Bankers - Earn a $250 Commission For Each Commercial Loan You Close For C-Loans
This offer is ONLY for bank or credit union loan officers. C-Loans, Inc., out of its own software licensing fee, will pay you - the loan officer - a $250 sales commission for each closing. Your bank will also benefit because it will see far more good commercial real estate loan applications.
There is no monthly fee for your bank to join C-Loans as a commercial real estate lender, nor is there any monthly fee to use our software. If you handle it right, participating on C-Loans costs your bank nothing. We only charge banks a 37.5 basis point fee if they close a commercial real estate loan using our software (just 25 bps. on deals larger than $5 million). Most banks just quote 1.375 points to the borrower, rather than 1 point, and thereby pass 100% of the cost on to the borrower. Here are more details.
And get excited! This new relationship should increase your personal commercial real estate loan volume by at least 20%. Remember, C-Loans has been online now for over 16 years, and hundreds of banks already participate. C-Loans has closed more than 1,000 commercial real estate loans totaling over $1 billion. We just closed (6/2014) an $18.5 million apartment loan with Johnson Capital.
To the right you'll see a little form where we will collect your commercial lending preferences. In the Lending Area field, please type in the counties where you will lend, or type in a general region, like, "Within 75 miles of St. Louis" or "Northern Kentucky." Over time, working together, we'll later make any minor adjustments that still need to be made.
Next we get to Acceptable Property Types. If you're a typical bank, you don't have to click on every possible property type. Simply click on the button, "Typical Bank Properties." Or you can leave that box unchecked and check only those property types on which you are actively lending.
Joining C-Loans Can Change Your Life!
There are a number of loan officers on C-Loans who have closed more than 40 commercial real estate loans for us each.
How is this possible? Lenders on C-Loans appear on our Suggested Lender List according to how diligently they work our leads and according to how many loans they have closed for us. Since borrowers tend to pick the lenders at the top of the list, the more loans you close for C-Loans, the more loan applications that are likely to see. If you can close a couple of loans for us and pull closer to the head of the pack, you'll receive far more applications than your co-workers and buddies.
Soon this becomes a feed-forward system. Since you receive more loan applications, you close more loans, and because you close more loans, you receive more applications.
The Great Recession is over. Most banks are now getting back into commercial real estate lending. After all, there is eight years worth of pent-up demand sitting there unplucked. If you are a superstar on C-Loans, there could come a time when you might be courted by headhunters, working for hungry banks anxious to jumpstart their commercial lending divisions. In any case, being highly ranked on C-Loans certainly can't hurt your chances of being hired by a new bank.
Remember, websites owned by C-Loans are everywhere on the internet. We own CommercialMortgage.com, CommercialLoans.com, CommercialLenders.com, CommercialRealEstateLoans.com, IncomePropertyLoans.com, and hundreds of others. You WANT to become a superstar on C-Loans.
And here's the secret: To our surprise, C-Loans did not turn out to be a rate-bidding contest. No-no-no! It turned out to be more of a race. The first banker with reasonable rates to reach the borrower usually wins.
This means that any loan officer - even one with only so-so rates - can be very successful on C-Loans.