Commercial mortgage brokers using C-Loans.com have had a second complaint about our commercial loan portal. Sometimes so many commercial lenders would appear on the Suggested Lender List that it was hard for a commercial mortgage broker to find the cheapest banks.
If a commercial loan request was a popular one among lenders - say, a $2 million permanent loan request on an office building in Southern California - our Suggested Lender List often contained over 75 possible lenders. To make matters worse, buried among the banks and life companies would be 20+ Proven Brokers and Experienced Commercial Mortgage Companies.
In the parlance of C-Loans, a Proven Broker was a former lead buyer who has closed five loans for C-Loans and thereby earned itself a free listing on C-Loans. Proven Brokers still have to pay us 37.5 bps. if they close a C-Loan deal, but they do NOT have to buy commercial loan leads anymore. They receive them for free because they appear on the Suggested Lender List.
Experienced Commercial Mortgage Companies are commercial loan originators who originate commercial loans exclusively, and they have been doing it for so long that they have won our respect for their network of lenders.
"But geez, George, sometimes your Suggested Lender List is so long that I feel overwhelmed."
We get it. That's why C-Loans has just added a toggle switch (on/off) that users can use to screen out all Proven Brokers and all Experienced Commercial Mortgage Companies. Please take a moment to inspect the picture above. This is our new toggle switch that allows you to choose between displaying All Lenders or Only Direct Lenders. You will find this toggle switch at the bottom of the Suggested Lender List.
If you need a commercial loan right now, you should enter the deal into C-Loans.com and choose from among 750 different commercial lenders.
If you don't need a commercial loan right now, you might enjoy downloading these free goodies.
Have you tried our brand new portal, CommercialMortgage.com? CMDC was designed to be much easier than C-Loans.com, and it enjoys four times as many lenders.
Keep your eyes out for bankers making commercial real estate loans. We'll let you trade the contents of just one banker's business card for a free directory of 2,000 commercial lenders.
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