Commercial Mortgage Brokers - Worth The Risk?
If you are seeking development financing for a commercial real estate project, commercial mortgage brokers may be able to offer you the loan that is right for you. But before you stroke that check, you should think things through very carefully. Most commercial mortgage brokers have no idea how the commercial mortgage lending underwriting process works, much less how it differs from lender to lender and what each lender requires in terms of the form, substance and schedule of due diligence documentation.
What about you? What about your needs? Have you been paying application fees and getting frustrated because nothing seems to be happening with your loan proposal? Are you getting frustrated with your commercial mortgage broker, the process or the lender they say your project is being reviewed by? Do you even know if the proposal is actually in underwriting or is it hung up (like most proposals) because something is missing that you are responsible for knowing, but nobody ever bothered to tell you you were responsible for providing?
More than 4 out of 5 funding proposals never achieve success. More than 4 out of 5. You should stop and think about that and the unique business model that Rainmaker Underwriting offers you in this regard that is unique to the capital markets.
If you are wondering why you really need Rainmaker in the mix, consider the following questions:
If you honestly answered no to any of these questions, then you have an issue and you should very seriously consider having Rainmaker resolve it for you before you go any further on your capital hunt as your odds of success will not be great. In fact, failure is not an option usually, but the only possible outcome.
Rainmaker is the initial "gatekeeper" whose sole mission is to get your company, its principals and the entirety of the proposal ready for serious underwriting consideration, then release it to intermediaries, investment bankers and/or institutional investors when it is ready - and not before. We work with lenders, intermediaries, investors and investment bankers and learn what they need to see, what form it has to take, when it has to be in their hands and then educate the borrower on these requirements and review the entirety of the due diligence submittal to ensure the proposal is optimized to provide the maximize chances of a successful outcome that we can contrive for your benefit. Rainmaker will then actively participate in the underwriting process when those all-important underwriting teleconference calls where your transaction is initially vetted, and then analyze offers and provide advice on counter-proposals and acceptance of the final result.
If failure isn't an option, then maximizing your chances of success should sound like a particularly good investment of your time and money in order to obtain that chance. Rainmaker consultants understand the totality of the process, can provide the necessary analyses of market, business and economics that pertain directly to the key initial underwriting reviews that can only occur if your business case has been independently verified as your word on the matter won't carry a whole lot of weight. Rainmaker has more than 24 years of operating experience and we focus on markets, income streams, business models, subjective investment risk and creating transaction structures that make positive investment decisions more likely to occur. We then support the project as the prime project consultant who understands the key market, finance and business elements better than any other team member.
If you really want their money, then you have to be willing to do what is necessary to go get it. We'll help you do what is necessary in a cost-effective and timely manner.
Why not learn about the customized consulting solutions that can be offered to help you navigate the financing maze. Talk to a Rainmaker consultant today.