BORROWER FAQ:
How does this work?
To request a commercial real estate loan Login or Register and click Post Deal to submit a form for brokers and lenders to review. Brokers are welcome to post loans. There is no fee to post a loan. You may post a loan requesting financing to acquire, refinance, rehab or develop a U.S. or international commercial property. Your loan request may include private or conventional debt, mezzanine and equity financing.
How do I improve results for a posted loan?
1) Upload a property photo (.jpg or .gif format).
2) Complete the entire form rather than the required minimum.
3) Periodically update your loan which moves it up showing lenders you still need financing.
How does conventional financing differ from private money?
Conventional
Permanent (amortizing) or bridge loans (interest-only).
Standard closing time frame subject to due diligence (appraisal, environmental, engineering, other 3rd party reports, title, legal, etc). However, some lending programs may take significantly longer to close (HUD/FHA).
Higher leverage (LTV/LTC) and lower pricing.
Funded typically by banks, institutions, insurance companies, pension funds, HUD/FHA and government-sponsored enterprises (Fannie Fae, Freddie Mac).
Private Money AKA “Hard Money”
Bridge loans (interest-only).
Expedited closing time frame subject to due diligence (e.g., appraisal, environmental, engineering, other 3rd party reports, title, legal).
Lower leverage (LTV/LTC) and higher pricing.
Funded typically by wealthy individuals and private funds which are generally less regulated then conventional lenders.
Private money is used for its funding speed which may be critical for certain transactions (1031 exchange). Although more expensive, private mortgage lenders are usually cheaper than equity lenders. Private money is also used for deals which have too much risk for conventional lenders, and may require real estate collateral other than the subject property.
LENDER FAQ:
How does this work?
If you offer financing, click Leads to review commercial mortgage leads posted by borrowers and brokers. You may purchase individual leads, discounted lead credit, or a 6 month lead subscription. Payment is made securely via PayPal.
How many times can a lead be purchased?
No limit. The number of 'Lead Sales' are shown.
How are leads priced?
Individual borrower leads are $25 and broker leads are $20. Purchasing discounted credit or a lead subscription is more economical.
Why are some lead prices discounted or $0?
"Bad" leads (old, funded or unrealistic deals) remain available at reduced pricing such as $5. The contact information has value for future business. Leads priced at $0 are free, simply proceed with the purchase process without paying.