California Commerical Real Estate

Choosing a Lender

When looking to secure a mortgage, you can either contact a lending institution directly or hire a mortgage broker in Southern California or online to identify an institution that is right for you.

Banks are one of the most common lenders that offer commercial mortgage loans. Banks typically offer the lowest rates, but they also require the most documentation and are less likely to grant loans to potentially "risky" ventures. If you are researching lenders without the aid of a broker, you should be sure to check out several larger banking institutions to compare rates. It would be especially worthwhile to visit the bank that handles your business checking account, as you will be more likely to get favorable terms and/or a better rate.

Hard Money Lenders

Private Investors offer another option if you are not satisfied with the terms that a bank offers (or are unable to provide documentation that the banks require). Private Investors (also known as hard money lenders) are often willing to take on more high risk loans and do not require as much documentation. The main difference between these lenders and banking institutions is that the funds come from a private individual or group of private individuals and not from a company's assets.

Mortgage Brokers

If you would rather not conduct the search by yourself, you may want to consider hiring a mortgage broker. Mortgage brokers will analyze your needs and will do research in order to find lenders that are suitable for you. In addition to saving you time and energy conducting a search for a lender, brokers are usually able to secure a better deal for you. You will have to pay for the expertise and services of the broker, and the payment typically is in the form of a commission that is based on a percentage of the total amount that you are borrowing. You will probably also have to pay for mortgage related expenses.

Your Commercial Real Estate Broker

If you have any questions regarding Southern California commerical real estate, please contact Joseph Dodge today. As your Southern California commerical real estate broker, you can be assured that we will always look out for your best interests. Please call or email today, and we'll be happy to assist you throughout your real estate transaction.