COMMERCIAL LOANS WEST

We have put this resource together to help borrowers and new construction developers find the funding needed for their commercial real estate investments, developments and projects. Through Commercial Loans West (CLW) we have access to over 750+ commercial lenders that specialize the entire spectrum of commercial property. 

Use our application link to submit a short summary of your loan that will not only have your funding requested reviewed by these lenders but you will also see the different lenders in the data bank and the loans they specialize in. 

If you submit your loan and do not receive a contact within 72 hours please use the "Contact Us" link and email us with the basic specs of the loan and we will follow up to help get you get in-touch with a Commercial Loan Broker to handle your transaction.

COMMERCIAL LOAN TIPS:

1. Commercial loans take time to close
Lenders will always quote 45-60 days to close a commercial mortgage, but in reality it is more like 90-120 days for most new loans or refinance.  Especially with the climate we are in now (2007 --> 2008), lender are going to check and double everything to make sure it is in order.

2. Keep it Close
The more local the property is to your lenders home base the more they will know about your market and the more likely they are to close your loan if the numbers pencils out.  That not to say if you have deal that cash flows great a lender across the nation won't fund it.  It can be an obstacle with some lenders and local lenders tend to give better terms on their loans.

3. Never Rely on One Lender to Fund a Deal
One more time, never rely on one lender to fund your loan. It is about the right loan with the right lender in the right place.  Lenders are way too fickle these days for you to only shop your loan to one lender.  By using our Lender Database you will help increase your chances of closing a loan.   

4. Commercial Lenders Order the Appraisal
Brokers that order appraisals before they has been approved by the lender are not doing the borrower justice.  Lenders see no benefit on taking an appraisal from a broker that is closing a loan.   We call them "3rd Party Reports" for the reason that it needs to be from an independent source of information about the real estate and local area.

5. Toxic Reports
Commercial Lenders are now asking for toxic reports before funding commercial loans.  They do not want to get into a situation where they foreclose on a commercial property and then inherits the liability. Level 1 toxic reports (to start) are becoming the norm for funding deals.