Due Diligence

November 25, 2014

A major key to getting better customer service with your commercial loan broker or with other businesses is simply – “Ask for it.”

Many people miss major opportunities in life because they don’t ask for what they want. Instead, they expect differing things from others and don’t communicate it. It’s like they think the other person should know what they want.

November 17, 2014

This is part 3 in a series of articles on qualities of an inferior commercial loan broker. As stated on part 2 of this series, it can be very useful to know what to look for in an inferior commercial loan broker. It can help you in your quest for getting great loans for your commercial real-estate.

November 11, 2014

A very important question is how to get better results from your commercial loan broker.

There are times when we may feel powerless in working with the brokers who are serving us concerning our commercial real-estate loans. This is if we are not getting the quality of service, speed of service, friendliness, etc. that we need.

October 28, 2014

When working with a commercial loan broker, it is important to know what to look for in not only a very good commercial loan broker, but also an inferior commercial loan broker. Recently I posted on the subject, “What Are Some Qualities of an Inferior Commercial Loan Broker?” This week I’m posting part 2.

As a summary of part 1, be very suspicious of a commercial loan broker who asks for upfront fees. The exception would be an enormous commercial real estate project, but be sure to do very thorough due diligence on the commercial loan broker anyway.

October 23, 2014

Welcome to “What Are the Qualities of a Superior Apartment Commercial Loan Broker (Part 2)” Actually last week our blog title was about apartment loan brokers. I decided to include all commercial brokers. The qualities of a good commercial loan broker are almost synonymous to those of a good apartment loan broker.

In last week’s blog, three points were covered:

October 22, 2014

Recently I have written about the qualities of superior commercial loan brokers. This article is the opposite – it looks at some qualities of inferior commercial loan brokers.

Here are some qualities of an inferior commercial loan broker:

October 14, 2014

In looking at the qualities of a superior apartment loan broker, the following three come to mind:

1. When they give you a letter of interest and you pay your deposit, you have a good degree of comfort that they will be able to complete your loan. No apartment loan broker can guarantee that the loan will close, but a very good multifamily loan broker will have a very high closing percentage of loans.

June 10, 2014

Over the past weeks, we have shared with you a series of blogs for making sure you do your due diligence when you are choosing a lender for your apartment loans. This holds true for choosing a lender for any type of loan – commercial loans, residential loans, business loans, etc.

In a nut shell, there is a wide variance in quality of apartment lenders and it is essential that you check them out, especially through talking with references.

May 27, 2014

Recently on this blog, we posted an article about the importance of due diligence when it comes to selecting a company for your apartment loan. The article went into some detail on why due diligence is so important in selecting multifamily lenders, and how to do your due diligence in this key area of commercial loans.

May 21, 2014

Doing due diligence on multifamily lenders for multifamily loans has been a topic of this blog a number of times. Today, we are going to look at a very good way to help you do due diligence in your quest for apartment lenders.

Why? Like anything else in business, you want a company you can trust to do the job you are paying for. And as in anything else, service runs the gamut between superior multifamily lenders and bad multifamily lenders.