RAINMAKER UNDERWRITING, LLC 281.537.1200

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Mortgage Brokers - Continued...

Welcome to the commercial mortgage brokers information page on the Rainmaker Underwriting web server.  Here you will find information pertaining to the qualification and selection process for commercial mortgage brokers.  Rainmaker Underwriting has received a lot of complaints regarding commercial mortgage brokerage firms that routinely fail to make a placement for a client.

Accordingly, here are some quick "do's & don'ts" regarding mortgage brokers:

Only deal with brokers that have a loan correspondent relationship.

Only deal with brokers that have direct and substantial experience in your loan type - jack-of-all-trades aren't typically good enough.  You need specialists.

Compensation is typically less than one percent (1.00%) for a broker.  If they are telling you it's a multi-point deal for them, you have the wrong broker.

Get a list of the transactions they have funded and independently vet these disclosures.

If you aren't sure about how to proceed, contact Rainmaker and get the help you need.  We are only a phone call away and will answer all of your questions.

Why do projects fail to get funding approved?

Rainmaker has had extensive discussions through the years with clients who are seeking funding for their commercial income-producing property development and construction program, but have, so far failed to do so.  Rainmaker has also had extensive discussions with intermediaries, investment bankers, lenders, investors and underwriters to get their side of the story.  The interesting thing is that the same five (5) things seem to come up again and again that end up leading to a total failure.  Are you destined to fail?  Can you afford to take the risk of blowing out even a single funding source, knowing that source could be the one source you needed to succeed?  What can you do to avoid these terrible mistakes that always lead to a rejection?  Click here and learn more.

Rainmaker Underwriting, LLC can trace its history back all the way to 1989.  Incorporated in 1993, Rainmaker Marketing Corporation evolved over time into a full-service business to business consulting firm.  Rainmaker Marketing Corporationís initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties with over 400 assignments completed in some 45 states.  Today, Rainmaker Underwriting, LLC serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on outsourced commercial underwriting review services.  Rainmaker Underwriting, LLCís service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: clinton.lovell@gmail.com

Project Feasibility Studies, Commercial Real Estate Development Finance Consulting, Outsourced Underwriting Services, Due Diligence Documentation Services & Project Management Consulting

8723 Kennet Valley Road, Spring, Texas 77379.

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