I’m a commercial lender for a bank and I got a commercial loan approved for a potential borrower. He verbally accepted the terms and I informed him we were ready to order the appraisal. It was completed with a cost of 00. The potential borrower was aware that this was a cost he was to pay at closing. Prior to closing, he got a better offer from another bank and went with them. He is refusing to pay for the appraisal since he decided not to do the loan with my bank.

Do I have any recourse? What are the chances of winning a small claims suit?

What makes you eligible to put an offer on the house?
We are trying to go with USDA direct loan, and since they are out of funds now and they do not know when it will be distributed, our agent says that we can not put the offer on the house till we know when the fund will become available.
But I think I still can put a contingent offer anyways. I can state in my offer that this is what we offer to you, then state that we will close when the money will be available. And it is up to seller to decide to accept or decline our offer, but not to our agent that does not allows us to do this.
Even if you go with the commercial lender – being pre-approved does not guarantee you will get money at the end… So why we can’t give a choice to the seller to decide if they are willing to accept our offer or decline.

To a commercial lender, would the attractions at a family entertainment center be considered real property? Can the cost of the construction of each of those be added to the purchase price of the land, and be paid for with a commercial mortgage? I personally would say yes, because they are "improvements" put on the land. And just to clarify, I am talking about go-kart tracks, mini-golf courses, bumper boat ponds, etc.

Could these be purchased with a mortgage, or would they have to be purchased under a regular commercial loan similar to one you would get for working capital?

I am a small business owner, only been open for 7 months, need to expand, I have enough to purchase more equipment, but still need 700.00 to finalize the deal..Any idea where I can look for a little help..I dont have the credit to obtain a loan from a commercial lender..THX

I have a commercial pocket listing. I told a mortgage lender I know that deal in commercial loans and told him if he had someone interested let me know. He calls me the other day and says he has an interested buyer BUT, there’s always a BUT. But, it’s not his buyer, he has another friend that is a commercial lender and it’s his buyer. The buyer does not have an agent so I will be facilitating the deal. The mortgage lender wants a 3% "finder’s fee" and my friend the lender wants 1% of the total purchase price from me (out of my commission, which is 2.5%), or they won’t bring the buyer to the table. Can the buyer’s lender get a 3% commission, my head and R.E. laws tell me NO, I already know I can’t pay my "friend" the lender 1% since he isn’t licensed? I am extremely perplexed by this, he tells me "it’s done all the time" I had never heard of it.

Can the buyer pay them a finder’s fee? My seller thinks they’re nuts, I am inclined to agree

Thanks for the help!

I am looking for some reliabble commercial lender/broker who can get good interest rates on stated income loan for my client. He has good credit history.

I came across a commercial lender offering 4% loans it sounds way to good to be true, so I think this is a scam

I’m interested in a multi-family apartment complex (5+ units). Assuming all of the other lender specifics are met (i.e. the debt service coverage ratio). Do they look at the borrowers personal debt and compare that to the down payment, or do they not care as long as the borrowers credit score is high enough? Thanks!
I’m not concerned about whether or not I can get approved for the personal loan. I’m interested in whether or not, if all other commercial lending criteria are met, the commercial lender would approve the loan with the down payment financed through a personal loan.

I am selling an office building and I want to make money off the mortgage itself if possible. Hopefully someone who does commercial loans will read this. Is there any way I can work with a commercial lender to try and sell a mortgage from them, instead of just sending the buyer out on their own to go get a commercial mortgage? Just so there is no confusion, I am not looking for a commercial mortgage. I am the seller of an office building looking to also make money off the mortgage if I can get the buyer to go with a mortgage lender of my choice, if this is possible.

I’m thinking on a career change, preferring to be commercial lender rather than a mortgage-lender if there’s any difference. If possible what are the fees, license, etc..,thanks.

I am buying a property that is 2.1 acres. It has two 4 apartment complexes, but because they are on one big deed I have to get a single commercial loan instead of an FHA. The commercial lender suggested seeing if it was possible to split the deed into 2 so I could save on my interest rate (7% vs 10.625). Does anyone have experience with this? How would I go about splitting the one deed into two, with one for each of the buildings?

Just got a job as a commercial lender last week and was wondering what some stats were for other companies out there.

What is your average loan size?
What is the average commission?
What % of that commission do you get?
Do you get a base pay?

Who is the most competitive commercial lender in Oklahoma?

I need a commercial lender to do a small Commercial RE loan to buy an Auto Repair Shop in New York State. Purchase price of 45,000 and would like about 15,000 extra to do some upgrading. Fair Credit Score. Any ideas?

I have a freind with a loan through a commercial lender in the amount of 300k that had a pre-pay of 108,000 if paid off within 3 years. He is now selling the property and he has a 68,000 pre-payment penalty. My question: Is there a limit a COMMERCIAL lender can charge on a Pre-Payment Fee. such as in residential its capped at 3% of the loan, but does commercial have a cap?

A local rental company is liquidating, and I was curious what the best way to purchase multiple properties at the same time would be. In the past I have always purchased properties on individual mortgages, or multiple on land-contract. Is it possible to get one loan to cover multiple properties for purchase? For refinance? Would this have to be a commercial lender? Thanks for any help.