can do for your business and clients.

11 Capital Finance is a nationwide commercial mortgage company that works with 100+ lenders. With this large pool of lenders, we can offer every type of Commercial Real Estate financing out there, making us a One-Stop Commercial Lending Shop for any investor, business owner, and organization in need of Commercial Real Estate financing. We do all types of commercial real estate loans nationwide for all commercial property types. 1. bank loans (conventional and SBA loans), 2. bank alternate stated loans (these lenders are not banks and borrowers do not need to submit tax returns to qualify for these types of loans). On the Temporary Side we do: 3. Rehab loans (for 1-4 unit investment properties and commercial properties), Bridge Loans (for 1-4 unit investment properties and commercial properties) and construction loans (for 1-4 unit investment properties and commercial properties).

 We have worked with thousands of borrowers, and continue to, due to our superior customer service and knowledge of this business. We stay with our borrowers through out every step of the commercial lending process to ensure the loan closes properly and in a timely fashion.

Our company also raises private equity for borrowers in a very unique way that keeps the borrower SEC compliant and saves them a fortune on legal expenses. If you go to our website,http://www.11capitalfinance.com, and click on Capital Raise, you will see our Real Investors Now (RIN) Program that we offer. You can also click on examples of our current RIN projects.

In addition, 11 Capital Finance offers a unique way for you to become a all encompassing Commercial Real Estate company, by allowing you to provide a financing option available right on your website for all your clients in need of financing for your properties or deals! This Financing 'Button' will allow your clients to not only list, buy, or utilize whatever services that your business already provides, but also finance their investments through your website, making you the most efficient CRE business around. This Finance option is completely tailored around your website and your design, by you. You can offer this additional service for your business, for absolutely $0.00 to you, and you will receive a 10% on any deal that closes through your website portal. Its an entirely free way to make additional income for your business, and offer your clients an additional service.

For More information on this Finance 'Button', please contact me with your interests and I will connect you with our Director of Enterprise. For more information about our programs and other offerings that we can offer you and your clients, please call, e-mail, or message me here on BP. 

Best Regards,

Marty Johnston

920-285-8900 / [email protected]

http://www.11capitalfinance.com

Viviana, Id be happy to speak with you. send me a PM, lets talk about this deal!

@Sarah Smith, If you're still looking for additional options, please feel free to reach out. We can work with you using your properties as some collateral. Let me know if I can help!
Best Regards

Han. Im a Commercial Mortgage Broker. We work with over 100 lenders with many HML programs. And me a PM If youd like to discuss your goals and what we can offer.

Best Regards

Damon,

Your realtor is wrong. In commercial, you absolutely must have a P&L, otherwise how do you know it's a good investment? Your realtor needs to understand that concept. In commercial, there is no "pre approval", what there is is a LOI, or letter of intent, but you need property and performance information before. If not, why would you ever offer on an investment blindly - that'd be foolish. You atm to understand this, be persistent with your realtor.

Cheers!

Marty

Marshall, Id love to speak with you on this deal. Send me a PM, let's talk.

Best Regards.

 Josh, I would reach out to @Chris Aepli over at Orchard. They are in AZ and may be able to help you. Best of luck!

Marty

@Chris Moore, You're going to run into issues here. If there's one common thing among all commercial lenders, its that they want you to have some skin in the game... Some lenders will allow a seller second, but only up to a certain percentage - again, to make sure that the borrower has some skin in the game. You will likely need to find a private lender to fund this deal.

Also, since the property is vacant and not producing income, you will not qualify for permanent financing. You will need to get into a Bridge loan for acquisition of the property, and then once stabilized, refinance into a permanent loan.

I wish you the best!

@James Wright, you have your share of lenders to work with here. If you're looking for an additional option, feel free to reach out. I'd love to discuss your deal to meet you criteria.

Best Regards,

Marty