Posted on June 21, 2011.
I am beginning "The Process of Applying for a commercial mortgage loan year for owner (me)-occupied retail property.
I found a site and They Say They Will Submit an application to lenders to 50 + They Want $ 200 pour la service. Am I getting ripped off?
This is a Legitimate question! I'm not shilling and honest info and experiences please! Thanks!
Tracy Sequeira says...
Speak with a commercial real estate agent who will be able to suggest some lenders to accommodate you. Commercial loans are not easy and many commercial lenders will only consider one million plus so the smaller loans are more likely to be found in the local market.
We financed a warehouse for under $100k through a local bank and that lead came through a commercial real estate broker.
Posted on July 10, 2011
