Tough Commercial Loans? Do real brokers still exist?

[Christopher Perez]

Real Examples of why you need a full service brokerage:

 Borrower running out of time on purchase and sales agreement about to lose deposit. The brokerage provides a creative solution by calling the seller for an extension on the buyer behalf.  Bank selling a property and didn’t disclose a sink hole. Brokerage coordinated with title and determined risk too big. Helped borrower find more suitable investment and closed new loan.  Wind insurance after hurricane. Brokerage coordinated new policy options as first quotes made the loan nonviable to new debt service ratio.  Law suit mid transaction. Brokerage coordinated every aspect from attorneys to buyer and seller, to realtor, to owning bank to a successful close.  Existing lender can no longer do loan mid transaction through no fault of borrower. Buyer will lose deposit earnest money. Brokerage issues pre-approval same day with new lender allowing borrower to get an extension to close.  Borrower starts construction prior owning property. Brokerage coordinates all documents and packages loan properly where it “makes sense” for the lender to close.  Borrower takes out loans mid transaction lowering fico scores before new close. Brokerages issues new offer and still closes before deadline.  IRS issue. Brokerage coordinates with the IRS agent to get the payoff request needed to close loan.  The title company chosen by borrower won’t clear title. Brokerage brings in new title company to get clearances to close loan