It is in the nature of commercial mortgage loan brokerage that you probably will have to present the typical commercial mortgage loan application to a half dozen, or maybe even a dozen different commercial mortgage lenders before finding the Commercial mortgage lender for your business. This process of shopping takes time and, meanwhile, the borrower may be calls from other broker’s commercial mortgage loan and direct commercial mortgage lenders. Anything you can do to accelerate the process of purchasing commercial in front of his large increase your chances of getting paid.
In short, you need to be able to trade in front of his shop a dozen commercial mortgage lenders in less than two days. By far the best way to do that is to present its commercial offerings, not by mail, but rather by email. Therefore, it is essential that you learn how to create a package of commercial mortgage loan as a PDF.
In order to create a PDF, you need to purchase Adobe Acrobat. These software only costs about $ 350, and that will recover their investment within a few months from their savings in postage and express mail service.
You'll download the software for the desktop and extract it. The software will be installed automatically on your own Microsoft Word and Microsoft Excel programs and adds a button that you can create a PDF with just one simple click.
You can then create an Executive Summary Loan using Word. Make sure that the import of color pictures in the paper. Then create a PDF using the new Create PDF button in Word. You may also want to create a Pro Forma Statement of operation through its Excel software. Once completed, you can use your new PDF Create a button on your Excel software to create a PDF of the spreadsheet.
As a commercial mortgage lender myself, I like to get two or three PDF's for the same trade front. It's a pain having to open multiple PDF's. Therefore, you must combine the Executive Summary of Loan PDF with the Pro Forma PDF in a single PDF, including documents such as tax returns, which have been scanned.
To combine multiple PDF in a single PDF, you can use the Combine feature of the Adobe Acrobat PDF. It is very easy and intuitive.
Make sure, however, that his initial PDF is not too big. Many e-mail programs to block the reception of any document, including a PDF, which is too large. In addition, when most commercial mortgage lenders look for a combined initial, preferring largely a brief summary package, rather than a "complete package".
To maintain the initial commercial mortgage loan package thin, you should include only the first page of a borrower of taxes. You can explore and present a more complete package, if the commercial mortgage lender expressed interest in the initial package.
