Commercial Loans Made Simple

To those of us who have spent the better part of our lives in the finance industry we know the simple truth. Commercial loans are not easy to do, and anyone who tells you they are is lying. Repeatedly experiencing this first hand, Scott Oakley, CEO of Commercial Lending Capital, Inc set out with a single mission in mind: to simplify the commercial loan process.

With over 20 years of IT experience and a professional history with Microsoft software design, Oakley decided to create his own solution. Less than 18 months later, master pieces evolved, and SNAP! was born. SNAP!, combined with CLC's perfected workflow, has resulted in a fool-proof commercial loan submission process.

What We Know About Commercial Loans:

• Commercial loans aren't easy and the market has never been tougher
• Clients want options
• Software, training and support staff is not enough to achieve success
• Immediate to-the-point answers are key to success
• Time is of the essence
• There's no mystery behind commercial appraisals but they are tough
• Residential loan brokers are currently trying to handle the complexities of a commercial transaction
• High quality loans will not fund right now, only exceptional loans are considered

The CLC Difference:

We know how important it is to get immediate answers, and we don't limit you and your client to a single loan program. We understand the difficulty of spending the majority of your time weeding through perfectly good loan files. You try to find the client that meets the exact requirements of the single loan program, using a single investor that you have access to, only to wait for important answers. With the expense required to market to commercial owners, we know this doesn't make sense. Why not give your client immediate access to multiple loan programs, and give them the answers they're looking for in a matter of minutes?

Commercial Lending Capital, Inc has access to an large number of loan programs for commercial loans, bridge, hard-money, and equipment. Our commercial loan programs range from stated to full-doc, are competitive; provide cash-out for useful purposes, and with options for loan amounts of 250k-5MM. SBA and USDA backed loans have never been more attractive and there are still multiple options available for the "not so perfect" borrower in major metropolitan areas.

What else sets CLC apart from the rest? We have our own internal underwriting departments where we are also capable of restructuring a file at the last minute if for some reason the loan scenario changes. For instance, when an appraisal is completed and it determines the property has less cash flow than thought, in most cases the client would then be ineligible for a loan. They would then have to start the loan process all over, seeking out a new lender. In CLC's case (if appropriate), we would simply restructure the loan program, using a different lender. In many cases we are doing this on the backend, and the client isn't burdened with all of the specifics until they are worked out. This is an important distinction, as the market has forced us to train our underwriters to a finite set of standards constantly monitoring investor fallout.

What is SNAP!?

SNAP!, our trademarked software designed in house makes the art of submitting and tracking a commercial loan simple. It streamlines the loan process, creating fast and easy results. It allows independent brokers and agents the ability to follow a fool-proof process to submit a commercial loan. It gives you immediate access to all pertinent documentation required to successfully submit a loan package. And most importantly, it gives you "live", 24-hour a day access to all of your files.

The main benefit of SNAP! is that it simplifies the loan process, and makes submitting a loan as easy as answering 15-20 preliminary questions and providing certain documentation. Based on the "behind the scenes" results, the system will determine whether or not the loan is accepted. Once accepted, a needs list and submission package will be immediately accessible, with instructions as to what documentation will be required to submit the loan for formal approval. The system will automatically determine workable solutions for a client's needs, and then changes those choices as more information becomes available during the loan process.

What prevents success in the Commercial Lending Arena?

What else prevents success in the commercial arena? Limited options and unclear expectations. Yet another reason this opportunity is so enticing. The Training Program was built to cater to Brokers and those who receive commercial loan requests, but do not have the solid knowledge or expertise to underwrite, source and process them, nor the reputation that allows access to the largest investors. It is VITAL that time is not wasted on poor, fair or even good transactions. Our training program will allow you to identify opportunity where opportunity exists and not to work on illusions.

Gaining access to the software and workflow management systems is what makes this opportunity so appealing. This isn't an easy market; no matter what you hear. The ability to originate commercial loans can be relatively easy, but getting them to the funding stage requires a high level of expertise. CLC's software program and workflow management platforms have allowed the opportunity to not only simplify, but perfect the loan process. By utilizing the software program and solid work flow management, it eliminates several potential problems before getting too involved in the loan process.

The appeal of the program to the average submitter is that it still allows you to feel in control of the client. Most importantly, it allows you the option to personally prequalify your loan, and will give you an immediate response to your loan request. No more long waiting periods, and unsuccessful attempts to get the answers you want in a timely manner!

Our training programs give you the following options that may otherwise not be available to the average broker:

• The ability to separate the GREAT loans from good loans efficiently
• How to assemble fantastic submission packages that will minimize fallout ratios
• SNAP!
• Loan decision in a matter of minutes!
• Full range of programs available to larger producers
• Loan amounts from 250k to 5MM with attractive interest rates and unique programs
• Quick turn-around times
• Cash out opportunities (not all programs and consumers will qualify)
• Aggressive total revenue profit sharing
• The duties and responsibilities of a licensed broker or real estate agent in the commercial loan transaction. Because of the economic restructuring that has abounded in this country, this topic has utterly changed the landscape of commercial financing.
• The duties and responsibilities and fiscal impact of labeling yourself as a correspondent lender under the new guidelines brought in by the Obama administration.
• The definition of an SBA preferred lender, where to find them and how to deal with them.
• "Advance Fees"; where you can collect them, what you can do with them, and most of all how to do this correctly and in compliance with new regulations that have come into effect during the last two years.
• Previously a trade secret, we will now cover our proprietary business flow from a processing, underwriting, and submission perspective.
• Licensing: a few years ago there were virtually no licensing requirements for commercial transactions. This is changed and we will provide a state-by-state consultation with you as to the licensing required. We will not give you legal advice; however we have done extensive research in this area and can provide vital details for you.