The practice of due diligence fees in the commercial lending has caused many problems in today’s landscape.  Many Brokers/lenders will tell you that need to collect up front so make sure they get paid, others want to collect to make sure the client doesn’t go some where else.

In my opinion if you are taken a client’s money, you better be able to perform. There is no reason for you to collect any money before an LOI has been presented, and it should only before the hard cost that the lender will incur such has an Appraisal, environmental studies, or other items.

Most of these so-called lenders are putting the cart before the horse; they want their profit before they do their job.  In how many business do they collect their pay be before they deliver. We are suppose to be professionals and to many people in our field act like they are used car salesmen. 

We need to start acting like consultants, and start putting the clients interests ahead of our own. This is why we are in the economic mess that we are in.  Don’t get me wrong I am all for making money, but would we not make more money in the long run if did things right.

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We have Money to lend!!! We are in all 50 States and provide Great Service, are Honest and Show Professionalism.

The above information regarding Commercial Lending was provided by Christopher Hills, the Senior Vice President for In-Vision Financial Holdings, LLC. Chris can be reached via email at chris.hills@in-visionfinancial.com or by phone at 508-377-5872 x 704.

I am dedicated to helping you find the right financial solution for the purchase or refinance of your next commercial project

For Commercial lending nationwide see In-Vision Financial Holdings