Frequently Asked Questions

Where are your loans available?
Commercial mortgages are available in all 50 states.

When can I lock my rate?
This varies from lender to lender.  In some cases the rate can be locked within one or two days of the initial submission.  In other cases, it may take as long as three to four weeks.

Where does the loan close?
We make arrangements with a local title and escrow company for closing.  Local appraisers that are familiar with the local market will be hired to do an appraisal.

How many appraisals are required?
Normally  one.

How long does it take to complete the loan process?
It typically takes 45 to 90 days to close a commercial mortgage loan assuming that the borrower has delivered to the broker all of the required documents needed to underwrite the loan. The loans can close sooner, but they require smooth and timely orchestration between the key players.

Why use a mortgage broker?

The mortgage market is continually changing.  Utilizing a top quality mortgage broker can help you navigate through the mortgage industry and help you to identify and target the rate and terms that would be best for your situation.