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Looking for good lenders

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HJackMiller1 | 19 Jul 2014, 08:28 PM Agree 0
Who are the good lenders and what type of programs do they offer?
  • williamrachea | | 12 Nov 2014, 04:04 AM Agree 1
    Finding the best lender is extremely challenging in today's financial environment. Every lender promotes they have the best rates and customer service.
  • | | 17 Sep 2015, 04:45 AM Agree 1
    Selecting a lender is more important. Your lender should be someone who understands your business well
  • 7th Level Mortgage | | 10 Jan 2018, 11:18 AM Agree 1
    A good lender and broker (brokers are actually better to use in a commercial transaction versus a lender, more on that later) should have a combination of qualities.

    1) Obviously competitive rate and fees are a must - remember the guy quoting you a low rate way outside of the rest of the quotes you receive is typically full of it and is very adept at using bait and switch tactics - most rate and fees will be in a a range - throw out the obvious BS'ers
    2) A deep bench of different programs to offer - commercial deals are structured - they don't come neatly packaged in one size fits all
    3) A proven track record of success, honesty and industry knowledge
    4) Availability - they should be there when you need them ( no more bankers hours)
    5) They should know business in general - not just finance
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