Simply put, the answer is no. CLC needs to feel confident that there is no means of 'influencing' the value of a property. A client may think that the cost or timeframe associated with utilizing an appraiser they know may be more favorable, but in most cases CLC has access to the most aggressive pricing and turn-times in the industry. In very few cases where CLC is having difficulty locating an appraiser in your area, we may contact you for suggestions.

CLC uses the nation's largest 3rd party appraisal companies to engage our appraisers. We will put your project out for bid, and will aggressively pursue the lowest cost possible, with the quickest completion time. Should multiple bids be received, we will advise the client of the options available to them.

The program type your client is eligible for will dictate whether or not charging YSP is permitted. For example, government programs such as USDA or SBA loans do not allow charging YSP. However, several other program types do allow YSP, and CLC will advise you of such when discussing which program type is best suited for your client's needs. Typically a program will allow up to 1 point of YSP.

Unlike most lenders, CLC will pre-underwrite your file prior to issuing an approval. It is important that the income of your property is clearly and accurately listed on your loan application/1003. If you feel this information may be inaccurate, you can also supply a rent roll and/or tax returns. Albeit these are not required prior to receiving a pre-approval, it does allow us to get a clearer understanding of what income your property is actually producing.

Keep in mind, your pre-approval is a "target". This is subject to change once we have received a completed appraisal that has been reviewed and accepted by our real estate department. An appraiser could bring to light several new discoveries that could both positively and/or negatively effect financing options available to you.

We will move your file forward as expeditiously as possible. Typically the broker and borrower are in main control. It is best to immediately comply with document requests and stay in close contact with your assigned Processor. Ordering the appraisal is typically the lengthiest part of closing a commercial loan. Turn-around times are typically 2-3 weeks. It is safe to assume an average closing time of 30-60 days. CLC cannot 'commit' to specific closing times, seeing as we rely on so many third parties to assist us in getting a loan closed.

CLC will compensate a broker after the successful funding of the loans they originate. A broker will be provided a Broker Fee Agreement at the time a pre-approval is issued for a client, indicating the revenue associated with the loan. CLC disperses broker's compensation via check or wire, upon cleared receipt of funds from title/escrow. (Typical disbursement time if title/escrow wires funds to CLC is 13 business days. If a check is received from title/escrow, there is a 3 day hold. Funds will typically be released within 3-5 business days.)

Once CLC is notified that a closing confirmation has occurred, the broker will be sent a Wire Instruction form. At this time you can provide wiring instructions, or request your commission to be sent via check.

Commercial Lending Capital, Inc is a correspondent and partner with several of the nation's leading financial institutions. We have spent years pre-negotiating discounted rates/terms, implementing internal support staffs and obtaining programs that small Brokerage firms would never have access to. The majority of the time Commercial Lending Capital will close loans in our name, and have first payment default liability. However, in a situation where circumstances drastically change, (severe drop in credit, insufficient cash-flow, undisclosed deferred maintenance, etc.) we do have access to additional programs that will still allow us alternative options to keep the loan in-house! The great news to you is that we don't lose the loan, and all of your hard work isn't wasted! This is what separates CLC from the majority of other lenders you encounter.

Unfortunately, there are several unforeseeable factors that could effect program options available to you once the appraisal is returned. This could consist of overestimated valuation, severe drop in credit score(s), undisclosed liens/parties on title, unacceptable DSCR, information on the 1003 cannot be verified, etc. This is the benefit of utilizing CLC to fund your loan. With in-house underwriting, in most cases we can flip your loan into a new program, still offering you options to get your loan funded.

When possible, CLC will adjust the LTV to accommodate your loan request. In the case of a purchase, it is beneficial for the borrower to know the exact value of the property, thus allowing them the opportunity to decide if they want to proceed with a purchase price higher than the perceived value.

CLC does not charge deposits, however we do charge flat rate fees. The fees are based on the amount of work already performed at the time a loan commitment is executed. CLC will also be liable for paying the cost of the appraisal and any other required 3rd party reports that are necessary in advance.

Because commercial loans are our ONLY business!

There is no middle-man. We do all of our underwriting and processing in house, using state-of-the-art automated software. We offer very competitive rates and terms, and will continue to work with you until we find the best loan options available to you. More importantly, our dedicated staff is here to assist you through the process. There are no long waiting periods, and there is always a designated Team Member easily available to hold your hand through the process.

There are several reasons CLC will not accept outside appraisals:

• If we did accept your appraisal, there would be a cost associated with having an unbiased 3rd party review it. Should they conclude the appraisal was unacceptable, you have incurred an unnecessary cost that cannot be recovered.


• An appraisal can contain up to 3 approaches. Depending on the loan program type you have applied for, all 3 approaches may not be necessary. In many cases, supplying 'too much' information can disqualify a loan. It's best to let the lender determine what approaches are needed, and directly engage an appraiser to instruct him/her on what type of an appraisal is required. In the same respect, an appraisal you possess may only have 1 approach, (typically an income approach) when we may require all 3 approaches. (Income, cost/replacement and market.)


• It is only natural that a lender wants to feel confident in the abilities of the appraiser. Preferring to utilize our own network of appraisers is commonplace in the industry. This guarantees that the appraiser is familiar with the approaches we require, and what is expected of them.

CLC takes pride in having one of the highest pull-through rates in the country. We absorb the internal costs to efficiently pre-underwrite your loan file to determine eligibility. Unlike most other lenders, we don't provide a, "best guess" quote and change the perimeters as we go. We've taken the time to research your property, compare property values in the area, calculate your debt service, analyze your income, etc. The difference between CLC and most 'so-called' lenders is that we've already predetermined that we actually have an internal program that fits your needs. We don't toss out a random guess and then shop your loan until we find a home for it. Follow these simple steps to assure a smooth closing process:

• Accurately estimate value of your property: Loan approvals are based on what you estimate the value of your property to be. If you are uncertain what the market value of your property may be, you may want to consider contacting a local realtor or asking a local appraiser to approximate value for you.


• Credit score: It is extremely important you maintain your credit scores. Don't significantly increase balances on your credit cards, make a lavish new purchase, etc.


• Provide requested documentation as expeditiously as possible: You will ultimately control how quickly the loan process moves. Stay in close contact with your assigned Processor to assure a smooth and timely closing. We are here to help you!