Commercial Property Mortgage

Warning: Choosing The Wrong Commercial Property Mortgage
Could Seriously Damage Your Wealth

One of the first places most people look for a commercial property mortgage is their local bank. Often times this can be a big mistake. Banks provide a wide variety of loan options for their customers. Sometimes this philosophy can backfire on the customer (and the banker). The mere convenience of a “one-stop-shop” should not be the deciding factor.

Banks offer generic solutions for their business clients. That’s not what a small business or entrepreneur needs when seeking help with a commercial loan. Bankers are considered “generalists” and not “specialists.” Banks often provide a “one-size-fits-all” solution for every customer.

The danger of having too many loan programs under one roof is that borrowers get mediocre service (at best). It becomes a difficult task, even for the most seasoned bank representative, to provide professional guidance for their customers when he has to try to understand all the intricacies of a plethora of financial products. Purchasing commercial property is a huge decision — you deserve the level of care and service only an expert can provide.

Too many choices and loan options can often result in mistakes or closing delays. Therefore, you should always work with an expert that specializes in the type of loan for your specific situation.

Working with a specialist will ensure that your financing experience is an efficient and enjoyable one. Think about it this way: Would you rather have a lender that knows a little bit about a lot of loans, or a specialist that is an expert on three or four loan products that are best for your situation?

When choosing your commercial property mortgage, you need to make the smart choice by which we mean you put as little down as you can, get the longest term you can, and get a below-market fixed interest rate for as long as you can.

Our SmartChoice Commercial loan—also known as the 504 loan—is a product bankers (commercial loan officers, that is) don’t like to talk about because they make less money on it. But I’m a big believer in offering the best product and doing right by your clients, and then letting your clients do right by you. And I have evidence this works on my side: About 90 percent of our business comes from referrals of some sort, which is almost unheard of in our industry.