Both residential and commercial mortgage brokers can learn marketing strategies and tactics to help find the right leads and close more small-balance commercial deals.
In order to keep your client happy and the transaction on track, it’s crucial for you to manage expectations and overcome objections that may arise regarding the commercial mortgage appraisal fee. Use these 3 lines of reasoning to educate your client and sidestep any potential hurdles down the road.
The nature of the borrower’s business made it difficult for him to provide full documentation to support his cash-out refinance request. Thanks to Silver Hill Funding’s Bank Statement Program, the borrower was able to prove his income by producing 12 consecutive months of bank statements. Silver Hill was able to fund the loan, provide the cash-out the required, and help the borrower buy out a former business partner.
A borrower with 28 years of investment experience needed to refinance and take cash out of their private commercial mortgage. Silver Hill was able to provide a cash-out refinance solution that met the borrower’s unique needs. Since the loan was funded through Silver Hill’s Lite Doc Program, the borrower never had to produce tax returns during the transaction.
The great Albert Einstein once said, “Try not to become a man of success, but rather try to become a man of value.” While Einstein in his brilliance may be right that value can be greater than success, many have found success by having more value to offer than competitors.
With the current level of uncertainty regarding interest rates and the housing market in general, it’s best that mortgage originators begin to look for other strategies to ensure success for the rest of the year.
The borrower sought a cash-out refinance of their retail property and was motivated to close in under 30 days. They were also in need of a limited documentation solution. Silver Hill worked quickly to provide a 5-year hybrid loan with the cash-out the borrower required. The loan was funded through Silver Hill’s Owner-Occupied Bank Statement Program.
Silver Hill Funding runs monthly webinars on small-balance commercial mortgage topics, and over time we’ve received tons of questions from residential originators looking to break into commercial lending. Some of these questions involve specific loan scenarios or program details, but we’ve noticed that 7 questions seem to pop up over and over again.
All Day (Monday)
1 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304
(Tuesday) 10:00 am
DoubleTree by Hilton Hotel San Jose
2050 Gateway Pl, San Jose, CA 95110
The LoanMakers Forum
All Day (Wednesday)
Grand Hyatt DFW
2337 S International Pkwy, Dallas, TX 75261
Mortgage Bankers Association
Silver Hill Funding, LLC programs are offered to qualified commercial lending institutions and are not applicable to the general public and/or individual consumers. This information is for lending institutions... Read More
Silver Hill Funding, LLC
4425 Ponce De Leon Blvd., 250 Ste.
Coral Gables, FL 33146
P: (844) 641-1035
*Silver Hill Funding, LLC does not lend in the following states: DE, ID, HI, MI, MT, ND, NV, SD, TN, VT, WV, WY
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