No Up-Front Fees!

In today's turbulent market, Commercial Loan Underwriters is proud to be one of the few remaining corporations not charging any up-front fees.

 

Legitimate offers of credit do not require an up-front payment.   Although legitimate lenders may charge application, appraisal, or credit report fees, the fees generally are taken from the amount borrowed. And the fees usually are paid to the lender or broker after the loan is approved. Legitimate lenders may guarantee firm offers of credit to “credit-worthy” consumers, but first, they evaluate the consumer’s creditworthiness and confirm the information in the application.  Avoid being taken advantage of.  The Federal Trade Commission lists how to avoid such scams...click here to learn more.

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Getting Started

Get Application Here.  Send short message to our email.  Our AUTORESPONDERS will send you back applications immediately.

 

Request Commercial Mortgage Application

 

 

 

 

Submit package (Email, Fax or Mail)

Your loan will be queued for processing.  Processing times differ in the type of origination requested (i.e. free vs express).  Once your loan package is ready (assuming all financing requirements have been met), issuance of LETTER OF INTEREST from Commercial Loan Underwriters, L.L.C. stating all relevant facts regarding your loan will be sent to you.  We shall then submit your loan package into our LENDER PIPELINE.

Notification of Loan Quote (lender's offering) to follow.

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."