If you are shopping for commercial real estate in Miami, then you need to find a mortgage company to work with that will make the lending process fast and easy and connect you with a competitive loan. Here are a few suggestions to help you pick the right company.
Choosing a Commercial Mortgage Company: Some Advice
- Go local. While there are plenty of nationwide commercial lenders, they do not know the market as well as a local Miami mortgage company. A company that is locally based can help you navigate the challenges you may face that are specific to the FL real estate market to quickly close on your ideal property.
- Work with a company experienced with the type of financing you need. Commercial lending in general requires expertise that residential lenders may lack. Not only that, but sometimes commercial lending requirements are really specific. Say, for example, that you need energy financing or aviation financing. The reality is that most mortgage companies just are not going to know how to handle that. Find a company that has experience with loans for businesses in your industry.
- Choose a mortgage broker in FL, rather than a lender. When you work with a mortgage broker, they will shop around on your behalf to find you the most competitive loan offers. If you work directly with lenders, you have to shop around, which takes a lot more time and effort.
- Investigate the loan process. It can be helpful to familiarize yourself with the underwriting process and the steps involved in applying for a mortgage through a particular broker. Make sure that process is a fit for your business.
Buy Commercial Real Estate in Florida Now
Lending Bankers Mortgage specializes in commercial loans, including aviation loans, energy loans, vacant land loans, international loans, retail and office loans, multi-family loans and more. As a local Miami mortgage broker, we have established relationships with lenders throughout the area. To schedule your consultation, please call us today at (786) 220-1100. We can help you buy commercial real estate in Miami or elsewhere in Florida.