November 9, 2023

Need Commercial Mortgage Leads?

Most Leads Are Just  $1 to $9 Each Plus 37.5 Bps. When the Deal Closes

You Can Choose Your Leads By Loan Amount, Loan Type, Property Type,
User Type, Age of the Lead, and Property Location

Close Five Loans For Us and Get Added to C-Loans. 

 

Mortgage brokers have to pay a trivial up-front fee for their leads, plus a small software licensing fee on closing.  We have to charge something because we spend thousands and thousand to generate these leads, and we only sell our commercial loans to six banks or brokers.  Since C-Loans makes 99.9% of its dough when deals close, we have to make sure that our mortgage brokers actually work the leads.  If a mortgage broker has paid, cold hard cash for the lead, he'll work it.  

Banks and credit unions do NOT have pay anything upfront.  If they never close a deal, they don't owe a penny.  Banks and credit unions only owe a small software licensing fee if a deal actually closes.  In effect, we guarantee success.  

Banks like yours have closed over 1,000 commercial real estate loans using our software.  Normally after a bank signs up, it simply waits to receive our scrubbed loan apps.  But if you are hungry, we will give you enough lead purchasing credits (be sure to remind us) to go into our data base and actually download 200 SBA or conventional commercial loan applications right now.  You'll be like a vulture that has special permission to go out and "kill somethin'."  [Chuckle]

Please note:  This special free-SBA-loan-leads offer is only available to commercial real estate loan officers working for FDIC-insured commercial banks or NCUSIF-insured credit unions.  Sorry guys, but having a "special relationship with the bank" or being a "correspondent of the bank" does not cut it.  You must actually have a desk at the bank and go to work there every day.

 

  

 

 

But what if you are not an employee of a commercial bank?

If you own a commercial mortgage company, you can now keep every loan agent in your office busy full-time working fresh commercial mortgage loan applications from C-Loans. Please click here to view a sample lead.

You can do searches as targeted as this: Please show me every commercial loan application that is less than ten days old in Cook County, Illinois; where the loan amount is between $500,000 and $10 million; where the loan type is a permanent loan or a bridge loan; where the property type is either a hotel, an office building, or an industrial building; and where the borrower's credit is at least satisfactory. You will have lots of loans from which to choose.

"Gee, George, that sounds pretty good - fantastic, actually. But are the leads any good?"

There are commercial mortgage brokers currently working C-Loans leads who have already made close to $1 million in fees using our leads - one million dollars! These are small mortgage companies that you have probably never heard of - TCRM Financial, PMB Capital, Integrity Financial - but they are cutting a wide swath through the commercial lending industry because of our leads.

"Are the prices charged by C-Loans reasonable?"

If you have ever paid for classified advertising, magazine advertising, billboard advertising, or radio advertising, you will agree that advertising on your own for commercial loans can be phenomenally expensive. And when you do get a lead, its just as likely to be a tiny $50,000 loan request or a $2 million mezzanine loan request on a parking garage in Maine. You frequently get junk or stuff you can't do.

But when you buy a lead from C-Loans, the lead will be the right size, the property will be close to your office (if you so choose), the credit will be good (or bad if you prefer), and the loan type will be something that you can do. For example, you may not want to waste advertising dollars generating leads for construction loans right now.  Buying leads from C-Loans is an immensely more efficient way to spend your limited advertising budget.

"So not only will I owe $3 or so up-front, but I will also owe 37.5 basis points (slightly more than a third of a point) if a deal closes."

That's right. Just notify our office when a deal is close to closing, and we'll send you an invoice.

Remember, if you are a loan officer at a commercial bank or credit union, C-Loans will actually send you free SBA loan leads (or conventional commercial ones)!

Please note:  This special free-SBA-loan-leads offer is only available to commercial real estate loan officers working for FDIC-insured commercial banks or NCUSIF-insured credit unions.  Sorry guys, but having a "special relationship with the bank" or being a "correspondent of the bank" does not cut it.  You must actually have a desk at the bank and go to work there every day.

 

 

  

  

"How many other brokers will be buying the leads?"

Only a total of six mortgage brokers or lenders will be allowed to buy any particular lead, plus the direct lenders selected by the borrower when he originally applied. Don't worry too much about competing against direct lenders. Compared to mortgage brokers working on commission, salaried bankers are a pretty sleepy lot. Your real competition will be the three to five other mortgage brokers allowed to buy the same lead. If you want to out-sell these guys, here is a very important C-Loans tip: Success on C-Loans is all about speed, not small differences in pricing. The first mortgage broker with decent rates to reach the borrower usually gets the deal.

And once you have closed five loans for C-Loans, we'll add you to the system as if you were a lender.

From then on, you'll never have to pay for leads upfront again. But I have an important secret for you. The leads you buy are better than the leads that our direct lenders receive. The reason why is because the fresher the lead, the better. Waaaay better. It turns out that C-Loans is not a rate bidding war. Surprised? We certainly were. It turns out that success on C-Loans is all about speed. By shelling out a lousy $1 to $3 for a lead, you can buy leads that are less than a minute old and beat everyone to the punch. (The wise businessman will carefully re-read this paragraph.)

"Okay, George, this sounds like a no-brainer. What do I do?"