Commercial Loans Without The Hassle
Pre-Qualify Now! 100% Free
In today's turbulent market, Commercial Loan Underwriters is proud to be one of the few remaining corporations not charging any up-front fees.
How much do I qualify for?
What will the terms and conditions be?
Simply fill out the form below and return to our processing department.
Our staff will pre-qualify your loan and email you the results:
Loan Amount You Qualify For
Best Interest Rate
How Many Lenders Are Competing For Your Loan
LTV
DSCR
& More....
Getting Started
Get Application Here. Send short message to our email. Our AUTORESPONDERS will send you back applications immediately.
EASY 3 STEP PROCESS
1. Commercial Mortgage Application's (Property Type's)
2. Complete Forms
3. Submit package (Email, Fax or Mail)
Submit Completed Application - Your loan will be queued for processing. That's It! No strings, no hassles & no gimmicks.
Our Lender Pipeline has over 100 lenders waiting to finance your loan.
Borrower Responsible for supplying all
'Supporting Documentation' to lender when needed
What We Do
Creating a Professional Loan Package
Calculating the Maximum Loan Amount Attainable (using LTV and Debt Service Coverage Ratio Constraints).
From the tenant list or lease agreements - creating a Rent Roll in order to calculate the property's POTENTIAL GROSS INCOME at 100% Occupancy (PGI).
Reconstruct a standardized Income and Expense Statement from client's operating statement or property tax return that includes a breakdown of all income and expenses that are specifically related to the real property - not the business entity, if any.
Using the derived Net Cash Flow, apply an appropriate Capitalization Rate to the Net Cash Flow to estimate the Direct Capitalized Value.
To determine the MAXIMUM LOAN at MINIMUM DEBT SERVICE COVERAGE, divide the Annual Debt Service by the Net Cash Flow (after reserved for Tenant Improvements and Lease Commissions and capital expenditures).
Analyze the Underwritten Reserves and Constraints to determine if the underwriting supports the loan request. Make adjustments to the underwriting based on the attributes of the property, the market and other considerations. Electronic Submission to Lenders.
Other Exclusive Features We Are Able To Perform.
Prequalification
Loan Comparison
Origination and Required Documentation
Automated Underwriting
Processing
Closing
Factors That Are Critical To The Loan Process
Industry Standard Underwriting Guidelines
The Income Capitalization Approach is used to value commercial and investment properties.
In a commercial income producing property this approach capitalizes an income stream into a present value. This can be done using revenue multipliers or single-year capitalization rates of the Net Operating Income. The Net Operating Income (NOI) is gross potential income (GPI), less vacancy (= Effective Gross Income) less operating expenses (but excluding debt service or depreciation charges applied by accountants).
Alternatively, multiple years of net operating income can be valued by a discounted cash flow analysis (DCF) model. The DCF model is widely used to value larger and more expensive income-producing properties, such as large office towers.
The Prime Rate. In the US, the prime rate runs approximately 300 basis points (or 3 percentage points) above the federal funds rate, the interest rate that banks charge to each other for overnight loans made to fulfill reserve funding requirements. (The Federal funds rate plus a much smaller increment is frequently used for lending to the most creditworthy borrowers today, as is LIBOR, the London Interbank Offered Rate.) The Federal Open Market Committee (FOMC) meets eight times per year wherein they set a target for the federal funds rate. Other rates, including the Prime Rate, derive from this base rate.
The most commonly recognized prime rate index is the Wall Street Journal Prime Rate (WSJ Prime Rate), published in the Wall Street Journal. Unlike other indexed rates, the prime rate does not change on a regular basis; rather, it changes whenever banks need to alter the rates at which borrowers obtain funds. The WSJ defines the prime rate as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks."
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