The More Commercial Mortgages a Bank Has in Its Portfolio, the Higher Its Chances of Being Closed By the Feds
I read today a terrifying statistic about commercial real estate loans. Of the 100 commercial banks with the highest percentage of commercial real estate loans in their portfolios, 42 of them have already failed. In the eyes of the regulators, commercial real estate exposure has become a frighteningly accurate predictor of bank health.
No wonder its so hard to get a commercial loan from a bank these days!
So what should a borrower or a commercial mortgage broker do? He will probably have to submit his commercial loan request to scores and scores of banks before finding a commercial lender willing to make the loan.
The easiest way to submit a single commercial loan application to scores of banks is to use C-Loans.com. C-Loans is a commercial mortgage portal with 750 participating commercial lenders. The user simply completes a four-minute mini-app and then asks the system to display suitable commercial lenders.
He then puts a check mark next to six banks and presses, "Submit." Within minutes bankers will be calling him or emailing him offers. And C-Loans.com is free!