Do commercial real estate agents arrange the financing for buyers or use mortgage brokers and banks?

In General Area - Asked by Stephen F. - May 11, 2009
Report Abuse
Answer this Question

Answer(s)

Paul S.
Broker/Agent
Glendora, CA

All of the above. Most will use a loan broker however because the loan broker has a greater access to products. The commercial agent will not probably actally arrange the loan details (processing) although they may have that capacity. They may have a "go to" source of money for a particular product or type of property. Unless it is a cash transaction the loan is a key ingredient and the commercial agent will need to have an idea where to find the need funds if you do not. A mortage broker is frequently used because lenders for a particular product come and go daily. A great program available today may be gone tomorrow. The loan broker is the bird dog plus, if good, will process everything in a manner acceptable to the actual lender.

May 13, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question