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Broker Application Form - Broker Agreement - Non Circumvent |
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From 100% Project Commercial loans to Full Doc Underwriting for A+ Borrowers. You will find the lowest rates available for the transaction and propert type, whether it is life, pension, or conduit loan request or a billion dollar development!!! Small commercial properties from $1,000,000 - $5,000,000. Here is an example of how CMP Commercial can benefit YOU!!! "We sincerely hope you utilize us as a valuable resource for all your commercial loans. Our expertise in commercial finance will allow you to solicit new loans while we work diligently on your existing files." Loan ProcedureStep 1- Submission
Step 2- Approval Upon loan submission, we will issue a prequalification. Once the borrower and broker understand and agree with the terms of the loan, we will issue a Conditional Letter of Approval (CLA) or a lender commitment. Step 3- Appraisal Many of our Private Equity programs do not require an appraisal. They have their own methods of valuation. The CLA must be signed and returned with all the conditions required. The borrower will be able to send a check, cashier’s check, or wire transfer the funds for the appraisal. ONLY CMP Commercial or lender can order the appraisal. Step 4- Collect Conditions While the appraisal is being completed, our processing and underwriting staff will collect and review all missing conditions. Step 5- Appraisal Review Our real estate department will review the appraisal. Step 6- Closing Once all conditions and appraisal are satisfied and reviewed, CMP Commercial will send out closing documents. Once closing documents are signed and reviewed, the loan will fund the loan in 48 hrs. |
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