Dennis, your professionalism in the commercial real estate lending industry is above reproach. In the 30 years of commercial real estate in contending with loan brokers, banks, hard money, etc..., you have been the best. That you were able to fund our transaction in two and one half days is extraordinary and does set you apart from others whom I have done business with, more importantly how you handled the expectations of both lender and me has truly set you apart.Dean S. Chesnut BCK Real Estate Services
3 Keys to Securing Financing for your Business Buyer and Ultimately Ensuring That You Get
Paid the Commission You’ve Earned
You’ve done all the hard work of listing the business, completing a financial analysis, showing the business to prospects, finding the buyer and negotiating the deal… You’ve earned your commission.
Then all these outside forces come in to play to thwart your efforts and put your hard earned commission at risk. I don’t need to tell you that if your buyer can’t get access to the financing to complete the deal, then you don’t get paid. And worse than that… there’s usually nothing that you can do about it. After all the work and toil to push the thing through to that point – you suddenly become powerless.
Did you know the five largest US Banks reject 83% of the commercial real estate deals that they see? That’s HUGE… The odds of you getting paid your commission on a deal that depends on financing from one of the mainstream financial institutions are highly stacked against you.
It’s no surprise that, knowing how to make sure your buyer gets the financing they need is therefore as important as selling the property in the first place.
I’ve been in the business of getting business loans approved, and helping brokers get paid the commission they’ve earned, for the last 34 years. I know how important each deal is to you and your buyer and I do my level best to make deals happen.
If that 83% denial rate by the big lenders has your attention, then here’s where you can take a deep breath and try to calm yourself. So long as you know where to look, and who to talk to, it’s possible to do something about this and take control of the deal back for yourself. I have an 80% pull through rate to closing for the deals I see. That’s over four times the closing rate of the big lenders. And, almost 100% of the loans I close have been denied somewhere else first.
If you’d like to find out how to make sure that more of you deals don’t fall apart when it comes to financing, then there’s 3 Key things you need to know.
If you’d like to find out more about those 3 Keys to Securing Financing for your Business Buyer and Ultimately Ensuring That You Get Paid the Commission You’ve Earned then please leave your name and e-mail address in the box below and I’ll e-mail you everything you need to know.