If you have ever sought a commercial mortgage, you may have considered working with a commercial mortgage broker. However, you may have hesitated based on the belief it would be more expensive than approaching lenders yourself.
What if we told you it’s actually costing you more time and money by not working with a mortgage broker?
Today we share 4 benefits of using a commercial mortgage broker to secure your commercial loan, and how doing so could end up saving you significant time and money.
1. Knowledge
When you work with a commercial mortgage broker, you benefit from their in-depth knowledge of real estate and the mortgage process. This translates into you receiving the best rate and terms available for your loan. A good mortgage broker will take time to listen and consult with you to better understand your unique borrowing needs. Equipped with the knowledge to create the best funding strategy for your business, they will ensure your experience is a smooth one.
Furthermore, commercial mortgage brokers know exactly what lenders and investors really need to quickly review – and approve – your loan application. Be sure to check out our list of must-haves to apply for a business loan first.
2. Experience
It is important to work with a mortgage broker who has experience in commercial real estate. They should have a strong understanding of all your available lending options to help you choose the right one for your business. Some examples of commercial lending options we help secure for our clients can be found here. Without a commercial mortgage broker, you may overlook or be unaware of the best lending options for your business. This can cost you time and money in the short run and long run.
3. Protection
You have spent significant time and money to build your business – don’t put it at unnecessary risk. One wrong email recipient and your entire deal could unravel! Cyber-security threats are on the rise, and the details of your commercial loan are sensitive in nature. Therefore, it is crucial your personal financial documents don’t fall into the wrong hands. When you work with a commercial mortgage broker, your sensitive documents and data are shared through secure, vetted channels and only with those parties intended.
4. Connections
One of the most important benefits of working with a commercial mortgage broker is their broad, diverse network of lenders. A good mortgage broker will be able to submit your loan package to many different lenders and investors. These lenders then compete to offer you the best rate and loan terms. A lower rate by one or two points can translate into thousands – or even hundreds of thousands – in savings for our clients.
In summary, working with a commercial mortgage broker can save you time, money, and energy by helping you navigate the mortgage process with ease and advising you every step of the way.
At Dixon Link Capital, we have the knowledge, connections, and experience necessary to secure the best commercial lending options possible. We invite you to learn more about our commercial mortgage brokerage services, meet #TeamDLC, and request commercial funding through our quick and easy loan application.
What additional benefits have you enjoyed by working with a commercial mortgage broker? Join the conversation by connecting with us on LinkedIn.
