All Forum Posts by: Jeffrey Kovnick

Looking for management company for easy to manage commercial property just outside Hartford, CT

So, I am not speaking of loan origination that goes to banks. I am speaking about the fee to a division of CBRE that is getting paid to get me a loan. This is distinct from bank fees for the loan.

I am not sure I was clear in my initial post. I know that 1% is standard for "closing costs", but the CBRE "debt and structured finance" division wants to charge me 1% to help me find the best loans and take me through the process of doing everything for the sale. Is that appropriate?

Thanks. Jared, i'm in Salt Lake City, UT, but this property is in Jacksonville and we are looking at additional property in TX. We are NOT looking at multifamily. This is a retail center and we are also considering industrial. More of a buy and hold, rather than value add. 

$8,500,0000 property; $3million down, 65% leverage (so $5.5 million loan). CBRE is my broker, they receive 2.5% buyers agent commission. I was told that they would help me through the loan process. So, today when speaking with that department, I discovered that they would like an additional 1% (of loan) to help with obtaining loan, providing advice on financing, and helping me through the process of getting necessary things to the banks (title reports, documents, ALTA, environmental report, etc). I had naively thought this service was part of the broker commission. So, is this 1% typical? If not, where else can I look. Or, is paying a premium for CBRE going to be worth the upfront fees?