Get a Free TV By Joining C-Loans. There's Nothing to Sign. Just Tell Us Your Commercial Lending Preferences.
The sooner you close a commercial loan for C-Loans, the sooner that huge 50" HDTV appears over the bar in your man-cave. Fifty inches? I'm only 65" tall.
There is indeed nothing to sign. Please just remember to bump your normal loan fee by 37.5 bps. (25 bps. on deals over $5 million) and tell us about any closings. We'll then submit an invoice for our little software licensing fee.
And get excited! This new relationship should increase your personal loan volume by at least 20%. Remember, C-Loans has been online now for over 14 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 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. Soon banks will be getting back into commercial lending. After all, there is six 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.