Since your commercial mortgage loan broker doesn't earn their fee unless you get approved, they work with you to make getting a commercial mortgage loan as easy as possible. And, since broker gets paid by lender and not you, there is absolutely no reason not to engage their services.

Even if you had access to same quantity of lenders as a broker does, you would have to fill out a separate commercial mortgage application and submit it to each lender. That process alone would take you more time than it takes to drive across continent. A broker uses same application and sends it to all of their lenders. That fact alone makes it easier to get a commercial mortgage than doing it yourself does. Even better is fact that broker already knows terms and conditions that each of their lenders utilize. The broker will only send your application to those lenders whose qualifications you already meet.

Just like with everything else in life, there is an easy way and a hard way. If you're looking for easy way to get a commercial mortgage loan then I suggest finding best broker for your needs and let them do all work. It doesn't get any easier than that!

Specialists in Commercial Bridging Finance Commercial Lifeline. Independent UK based Commercial Bridging Finance brokers.

Several weeks later I had opportunity to speak with my landlord's father, owner of property my wife and I were currently living in. While enquiring about his investment property business, I learned a little about multi family investment property financing. According to him, most lenders will only provide financing for multi family dwellings of five units or more, with a minimum loan amount of $500,000. Apparently it isn't worth a lender's time to finance smaller investments.

Most multi family or apartment loans have a thirty-year term with interest rates ranging from 4.7% to 6.625% for loans up to $3 million. I learned that most of time these "smaller loans" carry a little higher interest than loans exceeding $3 million and are termed as 'recourse' loans; in other words, if you default on loan lender may take 'recourse' by seizing your private assets. Loans in excess of $3 million are termed as 'non-recourse', meaning private assets are protected in event of a borrower default. In addition, most lenders offer basic options like fixed and adjustable rate loans.

In final analysis, key to success of this family in multi family investment property market wasn't way they quickly handled tenant complaints or provided decent amenities; these things merely kept them in business. The reason for their success was a thorough understanding of investment property financing gained from years of research, experience, and trial and error.

Cameron Brown is a client account specialist with 10x Marketing - More Visitors. More Buyers. More Revenue. For information on multi family financing, visit Security National Capital .