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Current statistics show that only about 14% of commercial mortgage loans go through an independent commercial mortgage broker with remainder being placed directly through bank where that business owner has a relationship. With those kinds of statistics is it any wonder that a broker will bend over backwards to find you a good deal?
Imagine your potential savings possabilities when you engage an independent commercial mortgage broker who is able to find you two, three, four or even ten or more lending sources who all want to compete for your business! Plus, a broker doesn't earn any fees unless a commercial mortgage loan deal closes. This gives them a strong incentive to find a deal which is tailored to your specific requirements. Even better, broker earns their fee from lender so it doesn't cost you anything to save all of that money.
You wouldn't buy a new car or lorry without checking out different dealers to find best price would you?
Then why in world would you settle for a "one size fits all" commercial mortgage from your banker? It just doesn't make sense. At least not when there is an independent commercial mortgage broker who is jumping up and down for chance to save you money. All you have to do is find best one for you.
Author:- Commercial Mortgage and Bridging Finance specialists Commercial Lifeline.
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